Roadgrip Bitumen Emulsion (RS 1) in Mathura

India’s crude oil import bill rose by 2.7% in FY25 due to higher demand and reduced Russian crude discounts. Refiners are diversifying sourcing, increasing US oil and LNG imports. Geopolitical tensions, OPEC+ cuts, and price volatility continue to impact costs. Market trends indicate a shift toward energy security and diversification.

Roadgrip Bitumen (VG40) in Mangalore is priced at ₹38,559.32/MT, while Roadgrip Bitumen (VG30) in Mundra is available at ₹38,300/MT. In Chennai, Refinery Bitumen (VG30) is priced at ₹45,352/MT, and Refinery Bitumen (VG40) is listed at ₹48,152/MT.

India's zero-tax policy for foreign crude oil suppliers is set to enhance competition and supply security. BPCL secures a major deal with Petrobras, expanding India's crude sourcing. Meanwhile, Russian oil flows to Asia are shifting, and India's trade deficit narrowed in January. Experts see these changes reshaping India's energy landscape.

Bitumen prices are seeing significant fluctuations, with Roadgrip Bitumen (VG30) priced between ₹38,300 and ₹42,420 per metric ton across different Indian regions. The market is experiencing mixed demand trends, influenced by geopolitical events and seasonal slowdowns, particularly in northern India due to winter conditions. The global crude oil market dipped following President Trump's announcement to increase U.S. oil production.

Bitumen prices in India fluctuate due to geopolitical tensions and supply chain disruptions. Despite the ongoing demand from infrastructure projects, delays in government funding, and international supply challenges are affecting pricing and availability. Industry experts predict moderate growth in demand for 2025, but risks remain, including the potential impact of geopolitical sanctions on key suppliers.

Bitumen prices across grades are influenced by rising crude oil costs driven by seasonal heating demand and increased consumption in China. In India, bitumen prices show slight variations due to currency fluctuations and strong competition among regional suppliers.

Oil prices rose for the fourth consecutive week due to tightening global supply, US sanctions on Russian oil, and increased demand from extreme winter conditions. OPEC+ production cuts and declining US crude inventories further supported the upward trend. However, declining demand from China and increased non-OPEC production continue to counterbalance these factors, resulting in expected price volatility.

Crude oil prices have hit a 3-month-high, fueled by new US sanctions on Russia targeting its oil exports. Brent crude surpassed $81 per barrel, while WTI reached $78.03. These sanctions are expected to impact global oil supply, pushing nations like India and China to rely more on OPEC+ and US suppliers. Experts predict Brent prices may rise above $85 if Russian output drops further.

Crude oil prices rose as the U.S. avoided a government shutdown, boosting demand sentiment. A lower-than-expected inflation gauge fueled hopes of future rate cuts, while fears of a U.S.-EU trade war lingered. The resumption of Druzhba pipeline shipments eased European supply concerns.