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Mint Profile picture
@livemint
Apr 14 • 7 tweets • 7 min read Twitter logo Read on Twitter
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#MintPrimer | Demand for refined #petroleum products hit a record in FY23, led by transportation fuel.

The Petroleum Planning & Analysis Cell (PPAC) said consumption reached 222.30 million tonnes in the last fiscal.

Mint explains this spike: livemint.com/industry/energ… Image
#MintPrimer | The 222.30 million tonnes of petroleum products consumed in FY23 was 10.2% higher than the year before. The previous record for consumption came in FY20 at 214.13 million tonnes.

Read here: livemint.com/industry/energ… Image
#MintPrimer | The increase in consumption of #petrol, #diesel & jet fuel during FY23 came on the back of growth in industrial activity & travel.

These activities recovered after slowing down in the previous two fiscals because of the pandemic.

Read here: livemint.com/industry/energ… Image
#MintPrimer | India consumed 222.30 million tonnes of petroleum in FY23 which was 10.2% higher than the year before.

The consumption is projected to rise even further.

Read here: livemint.com/industry/energ… Image
#MintPrimer | According to provisional trade data released by the commerce ministry on Wednesday, India’s import of #crudeoil and #petroleum products rose 29.5% to $209.57 billion in FY23.

Read here: livemint.com/industry/energ… Image
#MintPrimer | According to PPAC projections, the demand is likely to set a new record in FY24, nearly 5% higher compared to FY23.

Read here: livemint.com/industry/energ… Image
#MintPrimer | Increase in petroleum product demand boosted refining margins of #oil marketing companies (OMCs).

According to PPAC, in April-December, major state-run refiners at least doubled their gross refining margins.

Read here: livemint.com/industry/energ… Image

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More from @livemint

Mint Profile picture
Apr 14
#MintLongStory | Indians have taken a liking to made-in-India single malts. But brands are struggling with supply and taxation troubles.

(@sayantanbera writes)

Read here: livemint.com/news/india/ind… Image
#MintLongStory | The global market held a promise beyond the over-regulated, complex and heavily taxed domestic market in India. The international accolades, in turn, helped shore up domestic sales.

Read here: livemint.com/news/india/ind… Image
#MintLongStory | About a fourth of the 475,000 cases of single malt consumed within India now comprise home-grown brands, according to estimates from the Confederation of Indian Alcoholic Beverage Companies.

Read here: livemint.com/news/india/ind… Image
Read 4 tweets
Mint Profile picture
Apr 14
#MintPlainFacts | Every Friday, Plain Facts publishes a compilation of data-based insights, complete with easy-to-read charts, to help you delve deeper into the stories reported by Mint in the week gone by.

Read here: livemint.com/industry/retai… Image
#MintPlainFacts | India’s retail #inflation eased to a 15-month low of 5.66% in March, data released on Wednesday showed.

This is the first time in three months that inflation has come in below #RBI's upper tolerance limit of 6%.

Read here: livemint.com/industry/retai… Image
#MintPlainFacts | The automobile industry recovered the majority of its lost ground in 2022-23, with sales of retail vehicles jumping by 21%.

Read here: livemint.com/industry/retai…… Image
Read 6 tweets
Mint Profile picture
Apr 14
🗞 In Mint today:

🚗 Should you buy a car or continue with Uber?

📡 Comcast makes a big bet in India

🥃 India's burgeoning single malt industry

⛽️ What's behind the surge in demand for petrol?

❄️ Startup funding winter shows signs of easing

🧵👇
What makes more financial sense — buying a new car, or continuing to rely on ride-hailing services for cabs such as Uber, Ola, and Rapido? @rohatgi_akshat and @ActusDei did the math so do you don't have to:
livemint.com/money/personal…
Comcast, the world's second-largest broadcasting company in the world, has finally arrived on the Indian shores with a $200 million investment. @gaurav_laghate's news break:
livemint.com/companies/news…
Read 6 tweets
Mint Profile picture
Apr 13
#MintPrimer | Tamil Nadu has banned online #gambling, rekindling a campaign against #gaming firms in India that has raged for over a year-and-a-half.

Mint explains the controversy: livemint.com/companies/news… Image
#MintPrimer | After much back-and-forth the #TamilNadu Prohibition of Online Gambling and Regulation of Online Games Ordinance was passed on 10 April.

The bill seeks to prohibit online gambling, its promotion through advertising, and more.

Read here: livemint.com/companies/news… Image
#MintPrimer | Since India’s constitution says that a Supreme Court ruling becomes law of the land, gaming firms argue that the Tamil Nadu ordinance runs against the constitution.

Read here: livemint.com/companies/news… Image
Read 6 tweets
Mint Profile picture
Apr 13
#MintPlainFacts | A Mint analysis of 320 #startups pitched on the show examines to what extent they reflect the reality of India’s entrepreneurial landscape.

Read here: livemint.com/companies/star… Image
#MintPlainFacts | Over 40% of the pitches have been in the fast-moving consumer goods (#FMCG) space, and 18% in beauty and fashion, the analysis showed.

Read here: livemint.com/companies/star… Image
#MintPlainFacts | “Sharks" are the panel of investors the #startup teams need to woo to get money their way. Half of all pitches came from founders from just four cities—Mumbai, Delhi, Bengaluru & Pune.

Read here: livemint.com/companies/star…… Image
Read 6 tweets
Mint Profile picture
Apr 13
#MintLongStory | Psychotherapists play a critical role in helping people overcome their mental issues.

Lack of regulation apart, counselling psychology has no standard curriculum & training varies from college to college.

Read here: livemint.com/news/india/ind… Image
#MintLongStory | Almost a decade ago, in 2015-16, a National Mental Health Survey estimated that 13.7% of Indians aged 18 years or above — roughly 150 million people — suffered from common to severe mental disorders at some point in their life.

Read here: livemint.com/news/india/ind… Image
#MintLongStory | While there is no official estimate of the number of counselling psychologists or counsellors practicing in India, it is likely several times higher than that of clinical psychologists, who are few in number.

Read here: livemint.com/news/india/ind… Image
Read 4 tweets

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