Jet Fuel

Bruising 2020 for Big Oil: Fossil fuel industry left to confront its diminished future, cope

Oil majors are considering expanding to offshore wind farms and hydrogen fuel, to prepare for a world that uses less oil and gas.

LPG gets costlier from today: Price of cylinder goes up by Rs 37 in metros; jet fuel price hiked 50%

The Oil Marketing Companies (OMCs) have hiked the price of Liquified petroleum gas (LPG) cylinder rates effective from today (1 June) to Rs 37 for a cylinder of non-subsidised LPG in metro cities.

IOC nears first deal to export fuel in second half of this year to Bangladesh Petroleum Corp

India Oil Corp, the country’s top refiner, is close to winning its first contract to supply diesel, jet fuel and gasoline in the second half of this year to state-run Bangladesh Petroleum Corp, two sources with knowledge of the matter said

Coronavirus Outbreak: Petrol, diesel demand to pick up as govt allows trucks to ply, some industries to resume ops

Petrol and diesel consumption, which saw its biggest-ever decline in the aftermath of a nationwide lockdown, is likely to pick up in the second half of the month as the government has allowed trucks to ply as well as farmers and industries in rural areas to resume operations after 20 April

Coronavirus Outbreak: IOC declares force majeure on oil purchases from Saudi, UAE, Iraq, Kuwait

India's top oil firm IOC has declared force majeure on crude purchases from four of its biggest suppliers - Saudi Arabia, Iraq, UAE and Kuwait - as refinery run rates have been cut down in view of plummeting fuel demand following a nationwide lockdown

State-run refiners reduce oil processing runs as demand tumbles after lockdowns; auto fuel, ATF to witness double-digit fall in March

Top refiner Indian Oil Corp and its subsidiary Chennai Petroleum has cut refinery runs by an average of 15 percent to 20 percent, sources familiar with the matter said.

Crude oil futures rise nearly 3% as Trump administration works with Saudi Arabia to stabilise prices, but support seen weak

The market is testing support following a more than 60 percent slide in oil prices since the start of the year due to the impact of the coronavirus on global demand and a market share war between Saudi Arabia and Russia set to bloat oil supply from April

India's fuel demand tumbles 11% in March as coronavirus outbreak hits aviation, transport sectors

India's fuel demand has dropped by a steep 10-11 percent in the first two weeks of March as the outbreak of coronavirus (Covid-19) led to the cancellation of flights and a reduction in industrial activity

Jet fuel price cut by steep 10%; non-subsidised cooking gas costs Rs 53 less as international oil declines

Jet fuel (ATF) prices were on Monday slashed by a steep 10 percent, the second straight reduction in rates in as many months, as international oil prices slumped on fears of the spread of coronavirus

Non-subsidised LPG price hiked by Rs 19 per cylinder, jet fuel cost up 2.6% on rise in international rates

Jet fuel or ATF price was on Wednesday hiked by 2.6 percent and that of non-subsidised cooking gas LPG by Rs 19 per cylinder on the back of a rise in international rates