So far, the UK government’s response to fuel shortages has consisted of denials and shortsighted fixes. The government needs to look at longer-term solutions.
While use of ethanol has many advantages for India, diverting sugar for its production may be the biggest change for the global sugar industry and could drive a bull market.
Diesel and petrol, which account for more than half of oil consumption in India, are bearing the brunt of localised lockdowns and reflect in around 65% of truck fleet lying idle.
It’s an ominous sign for India, where fuel consumption still hasn’t fully recovered from last year’s national lockdown that saw oil demand fall to the lowest since 2007.
Diesel is the most widely used fuel in India, accounting for 40% of total use, and the agricultural sector is the second-biggest consumer of diesel after transportation.
Demand for diesel, which accounts for around 40% of Indian fuel use in a normal year, rebounded quickly after lockdown was imposed, but recovery has since slowed.
Ammonia, hydrogen, biofuels & electrification are some of the many contenders, but most are only in the trial stage. Owners are running out of time to make the choice.
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.
MoSPI proposes to remove closed factories from IIP sample, aiming for truer picture of India’s industrial health in upcoming 2022–23 base series. Plan open to public feedback until 25 November.
Bihar is blessed with a land more fertile for revolutions than any in India. Why has it fallen so far behind then? Constant obsession with politics is at the root of its destruction.
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