Latest Fuel News
Recent fuel, transport, and policy updates presented in a clear and scan-friendly format.
Global airlines see growth in 2025 despite supply chain issues
Airlines predict record profits and passenger numbers for 2025. Revenues are expected to top a trillion dollars. The industry expects 5.2 billion passengers to fly. Supply chain problems and rising taxes pose challenges. Jet fuel prices are projected to decrease. Geopolitical uncertainties could impact the industry.
India's CPI inflation likely to ease to 5.5% in Nov from 6.2% in Oct: Morgan Stanley
India's Consumer Price Index (CPI) inflation is expected to decrease to 5.5% year-on-year in November, down from 6.2% in October, according to Morgan Stanley. This decline is primarily driven by falling food prices and a slowdown in core CPI, which excludes food and fuel. A report by Union Bank of India also predicts a decline in CPI inflation to 5.4%, citing a drop in vege
A booming and coal-heavy steel sector risks India’s green goals
India's steel production is booming, but its dependence on coal raises concerns. The country aims for net-zero emissions by 2070. However, steel industry's growth relies on coal-fired plants. This approach clashes with decarbonisation efforts. Experts warn of stranded assets and financial risks. The government promotes green steel and carbon capture, but faces challenges.
Govt announces ALMM for PV cells to push India's green energy transition
India mandates domestically sourced solar cells for all new solar projects starting June 2026. This new policy expands the Approved List of Models and Manufacturers (ALMM) to include solar cells (List II), ensuring quality and boosting local manufacturing. Projects bid out before the order are exempt. This move supports India's 500 GW clean energy target by 2030.
Jay-Z's Legal Team Requests Court to Reject Sexual Assault Accuser's Plea for Anonymity
The hip-hop star and entrepreneur has been accused of raping a 13-year-old girl in 2000, allegedly along with Sean “Diddy” Combs.
Jay-Z and Sean 'Diddy' Combs have been named in a civil lawsuit alleging the rape of a 13-year-old girl in 2000
Jay-Z responded with a lengthy statement calling the allegations "idiotic." The accuser is anonymous.
Honda to recall over 205,000 US SUVs over fuel leak concern: NHTSA
Honda is recalling 205,760 SUVs in the US due to a fuel leak issue. The recall affects certain 2023-2025 Passport and Pilot models, where the fuel filler neck tube and pipe may separate. Dealers will inspect and repair the affected vehicles free of charge.
Greenzo Energy, EODev partner to market hydrogen fuel cell power generators in India and Nepal
Greenzo Energy and EODev partnered to bring hydrogen fuel cell power generators to India and Nepal. Greenzo will distribute and maintain EODev's zero-emission generators, powered by Toyota fuel cell technology. This partnership aims to reduce reliance on fossil fuels and includes local assembly provisions, projecting $10 million in first-year business.
Suzlon Group secures repeat order of 302 MW wind project from Jindal Renewables
Suzlon Group secured a 302.4 MW wind power project from Jindal Renewables in Karnataka, expanding their partnership to a total of 702.4 MW. Suzlon will install 96 wind turbines, powering steel plants in Chhattisgarh and Odisha. This marks Suzlon's largest C&I order and supports India's renewable energy goals.
New Honda Amaze launched under Rs 10 lk: Check price, variants and other specifics
Honda launched the 2024 Amaze in India. Prices start at Rs 8 lakh. The car now features advanced driver assistance systems (ADAS). This makes it the cheapest car in India with ADAS. The Amaze comes with a 1.2-litre petrol engine. It is available in both manual and automatic transmissions. Honda claims a mileage of up to 19.46kmpl.
Petrol, diesel, jet fuel sales surge in November as economy picks up
LPG sales were also up 7.3 per cent year-on-year at 2.76 million tonnes in November as more households have switched to cooking gas under various schemes for the welfare of the poor introduced by the government.
Ambuja Cements shares up nearly 1% as it partners with Finland-based Coolbrook to reduce fossil fuel dependency
Ambuja Cement Share Price: Adani Group's Ambuja Cements shares increased nearly 1% following a partnership with Coolbrook. The collaboration will utilize Coolbrook’s RotoDynamic Heater technology to reduce fossil fuel dependence and carbon emissions in cement manufacturing.
Govt deploys advanced tech to monitor fuel stations nationwide: Parliamentary Report
The government has implemented an advanced monitoring system for retail fuel outlets nationwide, leveraging technologies like OTP-based calibration and digital payment systems. This initiative, developed under the Legal Metrology Act, aims to enhance regulatory oversight, protect consumer interests, and ensure a fair marketplace by conducting real-time data analytics and precision in fuel dispensing.
Greenzo to partner France's EODev to launch H2-powered gensets in India
Greenzo Energy India (GEIL) has entered a 20-year partnership with France's EODev to introduce hydrogen fuel cell power generators in India, utilizing Toyota's hydrogen fuel cell technology. This initiative aims to replace fossil-fuel-based generators in facilities like telecom towers and data centers, significantly reducing emissions and investing around ₹200 crore initially.
Windfall tax on domestic crude, fuel exports scrapped after 30 months
India has scrapped the windfall profit tax on domestically-produced crude oil and exported jet fuel, diesel, and petrol, due to declining international oil prices. The tax, in place since July 2022, collected ₹44,000 crore. The move follows a recommendation from the petroleum and natural gas ministry, stating that the levy had served its purpose.
Nitin Gadkari confesses why he does not want to visit Delhi
Union minister Nitin Gadkari dislikes visiting Delhi because of the high pollution levels, which often cause him infections. He suggests reducing fossil fuel consumption to tackle pollution. Delhi's air quality slightly improved with an AQI of 274, marking the third day of relief. Gadkari also pointed out the need to address poverty, hunger, and unemployment in India.