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Consumption of petrol, diesel hits new record in May

The country’s overall petroleum product consumption, a proxy for crude oil demand, rose 9 per cent YoY and 8 per cent MoM in May to 20.03 million tonnes. But it was lower than the record level of 20.50 million tonnes in March this year.

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Crude oil surges as Saudi Arabia extends voluntary cuts in production

Saudi Arabia’s energy ministry said the country will implement an additional voluntary cut of 1 million-barrel-per-day in July, which may be extended.

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GRMs of state-run refineries double on higher oil demand

Retail prices of diesel and petrol have remained flat since November 2022, despite the volatility in the global crude prices.

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Russia oil discount to India shrinks as China sucks supply

India secured discounts of as much as $20 a barrel, which has fallen below $10 and has touched even $5

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UPSC Key- April 25, 2023: Know about Bangalore Principle of Judicial Conduct, Real wage growth, Vishaka guidelines and Female Athletes

Exclusive for Subscribers from Monday to Friday: The Indian Express UPSC Key April 25, 2023, will help you prepare for the Civil Services and other competitive examinations with cues on how to read and understand content from the most authoritative news source in India.

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