US strikes on a Yemeni fuel port killed at least 74 people, Huthi rebels said Friday, in the deadliest attack of Washington's campaign against the Iran-backed group. The attack sparked protests in rebel-held areas on Friday.
India is considering establishing a regulatory authority to oversee the nuclear fuel supply chain and waste management, aiming to prevent misuse as the nation expands its nuclear energy capacity. Amendments to the Atomic Energy Act are underway to facilitate private sector participation while ensuring stringent oversight of fuel import, utilization, and disposal, aligning with global safety standards.
The Trump administration has proposed sweeping changes to NOAA’s mission, aiming to eliminate its climate research efforts and redirect focus toward US fossil fuel development. A leaked OMB budget memo outlines plans to dissolve key climate-related offices, slash funding, and shift conservation duties to other agencies—prompting concern among scientists and former NOAA officials about long-term environmental consequences.
Reliance Industries (RIL) and its British partner BP boosted their share in the domestic aviation turbine fuel (ATF) market by 2.5 percentage points, spurred by a 62% sales growth in the just-ended fiscal year. RIL-BP's market share rose to 7.5% in 2024-25 from 5% in previous year, according to industry data.
U.S. airstrikes on the Ras Isa fuel port in Yemen resulted in at least 38 deaths and 102 injuries, according to Houthi media. The U.S. military stated the strikes aimed to weaken the Houthis' economic power, who have been attacking Red Sea shipping since November in protest of the war in Gaza.
The Congress party is demanding a special Parliament session to address rising inflation, criticizing the Centre's excise duty hikes on petrol and diesel, along with increased LPG cylinder prices. Alka Lamba, head of the party's women's wing, urged immediate price reductions for essential commodities and a relief package for women and the poor.
Following a tragic bus accident that killed two students, the Jammu and Kashmir government has banned school and college picnics on weekends and holidays. Education Minister Sakeena Itoo has mandated CCTV cameras and fire safety equipment in school buses. Drives against traffic violations will be launched, and parents will be held responsible for reckless driving by minors.
Despite rumors fueled by helicopter rides and a Valentine's Day dinner, Tom Cruise and Ana de Armas are reportedly not dating. Sources indicate their meetings are centered around discussing potential collaborations on future projects. De Armas is currently in a relationship with Manuel Anido Cuesta, further dispelling the romantic speculation surrounding her and Cruise.
SpiceJet CMD Ajay Singh urges government-industry collaboration to boost sustainable aviation fuel (SAF) production, crucial for emission reduction. He proposes locating SAF refineries near airports to cut transportation costs and integrating SAF production into existing oil refineries. Singh emphasizes the need for significant incentives and logistical support to scale up SAF production from 0.
Government hikes excise duty on petrol, diesel and LPG prices amid falling international crude oil prices
The European Commission is set to unveil its detailed strategy for phasing out Russian oil and gas imports on May 6th, following previous delays. While pipeline gas deliveries have decreased since 2022, the EU's reliance on Russian LNG persists, with some nations hesitant to impose sanctions without securing alternative supplies. Increased LNG purchases from the U.S.
India's Wholesale Price Index (WPI) inflation is projected to decrease to 2.1% in March 2025, according to a Union Bank of India report. This moderation is primarily attributed to a seasonal drop in food prices, particularly vegetables. While edible oil and sugar prices saw slight increases, declining fuel costs are expected to contribute to the overall easing of WPI.
Struggling to fall asleep because your mind won’t stop racing? A doctor on TikTok has gone viral for sharing the ‘Infinity Tracing Technique’—a curious yet calming trick designed to lull overactive brains into rest. It involves nothing more than a finger, your eyes, and a little bedtime magic. Here’s how it works—and why it might just help you sleep faster tonight.
The amount of plastic being recycled around the world is stagnant at less than 10 percent with most new plastic still made from fossil fuels, a new study said Thursday. The rest was produced from fossil fuels, predominantly oil and gas, demonstrating "little progress" in addressing environmental concerns related to plastics production.
According to industry data, private players grew both their combined domestic diesel and petrol retail sales by 19.7% year-on-year in FY25. By comparison, state-run companies' combined diesel sales dropped by 0.6%, while petrol grew by 6.4%. The overall sales growth for private and public retailers combined was 7.5% in petrol and 1.2% in diesel.
Member states of the International Maritime Organization have voted in favour of a global pricing system to help curb maritime carbon emissions, the UN shipping body announced Friday. A majority of members -- 63 states -- voted for the carbon pricing system, including the European Union, Brazil, China, India and Japan.
Nitin Gadkari announced that the Ministry of Road Transport and Highways has started hydrogen vehicle pilot projects. These projects include buses and trucks. The initiative is part of the National Green Hydrogen Mission. Testing will occur on ten routes across India. Major companies like TATA Motors and Reliance are involved. The government has allocated Rs 208 crore for this initiative.
The Congress party has criticized the government's decision to raise excise duty on petrol and diesel by ₹2 per litre. Rahul Gandhi and Mallikarjun Kharge accused the Modi government of exploiting citizens already burdened by inflation, despite a significant drop in international crude oil prices since 2014.
Karnataka's Deputy CM Shivakumar has advised BJP leaders to direct their 'Jan Akrosh Yatra' against the central BJP government, citing its role in petrol, diesel, and gas price hikes. This comes after the Karnataka BJP announced protests against state price increases and new taxes. BJP leader R Ashoka has accused CM Siddaramaiah of corruption and criticized rising liquor prices.
The government has increased excise duty on petrol and diesel by Rs 2 per litre to boost revenues despite falling global crude prices. This move aims to offset the financial impact of recent tax cuts and windfall tax reliefs. India's oil minister suggests potential future fuel price reductions if low crude prices persist.
The Union government has raised the excise duty on petrol and diesel by ₹2 per litre, effective April 8, 2025, to boost revenue. Congress President Mallikarjun Kharge criticized the move, citing declining crude oil prices. The Oil Ministry assured this hike won't impact consumers due to recent retail price cuts. Major oil marketing company shares fell following the announcement.
Chief Minister Siddaramaiah criticized the BJP's protest campaign, coinciding with a central excise duty hike on petrol and diesel. He accused Prime Minister Modi of exposing the BJP's hypocrisy and blamed the Union Government's economic policies for rising fuel prices. Siddaramaiah challenged BJP leaders to address the price hikes or face public anger, highlighting the impact on essential goods.
Delhi's upcoming EV Policy 2.0 proposes phasing out CNG autorickshaws, with no new registrations after August 15th. Existing CNG permits won't be renewed, replaced by e-auto permits. The policy targets fossil fuel vehicles used for waste management and city buses, mandating a complete electric transition by 2027.
Global crude oil prices continued their downward descent on Monday with Brent prices ruling at $63.23 per barrel in early afternoon (India time), a decline of over 3%
The special additional excise duty on petrol and diesel has been raised by ₹2 each to ₹13 and ₹10, respectively, to offset global price drops and help recover oil PSU losses, potentially yielding ₹32,000 crore annually
Dividends declared by operating CPSEs in FY 2023-24 stood at ₹1.23 lakh crore against ₹1.05 lakh crore in FY 2022-23, showing an increase of over 16%
Oil Minister Hardeep Singh Puri hinted at a potential reduction in petrol and diesel prices, contingent on global crude prices continuing to stay low. He mentioned that if crude prices remain subdued, consumers could reasonably expect a fuel price cut after a year-long hiatus.
Reliance BP Mobility CEO Harish Mehta stated that the government will continue intervening in domestic fuel pricing to protect consumers from international market fluctuations. While petrol was deregulated in 2010 and diesel in 2014, recent events have disrupted this alignment.
Petrol, diesel, jet fuel, and LPG sales in March 2024 grew at a slower pace compared to the full year, with petrol seeing a 5.3% rise and diesel at 0.9%. Full year growth for petrol was 7.3% and 2% for diesel. Jet fuel and LPG also showed moderated increases.
President Trump's administration is terminating grants for two clean energy projects and reviewing roughly 300 others, prioritizing fossil fuels over renewable energy. The Department of Energy states the awards do not align with the administration's objectives, impacting efforts to reduce greenhouse gas emissions and transition to cleaner energy sources.