Latest Fuel News
Recent fuel, transport, and policy updates presented in a clear and scan-friendly format.
India has significant potential for producing sustainable aviation fuel, says IATA
IATA highlights India's potential for Sustainable Aviation Fuel production to reduce carbon emissions. The organization plans to launch the SAF Registry in 2025, supported by various stakeholders like Hemant Mistry.
OPEC+ says goodbye to its $100-a-barrel oil quest
The OPEC+ cartel appears to be shifting away from its pursuit of $100-a-barrel oil, announcing a deal to gradually increase production through 2025. This move could lower oil prices and ease global inflation, impacting market dynamics and Saudi Arabia's financial outlook as it seeks to balance grandiose spending plans with declining oil revenues.
Govt cuts windfall tax on petroleum crude
The Indian government has cut the windfall tax on petroleum crude to 5200 Indian rupees ($62.33) per metric ton from 5700 rupees, with effect from June 1, according to a notification issued on Friday.
Windfall tax on crude slashed to ₹5,200/tonne
Centre slashes windfall gains tax on domestically-produced crude to ₹5,200 per tonne from ₹5,700 per tonne effective June 1, 2024. No change in export duty on petrol, diesel, and ATF.
Maruti Suzuki cuts its models' prices; makes ASG variants 'more affordable'
Maruti Suzuki India announced a price reduction for several models in its Auto Gear Shift (AGS) lineup, including Alto K10, S-Presso, Celerio, Wagon-R, Swift, Dzire, Baleno, Fronx, and Ignis. Effective immediately, prices have been reduced by Rs 5000 across models, aiming to make AGS variants more affordable and boost sales.
India to increase road toll charges from Monday
India will hike road toll charges across the country by 3-5% from Monday, officials said, after putting the annual increase on hold in April due to the country's general elections. Toll charges in India are revised annually in line with inflation, and highway operators have announced hikes of 3% to 5% at nearly 1,100 toll plazas starting Monday.
Amid rising temperatures, will India embrace solar cooking once again?
As temperatures in India continue to rise, the idea of solar cooking is gaining renewed interest. Historically, solar cooking has been explored as a sustainable alternative, with early experiments by scientists and notable figures like Dr. Rajendra Prasad and Manindra Kumar Ghosh. Despite initial enthusiasm, the technology faced setbacks due to inefficiency and lack of user consultation.
BYD launches new hybrid vehicle tech that promises 100 km with just 2.9 litres fuel
BYD in China launches latest plug-in hybrid technology achieving record low fuel consumption of 2.9 litres per 100 km. Unveiled by Chairman Wang Chuanfu in Xian, Shaanxi province, site of BYD's first automaking factory.
New RuPay credit card on UPI launched: Attractive reward points on online, UPI, offline transactions; lifetime free, other features
IndusInd Bank and Poonawalla Fincorp have launched a co-branded RuPay Platinum Credit card. This card offers reward points on everyday spending on e-commerce websites, including UPI transactions and point-of-sale machine transactions. It has no joining and provides benefits like movie ticket offers and fuel surcharge waivers. All you need to know about IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card.
Oil rises as major producers expected to keep output cuts in place
Oil prices rose on expectations of production cuts by major producers at a meeting this Sunday as fuel consumption is set to increase with the start of the peak summer demand season.
Japan's Toyota shows 'an engine born' with green fuel despite global push for battery electric cars
Toyota plans to introduce lean compact engines running on green fuels like hydrogen and bioethanol, paired with electric motors in hybrids. The company aims to push the world into carbon neutrality with optimized engines for the electrification era.
Reliance-BP and Shell-MRPL jet fuel sales take wing in April
Reliance-BP and Shell-MRPL, the two private sector joint ventures, have made extraordinary gains in a year, taking their combined market share in the ATF market to 10.3% in April from 6.3% in the same month last year, according to industry data.
MG Motor, HPCL join hands to enhance EV charging infrastructure
MG Motor India and Hindustan Petroleum Corporation Ltd collaborate to expand EV charging infrastructure in India, installing fast chargers at key locations for long distance and intercity commutes.
Adani Total considering building more plants in India for LNG import
The company has a plan to double the capacity of its 5 million metric tonnes-per-year Dhamra LNG terminal in Eastern India, CEO Satinder Pal Singh said, adding that the terminal is operating at about 52% capacity.
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Hydrogen, a vital element in water creation, is gaining traction as a fuel source for fuel-cell electric vehicles.
EET Retail continues to expand fuel retail network
EET Retail, the retail division of EET Fuels, has reopened two new service stations in the UK, signaling a new era of convenience and service for the Essar consumer brand.