Global gas demand to decline 2022: Gazprom
According to preliminary long-term predictions, world gas consumption would increase by 20% over the next 20 years.
According to preliminary long-term predictions, world gas consumption would increase by 20% over the next 20 years.
Any increase in crude oil or international product prices without a commensurate increase in net realised prices for the Indian refiners will further weaken their earnings and cash flow outlook
In the national capital, petrol price was hiked to Rs 76.26 per litre from Rs 75.78, while diesel rates were increased to Rs 74.26 a litre from Rs 74.03.
Brent crude oil also has declined on the Intercontinental Exchange (ICE) is at $30.83 per barrel, lower by 0.45 per cent or 0.14 cents from its previous close.
OPEC and its allies led by Russia agreed to reduce output by 9.7 million barrels per day (bpd) for May and June.
The deal and its announcement came after Russia and Saudi Arabia ended their oil price war to control the plunging oil prices.
The government has hiked excise duty on petrol and diesel by Rs 3 per litre on Saturday.
The losses could have been steeper but for a decline in international crude oil price, and as financials held on to gains.
Congress in-charge for Himachal Pradesh Rajni Patil said that to bring down petrol and diesel prices in Congress-ruled states, efforts will be made to cancel VAT and also pressure will be exercised on BJP ruled states to follow suit.
With global crude oil prices again trending upwards and trading above $64 per barrel, Petroleum Minister Dharmendra Pradhan on Thursday hinted…
