Latest Fuel News
Recent fuel, transport, and policy updates presented in a clear and scan-friendly format.
Oil dives 3%, OPEC+ decision fails to allay demand worries
OPEC+ on Sunday agreed to extend most of its deep oil output cuts into 2025 but left room for voluntary cuts from eight core members to be gradually unwound from October onwards. The group also agreed to a new output target for the United Arab Emirates, which has been pushing for higher quota.
NHAI's revised toll rates come to effect across highways
NHAI has hiked toll charges by 5% on national highways. The revised user fee has been implemented from Monday, affecting motorists across the country.
Adani Power arm amalgamates Stratatech Mineral Resources
Adani Power Ltd's arm Mahan Energen Ltd approved merging Stratatech Mineral Resources with Dhirauli Coal Mine to enhance fuel security, subject to shareholder and regulatory approvals, with a peak-rated capacity of 6.5 million tonnes per annum. The merger involves a wholly-owned subsidiary engaged in mining, power generation, and allied activities.
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Government likely to cut petrol, diesel prices ahead of LS polls
The government is likely reduce the petrol and diesel prices ahead of the Lok Sabha polls as crude oil prices have also come down in the international market which will enable the oil marketing companies to bear the burden.
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Tata Motors developing new petrol engine to power premium SUV range
The updated versions of both Harrier and Safari have received top safety ratings from the vehicle safety group Global NCAP.
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Exclusive: PM to announce massive cuts in petrol, diesel prices before year-end
According to sources, the Petroleum Ministry has prepared a proposal incorporating the cuts ranging from Rs 8 to Rs 10 per litre in both fuels for the Prime Minister’s approval that could come on Thursday.
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Outlets retailing E20 fuel will cover entire country by 2025: Petroleum Minister
India's GDP growth came in at 7.7 per cent in the first six months of the current fiscal year, said Puri, who also serves as the Minister of Housing & Urban Affairs.
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Pakistan cuts petrol and diesel prices
The price of petrol would drop by 40 Pakistani rupees ($0.144) to 283.38 rupees a litre effective October 16.
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After slashing LPG cylinder prices, is government mulling the same for petrol and diesel?
Oil marketing companies have been performing well for the last two quarters, reporting profits in their petrol and diesel segments. Zee Business sources told that OMCs want to pass that profit on to customers.
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Ethanol maker BCL Industries to increase distillery capacity to 850 KLPD to meet increasing demand
The development assumes significance as it comes in the backdrop of the government's recent decision to hike the ethanol price twice to keep up with the momentum of meeting the 12 per cent blending target of ethanol with petrol for the 2022-23 ethanol supply year, ending November.
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Windfall tax reduced on domestically-produced crude oil; levy increased on diesel, jet fuel
The Centre had earlier raised the windfall tax on petroleum crude to Rs 7,100 per tonne from Rs 4,250 per tonne.
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Ethanol price hike: Govt exploring solutions to address problem of grain supplies for ethanol making
Notably, state-run Food Corporation of India (FCI) had last month stopped the supply of rice from its depots to ethanol makers.
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No proposal to bring uniformity in petrol, diesel prices in country: Government
State-run oil marketing companies such as Indian Oil Corp, Bharat Petroleum Corp, and Hindustan Petroleum Corp review the retail prices on a daily basis, and enforce any revisions at 6 am to align them with the rates of international crude oil and foreign exchange.
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Ethanol fuel blending on course to meet govt's target of 12%; distilleries hope to keep up momentum after another rate hike
Ethanol, which is being produced from rice and maize, reduces carbon emissions and helps in removing the carbon equivalent of 12 million cars from the road each year.
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Petrol and Diesel Price July 24: Check rates in Delhi, Mumbai, other cities
Petrol and Diesel Prices July 24: The public sector oil marketing companies (OMCs) including Bharat Petroleum Corporation Ltd (BPCL), Indian Oil Corporation Ltd (IOCL) and Hindustan Petroleum Corporation Ltd (HPCL) change the prices daily in line with international benchmark prices and forex rates.