Recent fuel, transport and policy updates, in a clear and scan-friendly format.
China's space agency has successfully produced oxygen and ethylene—essential rocket fuel components—from carbon dioxide, water, and electricity.
Crypto analysts predict Solana will reach $300 by mid-2025, but investors are encouraged to diversify into 1Fuel, an emerging token in its presale stage. 1Fuel offers fast transactions and cross-chain interoperability, with experts forecasting a 20X surge upon hitting exchanges.
State-owned oil companies in India plan a 40% increase in ethanol procurement in the current supply year to meet the 2025 goal of 20% ethanol blending in petrol. This includes a significant share of ethanol from grain-based sources, boosted by supportive government policies and pricing.
IDFC FIRST Bank credit card changes: These changes will take effect on February 20, 2025. Changes include revision of the Annual Percentage Rate (APR), fuel fee & surcharge waiver, statement & payment due date, education fee payments, railway lounge access, add-on card fee, card replacement fee, and more.
Chris Wright, a fossil fuel executive and CEO of Liberty Energy, has been confirmed as energy secretary by the Senate with a 59-38 vote. Wright, known for opposing climate change efforts, has pledged to promote Trump's agenda of increased fossil fuel production and energy security. Eight Democrats supported his nomination.
India's government supports clean technologies to enhance domestic value addition and create an ecosystem for solar cells, EV batteries, turbines, and high-voltage transmission equipment amid rising electricity demand and global supply challenges. These measures aim to drive capacity expansion and position India as a leader in clean energy manufacturing, aiding the country's 2030 non-fossil fuel power target.
While the tariff plan has been reiterated by the Trump administration, some experts suggest it may still be used as a negotiation tactic rather than an immediate policy shift.
U.S. fuel prices are expected to increase due to President Trump's tariffs on Canadian and Mexican oil. The tariffs aim to address immigration and drug smuggling issues but may counteract efforts to control inflation, affecting costs for refiners and ultimately consumers.
SpiceJet is set to re-induct its grounded Boeing 737 MAX aircraft into operations starting January 25. The addition will enable the airline to serve high-demand markets such as Jeddah and Riyadh, enhancing operational capacity and reducing costs with fuel-efficient planes. The airline plans to restore ten aircraft, including four Boeing 737 MAX planes, by mid-April 2025.
US transportation department moves to rescind Biden administration fuel economy standards.
India, the US, and Middle East are set to add 100 GW of solar capacity in 2025, while China will dominate as the main global manufacturer. Module prices will rise after two years of low prices, aiding manufacturers. Emerging technologies like TOPCon and HJT will overtake PERC, driving better efficiencies. Policy uncertainties and protectionist measures may affect growth.
IOC Chairman Arvinder Singh Sahney reassured the stabilizing of fuel prices in India despite volatile crude oil rates. He highlighted the priority of balancing fuel affordability with financial stability through government support, emphasizing the commitment to providing essential energy while ensuring the company’s financial health.
Electric car adoption in India is set to grow from 2% to 9% by FY30, driven by automakers' focus on EV models to meet fuel efficiency norms. The Bharat Mobility Expo 2025 highlighted the shift toward eco-friendly vehicles and advanced technologies, including integrated solutions for EVs. The sector is moving towards a sustainable and competitive future.
The Indian automobile industry is experiencing a significant shift towards electric, flex-fuel, and CNG vehicles, as showcased at the Bharat Mobility Auto OEM Expo. Major automakers are addressing EV adoption challenges and embracing premiumization trends, leading to new launches and higher average selling prices in the market.
BPCL Q3 FY25 Results: Oil marketing PSU BPCL reported a 93.9 per cent sequential jump in its net profit for the October-December period. Read on to learn more about BPCL's latest report.
As of January 2025, India’s non-fossil fuel-based power capacity reached 217.62 GW, with a notable increase in solar and wind installations in 2024. The country targets 500 GW by 2030. Expansion in rooftop and off-grid solar sectors highlights significant growth, driven by government initiatives.
