Friday, November 27, 2020
No menu items!

Indian Oil Seeks Petrol After BPCL’s Post-Hiatus Purchase – carandbike

Must Read

Father of Indian IT Industry, FC Kohli, Passes Away at 96: How He Took India to the World

Faqir Chand Kohli, broadly thought to be the father of India's info expertise business, handed away yesterday, aged...

Pakistan Cabinet approves chemical castration of rapists; Special Courts for rape trials

According to Law Minister Farogh Naseem, it's obligatory below the worldwide regulation to take consent of the convict...

Business Live: Shares flat ahead of GDP knowledge; SBI says GDP likely contracted 10.7% in Q2

The benchmark inventory indices opened the day on a  flat word after yesterday's robust positive factors as traders...


Coronavirus lockdowns worn out many of the demand earlier this yr, with India’s August 2020 gasoline imports seen at 30,000 tonnes

Indian Oil Corp (IOC) is looking for gasoline, a young doc confirmed, making it the second refiner from the nation seeking to plug a spot brought on by low crude runs to curb inflating provides of diesel and jet gas, trade sources mentioned. IOC, which doesn’t sometimes touch upon its spot offers, is seeking to import 30,000 tonnes of gasoline for October 10-11 arrival at Chennai and Kochi via a young closing on September 29.

This comes after Bharat Petroleum Corp Ltd purchased gasoline from an oil main final week for October 7-11 arrival at Kandla, its first buy this yr. India went on a shopping for spree in 2019 as refineries upgraded to provide cleaner fuels, inflicting the nation’s month-to-month gasoline imports to hit an all-time excessive of about 410,000 tonnes in September final yr, official information confirmed.

7kjcb764

Indian refiners are underneath stress to maintain output low on account of persistent weak demand 

However, coronavirus lockdowns worn out many of the demand earlier this yr, with India’s August 2020 gasoline imports seen at 30,000 tonnes. “Indian demand for gasoline is (now) super strong. Current (refinery) runs are not adequate and will require some cargoes to be imported in October,” mentioned one of many sources.

But Indian refiners are underneath stress to maintain output low on account of persistent weak demand and dangerous refining margins for diesel and jet gas, the supply added.

(This story has not been edited by NDTV workers and is auto-generated from a syndicated feed.)

0 Comments

For the newest auto information and critiques, comply with carandbike.com on Twitter, Facebook, and subscribe to our YouTube channel.





Source link

Latest News

Father of Indian IT Industry, FC Kohli, Passes Away at 96: How He Took India to the World

Faqir Chand Kohli, broadly thought to be the father of India's info expertise business, handed away yesterday, aged...

Pakistan Cabinet approves chemical castration of rapists; Special Courts for rape trials

According to Law Minister Farogh Naseem, it's obligatory below the worldwide regulation to take consent of the convict earlier than castrating him Pakistan’s Cabinet...

Business Live: Shares flat ahead of GDP knowledge; SBI says GDP likely contracted 10.7% in Q2

The benchmark inventory indices opened the day on a  flat word after yesterday's robust positive factors as traders look in direction of the...

SC extends Rajiv Gandhi assassination case convict Perarivalan’s parole by a week

An interlocutory software was filed by the petitioner looking for extension of parole by 90 days on floor of ailment and wish for...

Aaron Finch becomes 2nd fastest Australian to score 5,000 ODI runs

Aaron Finch on Friday grew to become the second fastest Australian batsman to score 5,000 runs in One-Day Internationals (ODIs). He achieved the...

More Articles Like This