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Lower fuel demand during second wave to squeeze OMC margins - The Hindu BusinessLine

Lower fuel demand during second wave to squeeze OMC margins April 23, 2021 The domestic consumption of diesel, petrol fell 12% and 7% respectively on a yoy basis - istock.com/virojt The domestic consumption of diesel, petrol fell 12% and 7% respectively on a yoy basis - istock.com/virojt× Refiners have also been diverting a share of the oxygen that they produce to hospitals The demand for diesel, petrol and aviation turbine fuel are all set to fall in April putting pressure on the gross refining margins (GRMs) of oil marketing companies (OMCs). “Refinery throughputs will be down as a result of the fall in demand. This will drive up the per-barrel processing cost and impact GRMs of the refiners,” said Prashant Vasisht, Vice President and Co-Head, Corporate Ratings at ICRA Ltd.

Madan sabnavisPrashant vasishtReliance industries ltdBharat petroleum corporation ltdIndian oil panipatPetroleum planningIndian oil corporation ltdVice presidentCorporate ratingsChief economistPetroleum corporation ltdIndustries ltdபிரஷண்ட் வாசிஷ்த்நம்பகத்தன்மை தொழில்கள் லிமிடெட்பாரத் பெட்ரோலியம் நிறுவனம் லிமிடெட்இந்தியன் எண்ணெய் பானிபட்

India saved over Rs 30,000 cr despite rising petro product imports in FY21

India saved over Rs 30,000 cr despite rising petro product imports in FY21
business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.

Saudi arabiaPrashant vasishtPradhan mantri ujjwala yojanaDebasish mishraPetroleum gasUnion budgetLiquefied petroleum gasLiquefied natural gasVice presidentCorporate ratingsசவுதி அரேபியாபிரஷண்ட் வாசிஷ்த்ப்ர்யாட்ஹந் மந்திரி உஜ்ஜுவளா யோஜனாசெயலிழப்பு மிஸ்ராபெட்ரோலியம் வாயுதொழிற்சங்கம் பட்ஜெட்

Travel News - Second wave of Covid-19 to delay recovery of domestic passenger traffic at Indian airports: ICRA

Second wave of Covid-19 to delay recovery of domestic passenger traffic at Indian airports: ICRA By TBM Staff | Mumbai Post resumption of airport operations from May 25, 2020, the ramp up in domestic passenger traffic had been steadily reaching 64% of previous year levels in February 2021. Considering similar trend, domestic traffic was expected to grow at 125% in FY2022 after an estimated de-growth of 61% in FY2021. However, the recent spike in the Covid-19 cases towards March end and early April 2021 has resulted in several state governments implementing fresh restrictions. In addition to the passengers being apprehensive for air travel, domestic airports are mandating negative covid-19 test reports for travel and imposing mandatory home quarantine measures, which will adversely impact the passenger traffic in April 2021. The fresh restrictions in turn will have an adverse bearing on airport operators cash flows and de

Shubham jainSenior vice presidentCorporate ratingsTravelbiz monitorIndian tourism newsTourist destination newsTravel eventsTravel and tourism newsAviation newsDomestic passenger trafficIndian airportsAirport operatorsShubham jainசுபம் ஜெயின்மூத்தவர் துணை ப்ரெஸிடெஂட்பெருநிறுவன ரேடிஂக்ஸ்

Covid spike to delay domestic air passenger traffic recovery: ICRA

Covid spike to delay domestic air passenger traffic recovery: ICRA
prokerala.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prokerala.com Daily Mail and Mail on Sunday newspapers.

New delhiShubham jainSenior vice presidentCorporate ratingsபுதியது டெல்ஹிசுபம் ஜெயின்மூத்தவர் துணை ப்ரெஸிடெஂட்பெருநிறுவன ரேடிஂக்ஸ்

Spike in Covid-19 cases to delay recovery in air passenger traffic: Report

Spike in Covid-19 cases to delay recovery in air passenger traffic: Report
business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.

Shubham jainCorporate ratingsசுபம் ஜெயின்பெருநிறுவன ரேடிஂக்ஸ்