Latest Fuel News
Recent fuel, transport, and policy updates presented in a clear and scan-friendly format.
Coal production from captive, commercial mines up 35% in Q1
The coal industry experienced a notable increase in production and dispatch in the first quarter of the fiscal year, with a significant rise in output from various sectors and mines. The coal ministry's report highlighted positive growth trends in the industry.
What is the value proposition of a CNG bike vs EV & ICE models? Bajaj Auto’s Rakesh Sharma answers
An average customer earning Rs 30,000 to Rs 40,000 per month can expect to save about Rs 1,500 per month by using CNG as a fuel. Also, CNG, while still a carbon-based fuel, has far less carbon content, and to that extent, it is much more beneficial from an environmental point of view than diesel or petrol, says Rakesh Sharma, ED, Bajaj Auto.
Oil holds near two-month high on higher demand outlook, possible rate cut
Exciting developments in the oil market as prices hold steady near recent highs, driven by robust demand projections and the possibility of U.S. interest rate cuts. The looming threat of Hurricane Beryl and reduced crude imports into Asia, especially China, add further intrigue to the market landscape.
Petrol sales up 4%, diesel 1% in June
Fuel sales data from April to June indicates a growth in petrol and diesel consumption, with petrol sales rising by 4.2% and diesel sales by 0.7% year-on-year. The aviation turbine fuel (ATF) and liquefied petroleum gas (LPG) sales also saw increases, reflecting a positive trend in the national oil product demand.
ATF price hiked 1.2% after a 6.5% cut seen in June
Jet fuel prices saw a 1.2% hike on Monday, with Aviation Turbine Fuel (ATF) rising to Rs 96,148.38 per kl in Delhi, following a previous 6.5% reduction on June 1. In Mumbai, ATF reached Rs 89,908.30 per kl. Meanwhile, commercial LPG prices for hotels and restaurants were cut by Rs 30 per 19-kg cylinder to Rs 1,646.
Consumption of transport fuels declines in June, after May’s record high
Consumption of diesel and petrol falls 5%, respectively on a monthly basis
Roadmap to EV 30@30: How can India achieve this ambitious target
India's climate change strategy includes the EV30@30 initiative, aiming for 30% of new vehicle sales to be electric by 2030. This transition enhances air quality, reduces oil dependence, and fosters economic growth. While challenges like limited commercial EV options and charging infrastructure persist, government incentives and rising private investments are accelerating EV adoption.
Indian regulator's plan targets underutilized LNG terminals to boost efficiency and transparency: S&P GCI
The PNGRB's proposal targets the problem of surplus capacity, which has been a significant concern for India's LNG import terminals for several years
Pace of coal import growth declines from over 21 pc to below 2.5 pc in last decade: Govt
The annual growth rate of India's coal imports declined to 2.49% in the past decade, down from 21.48% in the previous decade, reflecting progress towards energy self-reliance. The share of imported coal also decreased, with a compound annual growth rate of -2.29%. India aims to optimize its indigenous coal resources and leverage technology.
Nearly 5 billion people endured extreme heat in June; 619 million affected in India: Report
An analysis by Climate Central revealed that nearly five billion people globally, including 619 million in India, faced extreme heat due to climate change over nine days in June. The report highlighted impacts in several countries, with experts warning that carbon pollution must be reduced to prevent future heat-related disasters.
Mumbai petrol and diesel tax slashed, Ajit Pawar announces in Maharashtra budget
Maharashtra's Deputy Chief Minister Ajit Pawar announced tax reductions on petrol and diesel in Mumbai, lowering diesel prices by 2 rupees per litre and petrol by 65 paise per litre. The state budget also includes provisions such as free gas cylinders under the CM Anna Chhatra Yojana, bonuses for cotton and soybean farmers, and increased compensation for deaths caused by animal attacks to Rs 25 lakhs
Karnataka BJP demands Siddaramaiah’s resignation amidst Valmiki scam investigation and soaring prices
The Congress government in Karnataka has been accused of playing politics with the chief minister and deputy CM posts, leading to fuel and milk price hikes and scams in government departments. Opposition leader R Ashoka has called for the CM to resign, accusing him of "eating 80% of the funds." The scam broke out after a KMVSTDC officer committed suicide over alleged corruption.
Milk prices not hiked as additional cost is for additional quantity of milk: Karnataka CM
Karnataka Chief Minister Siddaramaiah on Wednesday defended the Rs two hike in 'Nandini' milk prices, which now come with an additional 50 ml of milk in half-litre and one-litre packets. This adjustment has been made to support farmers in light of increased milk procurement. He emphasized that milk prices have not actually been raised.
North Korea says it tested a multiwarhead missile. Kim Jong Un covets the weapon to overwhelm US defenses
North Korea announced it successfully tested a multiwarhead missile, aiming to enhance its capability to overwhelm U.S. missile defenses. The launch tested separation and guidance control of individual warheads, which were accurately directed to targets and verified by radar. This test, North Korea's first known attempt at developing a multiwarhead missile, was seen as a significant step in Kim Jong Un's weapons modernization program. While South Korea initially assessed the launch as a failed hypersonic missile test, analysts suggest it was a preliminary evaluation of key MIRV subsystems. This development intensifies regional security concerns.
North Korea says it tested a new multiwarhead missile. South Korea says it's covering up a failure
North Korea announced a successful test of a multiwarhead missile aimed at enhancing its capability to overcome US and South Korean defenses. However, South Korea disputed this claim, asserting the missile launch had actually failed. North Korea's state media reported the test involved separating and guiding warheads accurately, showcasing progress in its missile development despite technical challenges. Analysts anticipate further tests to refine this technology, which includes decoys to evade missile defenses. The test coincides with heightened regional tensions, including North Korea's objections to US military presence and provocative actions toward South Korea.
Thyssenkrupp India lines up sustainable aviation fuel foray
Thyssenkrupp Industries India, whose majority shares were recently sold by its German parent company, is set to enter the sustainable aviation fuel (SAF) sector as part of its new business strategy under Indian ownership. Vivek Bhatia, the managing director, informed ET that the capital goods company is currently in the process of finalizing partnerships for its SAF initiative. SAF is an eco-friendly aviation fuel derived from non-petroleum sources, such as forestry and agricultural waste, used cooking oil, carbon captured from the atmosphere, and green hydrogen.