Latest Fuel News
Recent fuel, transport, and policy updates presented in a clear and scan-friendly format.
Reliance and Nayara gain diesel market share as state-run oil companies stagnate
Private sector refiners Reliance and Nayara Energy significantly increased their diesel and petrol retail sales in April-December 2024, gaining market share from state-run refiners. RIL-BP and Nayara used aggressive promotions and price discounts to attract customers as state-run refiners maintained stable prices.
Suzuki Motorcycle launches electric scooter e-Access and Flex Fuel GIXXER SF 250. Check price, features, other details
Suzuki Motorcycle India Pvt Ltd launched its first electric scooter, e-Access, at Bharat Mobility Expo 2025. The company also introduced two other models, including the GIXXER SF 250 Flex Fuel. Suzuki emphasized its commitment to electric mobility and carbon neutrality. The new introductions aim to expand Suzuki's presence in the Indian two-wheeler market.
At aviation meeting, ESG takes backseat to jet shortages
The industry's goal of net zero carbon emissions by 2050 faced skepticism amid slow progress in sustainable aviation fuel adoption, regulatory pressure, and potential green policy rollbacks under a Trump presidency.
IndiGo fined Rs 25 lakh over ATF customs duty dispute
IndiGo has been fined Rs 25 lakh by Ludhiana's Joint Commissioner (Customs) over a customs dispute involving unconsumed Aviation Turbine Fuel. The company disclosed the penalty, stating no material impact on its financials or operations and intends to challenge the order legally. IndiGo’s firm stance involves taking appropriate legal measures against the penalty.
India stands as an 'outstanding destination' for investors: PM Modi at Bharat Mobility Global Expo 2025
Prime Minister Narendra Modi highlights India as a prime location for investment in the mobility sector, emphasizing government support for green vehicles and infrastructure development. Sales of electric vehicles have surged, and the auto industry is poised for significant growth. Modi encourages investment, citing the rise of the middle class and a strong automotive market.
Power Finance Corporation signs 120 billion yen loan pact with Japan Bank for International Cooperation
State-owned PFC has signed an agreement with Japan Bank for International Cooperation (JBIC) for a 120 billion Japanese yen loan facility to finance renewable energy projects. This largest green financing deal by JBIC in India aims to support the nation's transition to non-fossil-fuel-based energy sources.
Govt may give Rs 35,000 crore LPG subsidy to IOC, BPCL, HPCL
The government plans to grant a Rs 35,000 crore subsidy to IOC, BPCL, and HPCL to cover losses from selling domestic LPG at unchanged prices despite rising costs. The subsidy will be dispensed over two years, starting with Rs 10,000 crore in the current fiscal year.
Oil prices extend losses on rising U.S. fuel inventories
Oil prices fell further due to a significant increase in U.S. fuel inventories, with Brent crude and West Texas Intermediate both dropping by 0.4%. Despite the drop, concerns over tighter supplies from OPEC and Russia limited further declines. Market dynamics are influenced by winter demand and potential changes in U.S. policies with the new administration.
Fintech startup AtoB to open Bengaluru R&D centre, expand global footprint
Founded in 2019, AtoB sees major opportunity in modernising payments for the $1 trillion commercial fuel and transportation industry, particularly trucking. It partners not only truckers and small businesses but major banks as well as oil and gas companies, building a digital infrastructure to bring them together, cofounder and CEO Vignan Velivela said.
Beijing eyes cut in fuel oil imports amid boost to consumer subsidies
The rise in import duties, which comes on top of a separate policy last October to reduce tax rebates on fuel oil shipments, will further crimp margins for China's refining sector that has been reeling from lacklustre margins since last year.
Airbus overcomes slow start, delivers 766 jets in 2024
Airbus SE delivered 766 aircraft in 2024, just below its 770 target. The A321neo model constituted 60% of these deliveries. Airbus also secured 826 net orders, bringing its backlog to 8,658 planes. The company considers 2024 a good year despite a challenging environment, according to Christian Scherer, the CEO of Airbus's commercial aircraft unit.
India made hydrogen fuel train engine more powerful than others: Ashwini Vaishnaw
Railway Minister Ashwini Vaishnaw revealed that Indian Railways has created the world's most powerful hydrogen fuel-run train engine, with 1,200 horsepower. The first trial is set to occur soon in Haryana. This technology could also be used in trucks and tugboats. Vaishnaw discussed transforming Odisha into an IT hub in the next two to three years.
Oil heads for weekly gains on colder weather, Chinese policy support
Oil prices rose on Friday, driven by cold weather in Europe and the U.S., and economic stimulus from China. Brent crude futures reached $76.51 per barrel, and West Texas Intermediate hit $73.96. The gains were supported by increased demand for heating oil, a drop in U.S. crude stockpiles, and a fall in the U.S. oil rig count.
To understand Trump and Biden, look to Reagan and Carter
As Donald Trump prepares to reverse Joe Biden's climate initiatives, a historical parallel emerges with Ronald Reagan's undoing of Jimmy Carter's environmental policies. Despite setbacks, Carter's advances in clean energy and the EPA have lasting impacts, underlining their importance in the ongoing transition to renewable power and environmental preservation.
Oil rises from two-month highs on optimism over policy support for growth
Oil prices continue to rise, reaching their highest levels in over two months due to anticipated government policies aimed at reviving economic growth worldwide. Lower interest rates and China’s proactive measures are expected to stimulate fuel demand. Additionally, a potential cold snap in the U.S. and Europe may increase diesel demand.
Joe Biden issues major coastal protection before Trump handover
US President Joe Biden has banned offshore drilling across the entire Atlantic and Pacific coasts, as well as parts of the Gulf of Mexico and Bering Sea. This action, aimed at protecting over 625 million acres of waters, is part of efforts to transition to a clean energy economy and address the climate crisis.