India recorded a 7.4% increase in petroleum product consumption in July 2024, consuming 19.65 million metric tons (MMT) compared to 18.29 MMT in the same month last year, the Petroleum Planning and Analysis Cell (PPAC) said in a report.
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The Shiraz oil refinery's improving gasoline quality plan, which will upgrade the quality of 1.6 million liters of its daily gasoline production to euro-5 standards, is ready to come online.
Mohsen Paknejad, a proposed Iranian Petroleum Ministry candidate, pledges to pursue non-price solutions to address gasoline imbalance in the country, stating the government has not defined any plans for raising prices.
A senior Iranian official announced that delivery of liquid fuel to power plants has increased by 30 percent since the start of the Persian calendar year (March 20) compared with the same period last year.
India's Numaligarh Refinery Ltd (NRL) does not expect its shipments of diesel to Bangladesh to be affected by political upheaval in the neighbouring country, the company said on Friday.
India is poised to increase its diesel and jet fuel exports to Singapore and Australia in July. The expected surge in shipments, ranging from 157,000 to 224,000 barrels per day (bbl/d), is the highest since end-2021 and early 2022 and represents a 30% increase from June’s figures, according to Reuters.
Liquid fuel delivery to power plants has increased by 30 percent since the beginning of the current Iranian calendar year, since March 21 when compared with similar period last year.
An Iranian researcher and his teammates at the University of Tehran are working on producing a synthetic fuel in a laboratory environment with the least pollution level through a simulator and combining percentages of materials together.
Indian Oil Corporation Limited (IOCL) has launched a new fuel meant for racing cars and bikes taking part in motorsports, including Formula One.
Jalil Salari, managing director of NIORDC, reports an increase in fuel consumption from 32 billion liters three years ago to 46 billion liters this year, necessitating the need for smart fuel system updates.
After successfully producing a great part of oil industry catalysts at home, the country now enjoys the potential to export the catalysts to meet the neighboring countries' needs.
Fuel conservation solutions not only can make revenue equal to 80 percent of crude oil exports for the country but are the most available ones as well.
Iran’s deputy oil minister said that 75 percent of the gasoline produced in the country complies with EUR 4 and 5 standards.
The head of the Tehran Sewage Company announced the production of diesel and black carbon from de-watered sludge in the process of wastewater treatment plants in the Iranian capital.
Managing director of the Iran Fuel Conservation Company (IFCO), Hosain Abniki, says energy consumption in Iran is more than double the world standards.
Fuel consumption in India jumped by 6.1% in April compared to the same month last year, official data showed on Tuesday, as demand in the world's third-largest crude oil importer continues to grow this year.
India now consumes more than double the petrol it used a decade ago as new and larger vehicles are selling at a scorching pace. Diesel consumption is up by about a third while the overall oil demand is up by half.
China and India remained the top destinations for Russian seaborne fuel oil and vacuum gasoil (VGO) exports in February, with both countries continuing to buy the fuels to partially replace crude oil, traders said and LSEG data showed.