Demand for total petroleum products — including diesel, gasoline and jet fuel — slid 10.8% from a year earlier, the first annual contraction in data going back to 1999.
The drop in sales is a reminder that the recovery path for India’s economy, which technically entered a recession last week, will likely be a bumpy one as Covid rages unabated.
Dussehra and Diwali festivals typically increase demand for consumer goods, with more diesel-powered trucks hitting the road to deliver everything from clothes to refrigerators.
While diesel consumption is lagging, petrol sales in September rose for the first time since February on a year-on-year basis as more people opted for own vehicles to commute.
The slump in diesel demand is forcing refineries to operate below capacity, but gasoline sales are back at pre-virus levels with people resorting to personal vehicles.
Overall oil-product consumption including transport fuels in the financial year through March 2021 will be around 90% of last year — the lowest level since 2016.
Bangladesh Foreign Minister AK Abdul Momen said it would help bring both sides even closer and further take the 'rock solid' bilateral relations to new heights.
Audience data shows there are now more fans outside South Korea than at home. Like hip hop, there’s no reason why K-Pop can’t have a similarly inclusive trajectory while staying true to its core.
Research paper, however, finds lowest indebtedness level among Muslims at 12.3% & highest among Hindus at 14.9%. Overall national financial inclusion level at 87.2%, indebtedness at 14.7%.
Fresh details of operation conducted by IAF, Army have come out in gazette notification giving citations of those who were awarded Vir Chakra for their bravery.
On 21 Oct, a buzz went up that the govt had released full list of gallantry award recipients along with Op Sindoor citations. I put an AI caddy on the job. It took me into a never-ending rabbit hole.
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