Latest Fuel News
Recent fuel, transport, and policy updates presented in a clear and scan-friendly format.
OMC move to rationalise intra-State freight to bring down petrol, diesel prices
Minister also welcomes OMC decision to enhance dealer commissions
OMC move to rationalise intra-State freight to bring down petrol, diesel prices
Minister also welcomes OMC decision to enhance dealer commissions
2025 Forecast: Energy woes loom, but big gains for auto, healthcare and more
Geopolitical tensions will challenge the energy sector, but consumer goods, automotive, and healthcare sectors are expected to grow in 2025. Fossil fuel markets face risks, while renewable energy investments remain strong. Financial sector sees mixed outlook with regulatory easing. Retail volumes will grow, stricter online retail regulations will be enforced, and the automotive sector will see record new-vehicle sales.
India's oil demand may revive amid festivals and elections, shows S&P Global Commodity Insights
India's oil demand is expected to rise by 3.5-4% in Q4 2024 due to festive activities, agricultural needs, and election-related transportation. Despite a 2% drop in diesel demand caused by heavy monsoon rains, gasoline demand grew by 3%. Marriage season and automobile sales will further boost fuel consumption.
Satellite photos show Israel hit Iran former nuclear weapons test building, missile facilities, researchers say
Israeli airstrikes on Saturday targeted key facilities in Iran that were linked to its defunct nuclear weapons program and solid fuel missile production. These strikes potentially hampered Iran's missile production capability, as assessed by researchers using commercial satellite imagery.
Honda to replace faulty fuel pumps in 90,468 old units of select models in India
Honda Cars India will expand its faulty fuel pump replacement campaign to include 90,468 older units and 2,204 units with previously changed parts. This affects models such as Amaze, Brio, BR-V, City, Jazz, and WR-V produced from September 2017 to June 2018. The replacements start on November 5, 2024, at no cost to customers.
AI power demand might actually be good for climate
Big energy companies argue that the rising electricity demand from data centers can drive investment in clean energy, despite skepticism. They claim that the increased need offers financial incentives to advance new technologies, while utility executives highlight potential cost reductions and improved grid reliability.
Made in India C-295 aircraft: 100 flying hours, 6 tonnes fuel offload capacity and other top features
Prime Minister Narendra Modi and Spanish Prime Minister Pedro Sanchez inaugurated the Tata Aircraft Complex in Vadodara, Gujarat. This facility will manufacture India's first privately built C-295 aircraft. It marks a significant step in 'Atmanirbharta' in defence. Sixteen aircraft will come assembled from Spain; the remaining 40 will be made in India by 2031.
IndiGo's turbulent ride in Q2: Airline battles higher fuel costs, grounded aircraft
IndiGo Airlines faced challenges in the second quarter with high fuel prices and grounded aircraft, leading to a Rs 987 crore loss despite a topline increase. Issues with Pratt & Whitney engines and hoax bomb threats further impacted operations. Despite setbacks, the airline is optimistic, planning to launch a business class and seeing favorable response to its new loyalty program.
Headroom to cut petrol, diesel prices by ₹2-3/litre: ICRA
Price of crude oil India imports averaged $74 per barrel in September, down from about $83-84 a barrel in March when petrol and diesel prices were last cut by ₹2 per litre
UN: Leaders must bridge emissions gap or we slip into climate disaster
The new UN report reveals that despite efforts in renewable energy and EVs, the world remains on course for a 2.6°C temperature rise if national pledges are met, and 3.1°C with current policies. To meet the 1.5°C goal, global emissions need drastic reduction by 2030 and 2035.
Green Hydrogen blending will have negligible impact on consumer fuel prices: Report
A World Bank study finds replacing grey hydrogen with green at refineries barely affects fuel prices, supporting a switch. A 10% mandate raises costs by 0.5% and a 50% mandate by 2.5%. Green hydrogen cost parity with grey expected by 2029.
Cuba's electrical grid collapses for second time, entire country again without power
Cuba experienced a second nationwide blackout early on Saturday after an initial collapse of the electrical grid on Friday, affecting over 10 million people. The government attributed the outages to infrastructure issues, fuel shortages, and rising demand, while also blaming U.S. sanctions and reduced fuel supplies from key allies.
Larsen & Toubro partners with Clean Core Thorium Energy for nuclear power
Engineering major L&T and US-based Clean Core Thorium Energy sign an MoU to provide clean energy solutions globally. Their partnership aims to accelerate nuclear power deployment, particularly in developing countries, using CCTE's patented Aneel fuel, which offers enhanced safety, reduced waste, and energy security.
India's HPCL to start LNG terminal around year-end, seeks term supply, sources say
HPCL is seeking an LNG cargo to commission its new 5 million tpy import terminal by December or January and is in talks with several companies for long-term supply. The terminal, crucial for meeting needs at HPCL's refineries and projects, had faced delays due to weather.
Research on 15% ethanol blending in diesel in advanced stages: Gadkari
Road transport minister Nitin Gadkari stated that research on blending 15% ethanol in diesel is advanced, urging industry to prioritize biofuel production. Ethanol blending in India has risen significantly since 2014, targeting 20% in petrol by 2025, promising economic benefits and reduced fossil fuel dependency.