India's June fuel demand increased by 17.9 per cent YoY

12 Jul 2022 CW Team

India, the third-largest consumer of oil, reportedly increased its gasoline consumption in June by 17.9 per cent from a year earlier as demand began to resemble pre-pandemic levels. Oil prices worldwide have increased due to worries about shortages and disruptions brought on by oil supplier Russia's invasion of Ukraine, but Indian customers have been somewhat protected as Indian refiners have purchased less expensive Russian fuel that the West has avoided. According to sources, the use of fuel, a proxy for oil demand, totaled 18.67 million tonnes.

From May to September 2021, there was a comparatively low demand for diesel and gasoline in India. As a result, sources have allegedly stated that the 18 per cent growth is from a lower base; but, additional pent-up demand may cause a rebound to pre-pandemic levels in the coming months. Although some demand destruction cannot be ruled out, the purchasing power of India's middle class is reportedly observed to be rising in spite of recent spikes in food and energy prices.

Infrastructure Urban

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..