Latest Fuel News
Recent fuel, transport, and policy updates presented in a clear and scan-friendly format.
Iran Says Non-Hostile Ships Can Pass Hormuz, But Oil Trade Stays on Edge
Tehran told the U.N. that non-hostile vessels can transit the Strait of Hormuz, yet the message still leaves a giant cloud over global shipping and oil prices.
Brent Slips Below War-Panic Zone as Ceasefire Hopes Cool Oil
Brent crude pulled back sharply as traders reacted to fresh ceasefire talk, but the market still looks one ugly headline away from another spike.
India’s Fuel Risk Rises as War Pressure Builds: Rupee, Crude and Market Nerves All Under Fire
The Middle East conflict is no longer just a global headline. It is feeding into India’s crude risk, rupee weakness and market stress, raising the pressure on fuel-sensitive sectors.
Oil Cools, But Fuel Risk Stays: Ceasefire Hopes Pull Brent Lower While Hormuz Threat Refuses to Leave
Brent crude eased on fresh ceasefire hopes, but the Strait of Hormuz remains the big danger point. For India, that means petrol and diesel risk may cool a little, not disappear.
Will free highways and cheaper gas keep Ontario families afloat as US tariffs bite?
Ontario is permanently cutting gas and fuel taxes and removing tolls from Highway 407 East in a move aimed at easing pressure from the rising cost of living and U.S. tariffs. The 2025 Ontario Budget promises relief for families and businesses with long-term cost-saving transportation and tax policies
SJVN begins commercial operations of 78.23 MW capacity at Bikaner solar project
SJVN Green Energy has commenced commercial operations of 78.23 MW capacity at its Bikaner solar power project. This is part of the larger 1000 MW project, with full commissioning expected by Q3 2025. The project will supply solar power to Rajasthan, Jammu & Kashmir, and Uttarakhand, contributing to India's renewable energy goals.
No need for panic buying: OMCs assure uninterrupted availability of auto fuels, LPG
“There is no need for pain buying. Fuel and LPG is readily available at all outlets,” said the country’s largest auto fuel and LPG marketer
Marginal hike in fuel prices in Kolkata
Kolkata experienced a slight increase in petrol and diesel prices due to an adjustment in the basic fuel price by oil marketing companies, raising petrol to Rs 105.41 and diesel to Rs 92.02 per litre. While Kolkata saw a hike, Patna witnessed a decrease in diesel prices, and other eastern states remained stable amidst concerns about consumer inflation.
Civil aviation minister Naidu holds meeting with airlines' representatives; discusses various issues
Civil Aviation Minister K Rammohan Naidu addressed flight disruptions caused by recent airport closures due to the India-Pakistan conflict, urging airlines to acknowledge the armed forces. Airlines raised concerns about Viability Gap Funding losses during closures and requested tax relief on Aviation Turbine Fuel. Enhanced security measures and airspace changes may affect flight schedules and processing times.
May petrol sales in fast lane as summer travel peaks, diesel & ATF go off the boil, LPG on fire
Preliminary data revealed a surge in petrol consumption by 10% in early May, driven by increased summer travel, reaching 1.5 million tonnes. Diesel sales saw a modest 2% rise, signaling recovery with 3.36 million tonnes consumed. LPG consumption also experienced robust growth, fueled by Ujjwala connections, while aviation fuel growth slowed due to flight restrictions.
IOCL, BPCL urge calm as fuel panic buying begins amid India-Pakistan tensions
Amid escalating tensions between India and Pakistan, Indian Oil Corporation Limited (IOCL) and Bharat Petroleum Corporation Limited (BPCL) have urged citizens to avoid panic buying of fuel and LPG. Assurances were given that stocks are ample and supply lines are fully functional, following India's 'Operation Sindoor' and Pakistan's retaliatory attempts to target Indian military installations, which were successfully intercepted.
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Fuel-tech startup Nawgati raised $2.5 million in a pre-Series A round led by investor Ajay Upadhyaya. The company aims to expand its fleet solutions beyond Mahanagar Gas, scale globally, and enhance its Aaveg platform, which streamlines fuel station, fleet, and consumer operations.
EU proposes ending all Russian gas imports by 2027
The EU announced a plan to eliminate remaining gas imports from Russia by 2027, addressing Europe's reliance on Russian fossil fuels. EU energy chief Dan Jorgensen emphasized the initiative as a strong message to Russia, asserting that the EU will no longer allow energy to be used as a weapon against them.
Oil prices fall below $60 per barrel, time ripe for hike in fuel duties
Oil prices have dipped below $60 a barrel, potentially boosting Indian refiners' margins. While petrol and diesel prices may remain stable for consumers, jet fuel could see a decrease. The government might increase fuel duties to capitalize on the price drop and allow refiners to build margin buffers, impacting retail pricing strategies.
Adani Group deploys India's 1st hydrogen-powered truck for mining logistics
Adani Group has launched India's first hydrogen-powered truck for mining logistics in Chhattisgarh, capable of carrying 40 tonnes over 200 km. This initiative, a collaboration with energy technology firms and an auto manufacturer, aims to replace diesel vehicles and promote cleaner transportation.
Fuel retailers advise against panic buying
Indian Oil and Bharat Petroleum assure citizens of sufficient fuel supply. This follows reports of panic buying in border districts. Long vehicle queues were seen at petrol pumps. Blackouts and drone incursions triggered the rush. Both companies urge the public to avoid unnecessary panic. They confirm that supply lines are operating smoothly.