Latest Fuel News
Recent fuel, transport, and policy updates presented in a clear and scan-friendly format.
Europe is already facing its next energy crisis
Experts warn of a challenging winter ahead, particularly if temperatures plummet. The situation has raised concerns about energy rationing and economic stability.
Amara Raja Infra sets up India's first green hydrogen fuelling station in Leh
Amara Raja Infra completed India's first green hydrogen fuelling station in Leh, Ladakh, for NTPC Ltd. The station, inaugurated on Saturday, produces 80kg of green hydrogen daily and will power five hydrogen fuel cell buses, promoting emission-free transport in the challenging high-altitude terrain. This project marks a significant step in India's National Hydrogen Energy Mission.
COP29: Climate finance goal topped priority list at Baku
The COP29 climate summit concluded with a new climate finance target of at least $300 billion by 2035 to aid developing nations in transitioning from fossil fuels. The agreement, reached after intense negotiations, will see contributions from various sources, including multilateral development banks.
How big fossil-fuel-producing countries export emissions abroad
Fossil fuel exports have been a hot topic at the United Nations climate conference in Baku this year, with activists and delegates from some climate-vulnerable countries arguing nations should be held accountable for the pollution they send overseas - often to poor developing nations - in the form of oil, gas and coal.
Diesel market flashes warning sign in India as growth slows
Diesel makes up about 4 out of every 10 barrels of oil used in India, with softness occurring amid weak buying signals from China and Europe
Tripura to start rationing petrol from Sunday: Minister
Tripura government will start rationing petrol from November 10. The decision comes after a railway track derailment disrupted fuel supply to the state. Two-wheeler owners will get petrol worth Rs 200 per day. Three-wheelers will get Rs 400 worth of petrol. Four-wheeler owners will have access to Rs 1000 worth of petrol daily.
Trump Presidency set to benefit India, Asian countries due to US-China rivalry: Moody's Ratings
Moody's Ratings predicts that India and other Asian nations could benefit from US-China tensions and investment shifts under a potential Donald Trump presidency. Trump's protectionist trade policies, particularly towards China, are expected to redirect trade and investment flows, potentially benefiting India and ASEAN countries. However, these policies could also disrupt global supply chains and hinder global growth.
India, Saudi Arabia top buyers of Russian VGO and fuel oil in October, LSEG data shows
Russian fuel oil and vacuum gasoil (VGO) exports dipped 3% in October, with India and Saudi Arabia emerging as top recipients. While Saudi imports dipped, India's intake surged as it sought cheaper alternatives to Urals crude. China, another major importer, saw a decline amidst potential tax reforms impacting fuel oil demand.
India will develop complete solar manufacturing ecosystem in 4-5 years: Avaada Group
Vineet Mittal, Founder and Chairman of Avaada Group, projects that India will achieve a complete solar equipment manufacturing ecosystem within the next four to five years. This ambitious goal aims to reduce reliance on imports and establish India as a renewable energy leader.
Diwali, rising disposable income lifts jet fuel consumption in October to second highest on record
Diesel and petrol consumption rise during the month
ICICI Bank credit card changes from November 15: Fuel surcharge waiver, lounge access, late payment fee structure
New credit card rules: ICICI Bank informed its credit card users via SMS regarding the updates. Here’s a summary of what changes are being implemented for ICICI Bank credit card customers, based on an SMS that was sent by the bank.
ICICI Bank credit card changes from November 15: Fuel surcharge waiver, lounge access, late payment fee structure
New credit card rules: ICICI Bank informed its credit card users via SMS regarding the updates. Here’s a summary of what changes are being implemented for ICICI Bank credit card customers, based on an SMS that was sent by the bank.
ADB lauds India's fossil fuel subsidy reforms
India has significantly cut its oil and gas subsidies by 85 per cent from 2013 to 2023. This was achieved using policy reforms including phasing out petrol and diesel subsidies and increasing taxes. The extra tax revenue from these increases funded renewable energy projects, electric vehicles, and LPG usage among the rural poor, reshaping India's energy landscape.
ADB lauds India's fossil fuel subsidy reforms
India has significantly cut its oil and gas subsidies by 85 per cent from 2013 to 2023. This was achieved using policy reforms including phasing out petrol and diesel subsidies and increasing taxes. The extra tax revenue from these increases funded renewable energy projects, electric vehicles, and LPG usage among the rural poor, reshaping India's energy landscape.
ATF price hiked by over 3 per cent in Delhi, Mumbai
Jet fuel (ATF) prices have been increased by 3.3% to Rs 90,538.72 per kilolitre in the national capital, following previous reductions. The price of commercial LPG was hiked by Rs 62 to Rs 1,802 per 19-kg cylinder. Prices for petrol and diesel remain unchanged since mid-March.
ATF price hiked by over 3 per cent in Delhi, Mumbai
Jet fuel (ATF) prices have been increased by 3.3% to Rs 90,538.72 per kilolitre in the national capital, following previous reductions. The price of commercial LPG was hiked by Rs 62 to Rs 1,802 per 19-kg cylinder. Prices for petrol and diesel remain unchanged since mid-March.