The government will begin to move barrels into the market in mid- to late-December
Gasoline sales at 2.48 million tonnes rose by 3.93% from a year earlier
Gasoline sales at 2.48 million tonnes rose by 3.93% from a year earlier, the data showed.
Goldman Sachs estimated that as much as 44% of China's industrial activity has been hit by the power shortages.
Oil prices eased on Thursday on China's plan to release state oil reserves to reduce pressure on domestic refiners and a smaller than expected US weekly crude draw
Annual passenger vehicle sales in India rose by 45% to 264,442 units in July, driven by pent-up demand, according to data from the Society of Indian Automobile Manufacturers.
Consumption of fuel, a proxy for oil demand, totalled 16.83 million tonnes, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed
Sales of gasoline rose to 1.03 million tonnes in the first fortnight of July, a jump of about 3.44% over the corresponding 2019 period, preliminary industry data showed on Friday
NEW YORK (Reuters) -Oil prices rose on Thursday, rebounding from early losses after U.S. government data showed a much bigger drop than expected in crude and gasoline inventories.
Stockpiles of light distillates in the distribution hub of Singapore suggest growing oversupply.
About 10 billion liters of ethanol will be required each year to meet the 20% ethanol-blended fuel standard by 2025, India's Oil Secretary Tarun Kapoor
The government will bring forward to 2023 from 2025 the possibility of fuel companies selling gasoline containing up to 20% of ethanol (E20)
The tankers, booked by Marathon Petroleum, Valero Energy, Phillips 66 and PBF Energy, can hold around 350,000 tonnes of fuel
Pipelines are a growing concern because they play a central role in so many parts of the US economy
Oil prices fell on Thursday as gasoline inventories in the US, the world's largest oil consumer, rose for a fifth consecutive week although a draw in crude stockpiles helped to underpin prices
Indian state retailers' gasoline and gas oil sales in March rose by 27.4% and 28.6%, respectively, from the low base of last year, when a lockdown to stem the spread of the coronavirus hit consumption
Last year the government had set a target of reaching 10% ethanol-blending by 2022 - meaning 10% of ethanol mixed with 90% of gasoline - and 20% by 2030
Sales of gasoil, which account for about two-fifths of India's fuel demand, rose 27.5% from September.
Sales of gasoline, or petrol, rose by 3.3% from a year earlier to 2.45 million tonnes
Global gasoline and diesel demand is expected to return to pre-pandemic levels by 2021-end, although a resurgence in Covid-19 cases would keep consumption fluctuating, several industry executives said