Latest Fuel News
Recent fuel, transport, and policy updates presented in a clear and scan-friendly format.
World to move into 'age of electricity' after surplus fossil fuel supplies, IEA says
The International Energy Agency predicts that fossil fuel demand will peak by the end of the decade, leading to surplus supplies and potential investment in green energy. Surplus fossil fuels could lead to lower prices and enable more clean energy investments, despite uncertainties from geopolitical tensions and upcoming elections.
Pune petrol pump operators go on strike, could potentially impact fuel availability
Petrol pump operators in Pune began an indefinite strike, claiming unmet demands from petroleum companies. They will halt tank dispatches to depots, potentially causing fuel shortages. The Petrol Dealers' Association cites faulty transportation tenders and demands their cancellation and reissuance. They also seek official suspensions for neglecting safety and request a police investigation into alleged fuel theft.
Nitin Gadkari asks automakers to make flex fuel vehicles more acceptable to public
In a review meeting with representatives of the Society of Indian Automobile Manufacturers (Siam) on Tuesday, road transport and highways minister Nitin Gadkari assessed readiness of the automobile industry to launch flex engine vehicles that can run on ethanol in the coming months as the government gears up to increase the use of biofuels to cut down on emissions, reduce the import of fossil fuels and become self-reliant.
Nitin Gadkari urges automobile industry to promote ethanol, flex fuels
Union Minister Nitin Gadkari urged representatives from the Society of Indian Automobile Manufacturers (SIAM) to explore promoting ethanol and flex fuels in India. During a meeting, the discussion highlighted Brazil's success with flex fuels and how a shift to biofuels can reduce pollution and fossil fuel imports while supporting farmers.
Coal India's process for signing fuel supply pacts becomes digital
Coal India Ltd has introduced online signing of fuel supply agreements for power and non-regulated sectors. This move replaces the physical document submission with an easier digital process. The shift aims to simplify operations and improve efficiency for clients. Nearly 700 FSAs for non-regulated sectors and 262 FSAs for the power sector have already been signed digitally.
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.