Chinese road fuel demand has been struggling this year as EV sales are soaring and diesel sales are falling.
FUEL Feed Atom
CEO of NIORDC, Mohammad Sadegh Azimi-Far, plans to boost high-quality petroleum product production in existing refineries and complete refinery projects with physical progress.
Iran's Deputy Oil Minister, Mohammad-Sadegh Azimifar, announced plans to boost gasoline production to 129 million liters daily by the end of 2027's seventh National Development Plan.
NIOPDC CEO Keramat Veis-Karami reports a 38% increase in liquid fuel deliveries to Iran's power plants in the first seven months of the year.
The CEO of the Iran Fuel Conservation Company (IFCO) Hosein Hoseinzadeh, stated that the company has short-term, medium-term, and long-term plans for energy efficiency, which are expected to save about 90 billion dollars through the year 2041.
According to Keramat Veis-Karami, the average daily gasoline consumption in the first seven days of autumn stood at 128 million liters, IRIB reported.
Petroleum product exports from India have soared to the highest level in two and a half years as maintenance season in Europe is stoking demand for fuels from other sources.
The Masoud Pezeshkian administration's plan to increase gas prices divides Iranians, with some arguing it's necessary due to high consumption and smuggling.
India's fuel consumption in August fell by more than 2% year-on-year to 18.35 million metric tons, oil ministry data showed on Friday, with diesel demand hit due to above-normal monsoon rains.
Increasing inter-city trips in the last month of summer in Iran have sent gasoline and gasoil consumption to new highs.
ONGC, India's largest oil and gas explorer, is considering an $8.3-billion refinery and petrochemicals project in the Indian state of Bihar to meet rising fuel demand.
Gasoline consumption in Iran reached 140 million liters on Saturday, August 25, according to the National Iranian Oil Products Distribution Company (NIOPDC).
Iran's new Oil Minister, Mohsen Paknejad, plans to address the country's energy imbalance by focusing on alternative fuels like gas, rather than increasing energy carrier prices.
Head of National Iranian Oil Refining and Distribution Company (NIORDC) Jalil Salari says the country is currently producing over 30 million liters of Euro 4 gasoline and 70 million liters of Euro 5 gasoline on a daily basis.
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.
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.