Long-distance buses in India will have to be powered by electricity in the long-term, the panel said, adding that gas can be used as a transition fuel for 10-15 years.
Total petroleum demand rose 2.7% year-on-year in October, reaching 17.8 million tons. Road fuels reached pre-pandemic levels, but it was demand for naphtha that really soared.
Operation Epic Fury has disrupted and broken down global supply chains, and the tremors are being felt all over the world due to a systemic breakdown of trade, logistics & input flows.
Up to 7-8 million barrels of Venezuelan oil is expected to arrive in India over the next month while US waiver also opens window for stranded Iranian crude oil.
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