India’s fuel demand rises 6.2% in November

India’s fuel demand rose 6.2 percent in November compared with the same month last year. Consumption of fuel, a proxy for oil demand, totalled 17.41 million tonnes, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed. Sales of gasoline, or petrol, were 4.8 percent higher from a year earlier at […]

GAIL to import 5 MT LNG from US in FY’19

GAIL India Ltd will import about 5 million tonnes (MT) of LNG from the US next fiscal, replacing the volumes the state-owned utility buys from the spot market, a senior company official said. GAIL has contracted 5.8 MT per annum of liquefied natural gas (LNG) from the US, some of which it has swapped – […]