Fuelinfo: Price Revision 📊

16.09.2024 📆

- FO: 48420 (-2550) ⬇️

- HVFO: 43290 (-2620) ⬇️

- LSHS: 52520 (-2550) ⬇️

- LDO: 56820 (-3180) ⬇️

- Hexane: 97400 (-1500) ⬇️

- Bulk-Bitumen:

    - 80/100: VG10: 39160 (-1580) ⬇️

    - 60/70: VG30: 39460 (-1580) ⬇️

    - 30/40: VG40: 41940 (-1810) ⬇️

- Ex-Mumbai 📍

Fuelinfo: Alert: Indian diesel sales dropped while petrol consumption remained steady in May so far*Govt cuts windfall tax on domestic petroleum crude to Rs 5700pmt from Rs 8400pmt*Saudi Aramco allocates initial funding of $150bn to enter into Indian petroleum market*GAIL reports increase in net profit to Rs 2469cr in Q4 of FY2023-24 against Rs 634cr*NRL signs MoU with IFFCO to supply 70000mt/year Sulphur to use it in fertilizer plant*India shows interest in 5th oil & gas licencing of petroleum exploration blocks in Tanzania*Supreme Court allows NHAI to continue work on exempted linear infra-road projects*NHAI gets 164 insurance bonds for road projects towards performance & bid security*WTI Crd $79.35 Multi

Fuelinfo: Alert: Indian diesel sales dropped while petrol consumption remained steady in May so far*Govt cuts windfall tax on domestic petroleum crude to Rs 5700pmt from Rs 8400pmt*Saudi Aramco allocates initial funding of $150bn to enter into Indian petroleum market*GAIL reports increase in net profit to Rs 2469cr in Q4 of FY2023-24 against Rs 634cr*NRL signs MoU with IFFCO to supply 70000mt/year Sulphur to use it in fertilizer plant*India shows interest in 5th oil & gas licencing of petroleum exploration blocks in Tanzania*Supreme Court allows NHAI to continue work on exempted linear infra-road projects*NHAI gets 164 insurance bonds for road projects towards performance & bid security*WTI Crd $79.35 Multi

Fuelinfo: Price Revision: 16.05.2024 :  

FO: 55070 (+ 990)

LSHS: 59170 (+ 990)

LDO: 62860 (- 2100)

Hexane: 96500 (- 600)

Bulk-Bitumen 80/100: VG10: 41920  (- 360)

Bulk-Bitumen 60/70 : VG30 : 42220  (- 360)

Bulk-Bitumen  30/40 : VG40 : 44690 (- 410)

Ex-Mumbai. Multi

📰 Here's the latest fuel industry news! 🛢

1. *HPCL* reports a 25% drop in net profit to Rs 2709cr in Q4 due to lower refining margins. 😔

2. *BPCL* shows a 30% drop in net profit to Rs 4789cr in Q4 of FY2023-24. 😞

3. *GSPL* records a 16.4% jump in profit after tax in Q4 of FY2023-24 against the previous year! 📈

4. *Tata Power* indicates revenue of Rs 61542cr for the financial year 2023-24. 💰

5. Indian diesel & petrol exports drop by 20%, amounting to $33bn in fiscal year 2023-24. 📉

6. *Dorf Ketal-DKCI* acquires *Impact Fluid-IFS* to expand its solutions for oil & gas production. 🌍

7. *Akash Construction* secures a Rs 55cr road project at Bolpur-Kankalitala of Birbhum in WB. 🚧

8. *WTI Crude* is at $79.80. 🛢

Alert: RIL resubmits request to US govt for authorization to import crude oil from Venezuela*GAIL Global USA & Kinder Morgan signs MoU to explore energy infra & clean energy*India increases import of crude oil from Russia & decreasing import from other nations*IOCLs subsidiary IOREL plans to develop 1GW renewable energy project in few years*GR Infra completes 4-laning of Galgalia Bahadurganj road project in Bihar*RBI tightens norms for loans to road & port projects for lenders to set aside 5%*WTI Crd $78.52

Alert: Global crude oil may reach $100 per barrel if OPEC+ continues to cut production*Europe becomes top spot for India to export petrol, diesel worth $18.4bn in last fiscal*Adani Group builds world’s largest renewable energy park in Khavda region in Gujarat*CBI registers case against 2 HPCL officers in Rs 5.82cr petroleum products pilferage*GAIL suggests govt to undertake policy changes to double natural gas share by 2030*IOCL-RIL-Tata Motors likely to be primary bidders for govt’s big project on Green Hydrogen*Nav Bharat Trading gets Rs 54cr road project in Fatehpur district of Uttar Pradesh*KNR Construction gets Rs 48cr road project at Tirunelveli-Sengottai-Kollam Road in TN*WTI Crd $85.85

Alert: Govt hikes windfall tax on petroleum crude to Rs 6800pmt from Rs 4900pmt from today*FGE-Singapore predicts global crude oil price may remain at $95/barrel by end of this year*OIL plans to start its 180000bpd Numaligarh refinery in North East of Assam by Dec-25*OIL achieved its all-time high production of crude oil & natural gas in the FY2023-24*India to build 1st commercial crude oil strategic storage of 2.5mn tons at Padur-Karnataka*CNG firms may face threat on adoption of Electric Vehicles across India on large scale*JMBG Construction gets Rs 30cr road project at Nabarangpur-Khatiguda Road in Odisha*MNR Construction Co gets Rs 25cr road project in Pauri Garhwal district of Uttarakhand*WTI Crd $85.23

Alert: BPCL & TCPL ties up to build fast EV charging points for 2 & 3 wheelers*IOCL's new LPG import terminal at Kochi-Kerala inaugurated for steady LPG supply*ONGC discovers 2-back-to-back natural gas reserves in Mahanadi basin in Bay of Bengal*Freight rates of fuel ships may go up as tankers diverted from Red Sea thru longer routes*India gets positive outlook in WEForum on green energy transition & EV market stability*Haryana govt approved critical road infra projects worth Rs 115cr*Nirmal Singh Contractor gets Rs 15cr road project in Sirsa district of Haryana*Udyog & Co gets Rs 41cr road project in Barjora, Bankura district of West Bengal*Crd $72.21 

Alert: Indian import of crude oil from Iraq gone up 13% in Jan*Vedanta looking buyers for natural gas to be produced from Barmer field*NFHS reports still 41% of Indian population uses wood, cow-dung, biomass for cooking*NGEL signs MoU with Maharashtra govt for Green Hydrogen projects*SPSL gets order worth Rs 120cr from BPCL to install 1800 Fast EV Charging stations*TATA-TPREL commissions 1000KW bifacial-2 sided solar system project in West Bengal*L&T-EPC gets project to set up solar power plant in Dubai*Ministries inaugurated 9-road projects worth 2367cr in Jabalpur-MP*IVLR Infra gets Rs 43cr road project at Thiruvannarmalai in TN*RR Infraa Const gets Rs 47cr road project at Kallakurichi in TN*WTI Crd $76.80