Oil & gas
India cuts petrol, diesel prices to offset oil rise, rupee losses
04 Oct 2018
With a similar cut by BJP-ruled states of Maharashtra, Gujarat, Uttar Pradesh, Tripura, Jharkhand, Chattisgarh, Madhya Pradesh and Himachal Pradesh the effective reduction in the price of petrol and diesel in these states stands at Rs5 per litre
Without curbs India's oil demand seen hitting 500 mtpa by 2040
25 Sep 2018
A spike in demand to 10 bpd a month could push up India’s oil import bill to about $27 billion (at current prices) a month and to about $34 billion a month at $100 per barrel
