Latest Fuel News
Recent fuel, transport, and policy updates presented in a clear and scan-friendly format.
ICICI Bank credit card rules changed: Fuel surcharge waiver, lounge access, late payment fee structure, 16 other rules changes
New credit card rules: ICICI Bank has recently made several changes to its credit card rules, following similar moves by HDFC Bank and SBI Card.
Oil settles down on Florida fuel demand worries, Mideast risk drives weekly gains
Brent crude oil futures settled down 36 cents, or 0.45 Percent , at $79.04 a barrel. EDT. U.S. West Texas Intermediate crude futures settled down 29 cents, 0.38 Percent , to $75.56 per barrel.
Assam government sets target of creating 10 lakh SHCs in current year: CM Himanta Biswa Sarma
Chief Minister Himanta Biswa Sarma launched an initiative to distribute Soil Health Cards and farm machinery in Assam, aiming for 10 lakh SHCs. The government has increased soil labs from 5 to 22 and has set up 816 village-level farm machinery banks with 95% subsidy from the Centre.
India should aim to become clean energy exporter by 2030: Amitabh Kant
Amitabh Kant emphasizes India's goal to achieve 750 GW of renewable energy capacity and become a clean energy exporter by 2030. He suggests establishing strong financial systems and leveraging international funds to meet renewable energy targets, focusing on green hydrogen and decarbonizing sectors like steel and transport.
Oil prices rise on Israel-Iran conflict fears and U.S. storm
Oil prices increased on supply concerns in the Middle East and higher fuel demand due to a major storm in Florida. Israel is planning to strike Iran. U.S. President Biden discussed the issue with Israeli Prime Minister Netanyahu. A recent storm has raised demand for gasoline in Florida, contributing to higher crude prices.
France, India to set up aeronautics cluster; campus for aeronautics, space training
France and India are collaborating to establish an aeronautics cluster and an Indo-French campus for professional training in aeronautics and space. This initiative aims to boost their long-term strategic partnership, particularly in defence and aerospace, and includes efforts to develop a sustainable aviation fuel supply chain.
Maruti Suzuki introduces Grand Vitara Dominion Limited Edition ahead of festive season
Maruti Suzuki has announced the Grand Vitara Dominion Limited Edition, available from October in Alpha, Zeta, and Delta variants. The model offers upgrades and accessory kits for both exterior and interior enhancements. This edition aims to build on the success of the Grand Vitara by meeting evolving customer preferences for styling and a premium in-cabin experience.
Researchers sound alarm on 'irreversible climate disaster', Earth's 25 vital signs hit extremes
Researchers report that 25 out of 35 planetary vital signs have hit record levels, indicating worsening climate change. Key indicators include increased surface temperatures, ocean heat, and rising sea levels. Fossil fuel emissions are at an all-time high. Calls for transformative change stress reducing overconsumption and human population growth to prevent irrecoverable climate disaster.
UP govt extends generator subsidy for industries in NCR districts to switch to clean fuels
The state government is extending its generator subsidy for another five years for polluting industries in NCR districts. This aims to help them switch to cleaner fuel. The scheme provides a subsidy of up to 50% on the cost of generators using cleaner fuels like LPG and natural gas, to reduce winter pollution.
India's Sustainable Aviation Fuel potential 8-10 Million tonnes by 2040: Deloitte
India could produce 8-10 million tonnes of Sustainable Aviation Fuel (SAF) by 2040, requiring $70-85 billion in investments, according to a Deloitte India report. SAF aims to propel aviation sector decarbonisation, with the potential to reduce carbon emissions by 20-25 million tonnes annually. These initiatives are expected to create 1.1-1.4 million jobs and lower crude oil import bills by $5-7 billion yearly.
BPCL and Mumbai Port Authority to launch India's first green fuel ecosystem
BPCL partners with Mumbai Port Authority and Mumbai Port Sustainability Foundation to set up EV charging stations and convert diesel vessels to cleaner fuels, aiming for sustainable maritime operations. The collaboration includes waste management initiatives to enhance environmental responsibility and reduce the port’s carbon footprint.
BPCL, Mumbai Port Authority sign pact to establish sustainable energy ecosystem
BPCL, Mumbai Port Authority, and Mumbai Port Sustainability Foundation have partnered to create a green fuel ecosystem at Mumbai Port. This initiative includes setting up EV charging stations, converting diesel vessels to cleaner fuels, and enhancing waste management. The collaboration aims to support India’s environmental goals by reducing greenhouse gas emissions.
'How many people knew this': Elon Musk jabs Hollywood amid sexual abuse allegations against Sean Diddy
Rapper Sean 'P Diddy' Combs faces serious accusations of sexually abusing 120 individuals, including 25 minors, with a boy as young as nine. Allegations involve drugging victims with horse tranquilizers. He was indicted on multiple counts of abuse and coercion and remains jailed in New York, while his lawyers seek bail ahead of trial.
Green hydrogen hype fades as high costs force project retreat
Several companies are canceling and scaling back green hydrogen projects due to high costs and slower-than-expected market development.
EET Fuels secures $650 million financial facilities
EET Fuels, owner of the Stanlow refinery in the UK, has secured $650 million in financing and trade credit, bolstering its efforts to reduce emissions by 95% by decade-end through industrial carbon capture and blue hydrogen. This funding reflects strong market confidence in the company's decarbonization strategy.
Rapper Sean 'Diddy' Combs files appeal for release ahead of upcoming sex trafficking trial
Sean “Diddy” Combs has filed an appeal against a federal judge’s decision to keep him in jail while he awaits trial for sex trafficking charges. His legal team is challenging the ruling, which claims that Combs poses a danger to the community. The case involves allegations that Combs used his influence to coerce women into drug-fueled sexual performances. He is scheduled for a court hearing on October 9.