Fuel Demand India: Total consumption, a proxy for oil demand, totalled 20.04 million tonnes in January, up from 18.51 million tonnes last year, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed.
Ppac: The data further highlighted that the country s Compressed Natural Gas (CNG) infrastructure has reached a new milestone with the establishment of 6,088 stations.
Pol: The rise in exports was primarily due to an increase in the export of vacuum gas oil (VGO), motor-spirit (MS), and aviation turbine fuel (ATF), data released by the Oil Ministry showed.
Shipments of Russian Sokol crude oil to Indian Oil Corp have been delayed by payment problems, forcing India's biggest refiner to draw from its inventories and buy more oil from the Middle East, two sources familiar with the matter said. IOC is the only state refiner that has an annual deal to buy a variety of Russian grades, including Sokol, from Russian oil major Rosneft.