Latest Fuel News

Recent fuel, transport, and policy updates presented in a clear and scan-friendly format.

Delhi-Meerut and Peripheral Expressways toll rates to increase from today; Check revised rates here

Starting Monday, toll rates on the Delhi-Meerut Expressway (DME) and Eastern Peripheral Expressway (EPE) will increase by 5%. After the revision, four-wheelers will pay between Rs 45 and Rs 160, and heavy vehicles will be charged between Rs 40 and Rs 250, depending on the distance traveled. Currently, the toll is Rs 2.19 per km on the 135 km-long expressway, with no toll for traffic between Delhi and Ghaziabad.

May heat wave in India 1.5 degrees Celsius warmer than warmest heat wave

The analysts at ClimaMeter said the intense and prolonged heat wave India endured in May was a result of the naturally occurring El Nino phenomenon -- unusual warming of the ocean surface in the central and eastern tropical Pacific Ocean -- and the rapidly increasing concentration of greenhouse gases -- primarily carbon dioxide and methane -- in the atmosphere.

Solar investment outstrips all other power forms: IEA

Global investment in clean energy technology and infrastructure is set to hit $2 trillion this year, twice the amount going into fossil fuels, an International Energy Agency report showed. Total energy investment is expected to exceed $3 trillion for the first time in 2024, the IEA said in its annual World Energy Investment report.

UN chief urges fossil fuel ad ban as heat records pile up

Humans are as dangerous to Earth as the meteorite that drove dinosaurs to extinction, the UN chief said Wednesday, urging an end to fossil fuel ads after 12 months that were the hottest on record. Last month was the hottest May on record and the 12th consecutive month to break such a record, the EU climate monitor Copernicus announced.

Motor racing: F1 unveils 'nimble' car for new era starting in 2026

Formula One will enter a new era in 2026 with smaller and lighter cars featuring active aerodynamics. The FIA presented the technical regulations for the new generation of 'nimble' cars, aiming for better efficiency and handling. FIA president Mohammed Ben Sulayem hailed the unique revision to make the championship more relevant and attractive.

Assam government increases petrol prices by Rs 1.02 per litre, Diesel by Rs 1.01 a litre

Assam government has raised petrol prices by Rs 1.02 per litre and diesel prices by Rs 1.01 Chief Minister Himanta Biswa Sarma stated that the state's fuel prices are Rs. 7 lower than West Bengal's, making them among the most affordable in India. He emphasising that despite the recent increase, prices remain lower than in neighboring states.

RBI MPC Meeting 2024 at a glance: Here's a one-stop guide to all key decisions

The Reserve Bank of India's Monetary Policy Committee (MPC) has decided to maintain the current interest rate at 6.5%, following a 4:2 majority decision. The panel projected real GDP growth for FY25 to be 7.2%, up from 7%. The MPC is also maintaining the Standing Deposit Facility rate at 6.25% and the Marginal Standing Facility bank rate at 6.75%.

UN weather agency predicts that 1.5-degree Celsius target limit for global temperatures likely to be surpassed by 2028

The UN's weather agency predicts an 80% chance of global temperatures surpassing the 1.5°C target in the next five years, as outlined in the Paris climate accord. The World Meteorological Organization expects temperatures from 2024 to 2028 to be 1.1 to 1.9°C hotter than the start of the industrial era. UN Secretary-General António Guterres highlighted this threat in a speech for World Environment Day. The EU's climate service reported May as the hottest ever, with 12 consecutive months of record temperatures, attributing the trend to fossil fuel burning.

Byju’s lenders petition to put subsidiaries in bankruptcy in the US

Creditors led by HPS Investment Partners filed involuntary Chapter 11 cases in Delaware against Neuron Fuel Inc., Epic! Creations Inc. and Tangible Play Inc. on Wednesday. All three were once affiliated with Byju’s Alpha, a unit of the once high-flying startup that was put into bankruptcy earlier this year after defaulting on $1.2 billion of debt.

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Moving to clean energy could also bring savings of up to $4.6 trillion each year, according to new research from Colorado-based think tank RMI.

Planet overheating, ban fossil fuel ads: UN chief

UN Secretary-General Antonio Guterres stated humans are as destructive as the meteor that caused the dinosaur extinction, urging a ban on oil, gas, and coal advertising. His comments coincided with scientists reporting the last 12 months as the hottest on record. The global average temperature is 1.63°C above pre-industrial levels. Despite the agreement to phase out fossil fuels at COP28, emissions remain high. Guterres called for taxing fossil fuel profits and reallocating funds to combat climate change, as critical climate talks continue in Bonn ahead of the COP29 summit in November.