Page 2 - Fuel Imports
Sri Lanka's economic crisis deepens; cabinet ministers offer to resign
The debt-laden country is struggling to pay for imports of fuel and other essentials due to a severe shortage of foreign currency
 "Sri Lanka's economic crisis deepens; cabinet ministers offer to resign")
US officials eye fuel supply for commercial advanced nuclear reactors
The development of commercial advanced nuclear reactors will need a better supply of the right type of nuclear fuel, U.S. officials said
 "US officials eye fuel supply for commercial advanced nuclear reactors")
China so far non-committal to Washington's oil release, OPEC+ unmoved
US plans to release millions of barrels of oil from strategic reserves in coordination with other large consuming nations, including China, Japan and India.
 "China so far non-committal to Washington's oil release, OPEC+ unmoved")
India needs to reduce dependence on import of crude oil: Nitin Gadkari
"Situation of state-run Discoms are very bad and are running on losses. In power, their principle is 'more generation, more losses, no generation, no losses', Gadkari said.
 "India needs to reduce dependence on import of crude oil: Nitin Gadkari")
Current account comes under pressure from oil, gold and coal imports
However, current account deficit won't be unmanageable as was the case in 2011-13, say experts
 "Current account comes under pressure from oil, gold and coal imports")
Diesel crosses Rs 100 in MP; Sikkim latest state to have petrol at Rs 100
Petrol has crossed Rs 100 a litre mark in Mumbai, Chennai, Bengaluru, Hyderabad and Pune.
 "Diesel crosses Rs 100 in MP; Sikkim latest state to have petrol at Rs 100")
UN says Hamas-run Gaza strip will again receive Qatar-funded fuel
Shipments of Qatari-funded fuel into the Gaza Strip will resume for the first time since last month's 11-day war between Israel and Gaza's militant Hamas rulers, the UN envoy to the Mideast said
 "UN says Hamas-run Gaza strip will again receive Qatar-funded fuel")
Oiling the recovery
Private players struggle against excessive regulation. The result is loss of investment and employment opportunities in India
 "Oiling the recovery")
Coal India aims to substitute 80-85 million tonne of imported fuel in FY'21
State-run Coal India is aiming at substituting imported dry fuel of 80-85 million tonne with more domestic supplies in the current fiscal, an official said
 "Coal India aims to substitute 80-85 million tonne of imported fuel in FY'21")
Fuel demand climbs for 3rd straight month in November over renewed activity
Diesel consumption, a key parameter linked to economic growth and which accounts for about 40% of overall refined fuel sales in India, edged up 0.6% month-on-month
 "Fuel demand climbs for 3rd straight month in November over renewed activity")
Fighting fuel dependence
India has to think strategically to ensure macro stability
 "Fighting fuel dependence")
