Sanjeev Choudhary is a Correspondent at The Economic Times. He specializes in areas such as energy, mining, finance, and supply chain logistics, providing in-depth coverage on commodities and futures. Sanjeev's work has been featured in prominent publications, including The Economic Times, BioRxiv, and MSN.
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India (National)
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Sanjeev Choudhary's reporting focuses on the oil and gas industry, fuel imports, energy consumption, and related economic topics in India. His articles frequently cite data and government announcements to support his coverage.
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By: Sanjeev Choudhary
West Asia War: Oil companies face a 30-50% drop in diesel sales to bulk customers. Large buyers are now purchasing fuel from retail pumps where prices are about ₹50 per litre cheaper. This shift is extending losses for oil marketing companies. State transport corporations are exempt from these higher bulk prices. The price gap is significant, prompting many customers to seek cheaper options.
By: Sanjeev Choudhary Sanjeev Choudhary
The gap between retail and bulk prices is too large for many customers to ignore, as lower energy costs can directly boost margins, said a person familiar with the matter.
By: Sanjeev Choudhary
Oil prices are soaring, pushing the government to consider raising fuel costs. State-run companies are facing significant losses due to the sharp increase in crude oil. While elections are over, a decision on price hikes remains pending. Consumers have seen stable prices so far, but this situation may not last.
Pressure is mounting on the government to raise pump prices after crude surged past $126 a barrel on Thursday, a spike that will further widen losses at state-run oil marketing companies (OMCs) reeling from the effects of the Gulf war.
India's crude oil stocks have fallen 15% since the Iran conflict began in end-February as refiners moved to maintain processing rates amid declining imports, according to estimates by commodities data and analytics firm Kpler.
By: Sanjeev Choudhary
India's crude oil stocks have dropped 15% since late February due to declining imports amid the Iran conflict. Refiners are drawing from inventories to maintain processing rates, but sustained supply constraints may soon necessitate reduced operations, potentially explaining the call for fuel conservation.
By: Sanjeev Choudhary
Private fuel sellers Nayara Energy and Shell saw sales drop significantly in April. They increased prices after the Iran war began. Consumers shifted to state-run companies that kept prices steady. This caused market share losses for Nayara and Shell. RIL-BP however reported strong sales growth. Localized fuel shortages occurred as demand moved to neighboring stations.
India's crude oil imports see a significant shift this May. Venezuela has become the third-largest supplier, surpassing Saudi Arabia and the US. This surge is due to Indian refiners, like Reliance Industries, buying more of Venezuela's cost-effective, heavy crude. Overall imports are up, though still below pre-Iran war levels. Supplies from Saudi Arabia have decreased.
Venezuela has emerged as India's third-largest crude oil supplier so far in May, overtaking heavyweights Saudi Arabia and the US, and trailing only Russia and the United Arab Emirates, as Reliance Industries and other refiners stepped up purchases of its cheaper, heavier grades.
By: Sanjeev Choudhary
LPG supplies saw a sharp drop in April. Households and businesses received less fuel. Industries faced an 82% reduction, prompting a shift to alternatives. Vehicle fuel supplies increased. Overall LPG sales fell 13%, with northern India experiencing the steepest decline. This situation arose from disruptions in fuel imports.
