Latest Fuel News
Recent fuel, transport, and policy updates presented in a clear and scan-friendly format.
Blended aviation turbine fuel gets new category, to be taxed at 2% for regional connectivity
The Centre has categorized blended aviation turbine fuel under mineral items, introducing excise duties, and is considering voluntary use by 2024 and mandatory by 2027. The aviation industry is concerned about increased fuel costs and potential need for incentives, with ongoing consultations among various ministries.
Blended aviation turbine fuel gets new category, to be taxed at 2% for regional connectivity
The Centre has categorized blended aviation turbine fuel under mineral items, introducing excise duties, and is considering voluntary use by 2024 and mandatory by 2027. The aviation industry is concerned about increased fuel costs and potential need for incentives, with ongoing consultations among various ministries.
What are solid-fuel missiles, and why is North Korea developing them?
North Korea launched an intercontinental ballistic missile, potentially linked to its development of solid-fuel rocket engines. Solid-fuel missiles are easier to operate and harder to detect compared to liquid-fuel weapons. This development could enhance North Korea's nuclear counterattack capability, although experts believe the country still needs more time to fully master the technology.
What are solid-fuel missiles, and why is North Korea developing them?
North Korea launched an intercontinental ballistic missile, potentially linked to its development of solid-fuel rocket engines. Solid-fuel missiles are easier to operate and harder to detect compared to liquid-fuel weapons. This development could enhance North Korea's nuclear counterattack capability, although experts believe the country still needs more time to fully master the technology.
Diesel, petrol demand to grow 50,000-55,000 barrels per day Y-o-Y in Oct-Dec
India’s appetite for oil products in October-December is set to get a boost from the upcoming festival season as well as the agricultural season
Diesel, petrol demand to grow 50,000-55,000 barrels per day Y-o-Y in Oct-Dec
India’s appetite for oil products in October-December is set to get a boost from the upcoming festival season as well as the agricultural season
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