Recent fuel, transport and policy updates, in a clear and scan-friendly format.
Petrol and jet fuel sales increased by around 8.5% in October due to higher travel during the festive season. Diesel sales remained stagnant, affected by factors such as high rainfall and a shift towards electricity by farmers and railways. LPG sales rose by 7.5%.
Petrol and jet fuel sales increased by around 8.5% in October due to higher travel during the festive season. Diesel sales remained stagnant, affected by factors such as high rainfall and a shift towards electricity by farmers and railways. LPG sales rose by 7.5%.
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.
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.
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.
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.
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
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
Minister also welcomes OMC decision to enhance dealer commissions
Minister also welcomes OMC decision to enhance dealer commissions
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 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.
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 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.
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.
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.
