Latest Fuel News
Recent fuel, transport, and policy updates presented in a clear and scan-friendly format.
Oil prices fall below $60 per barrel, time ripe for hike in fuel duties
Oil prices have dipped below $60 a barrel, potentially boosting Indian refiners' margins. While petrol and diesel prices may remain stable for consumers, jet fuel could see a decrease. The government might increase fuel duties to capitalize on the price drop and allow refiners to build margin buffers, impacting retail pricing strategies.
Adani Group deploys India's 1st hydrogen-powered truck for mining logistics
Adani Group has launched India's first hydrogen-powered truck for mining logistics in Chhattisgarh, capable of carrying 40 tonnes over 200 km. This initiative, a collaboration with energy technology firms and an auto manufacturer, aims to replace diesel vehicles and promote cleaner transportation.
Fuel retailers advise against panic buying
Indian Oil and Bharat Petroleum assure citizens of sufficient fuel supply. This follows reports of panic buying in border districts. Long vehicle queues were seen at petrol pumps. Blackouts and drone incursions triggered the rush. Both companies urge the public to avoid unnecessary panic. They confirm that supply lines are operating smoothly.
As oil prices fall; here are today's gasoline and diesel prices in the U.S; check state-wise rates
Gasoline prices are holding steady nationwide, with the current average at $3.165 per gallon, according to AAA as of May 5, 2025. While prices remain mostly flat this week, they’ve dropped from last month and are significantly lower than last year’s highs. With crude oil trading lower and regional spot prices stable, drivers are seeing some relief at the pump. From diesel and E85 to mid-grade and premium, the whole fuel market shows small but meaningful shifts.
Sunoco’s 9.1 Billion-Dollar bet: What it means for Parkland and Canadian gas stations?
Sunoco LP, a US energy giant, is set to acquire Parkland Corporation for $9.1 billion, creating the largest independent fuel distributor in the Americas. This strategic move expands Sunoco's reach across Canada, gaining access to approximately 1,860 retail gas stations. The acquisition, expected to close in the second half of 2025, promises streamlined operations and investment in low-carbon fuels.
Asian Paints, IndiGo shares jump up to 4% as Brent crude oil price falls below $60
Shares of InterGlobe Aviation, Asian Paints, MRF, and fuel retailers surged on Monday as Brent crude prices fell below $60 per barrel after OPEC+ announced a production hike. Airlines, paint, and tyre companies are set to benefit from lower input costs. The OPEC+ decision adds to existing pressure on crude amid global slowdown fears and Trump's tariff moves.
Maharashtra govt mulling policy to deny fuel to unfit vehicles: Minister
The Maharashtra government is contemplating a new policy to combat air pollution by denying fuel to vehicles lacking valid Pollution Under Control (PUC) certificates. Minister Pratap Sarnaik emphasized the alarming rise in air pollution due to conventional fuel vehicles and the prevalence of fake PUC certificates.
Diesel demand growth falls to lowest since pandemic
Industry officials said diesel still powers three-fourth of India's transport sector but the growth is moderating due to the EV shift
Petrol, diesel demand rises in April as summer fuels consumption
India's diesel consumption rebounded in April with a 4% increase, driven by summer irrigation and air conditioning demands, marking the highest volume for the month and second highest ever. Petrol consumption rose by 4.6%, while LPG continued its fast growth at 6.7% due to Ujjawala connections. ATF consumption growth slowed to 3.25%.
Trump vs Toyota? Why US cars are a rare sight in Japan
Despite President Trump's complaints about trade imbalances, American cars struggle to gain traction in Japan, where domestic brands dominate due to size constraints, perceived reliability issues, and a lack of sales and repair infrastructure.
Bharat Petroleum eyes $20-30/ton gain from swap of Middle East LPG with cheaper US supplies
Bharat Petroleum Corp Ltd anticipates a $20-$30 per ton gain by swapping Middle Eastern LPG for cheaper U.S. supplies, capitalizing on price disparities caused by the U.S.-China tariff war. This move will partially offset revenue losses from subsidized LPG sales. BPCL also plans to increase Russian oil intake to 30-32% and is considering a new refinery in Andhra Pradesh.
Commercial LPG rates slashed by Rs 14.50, price of jet fuel cut by 4.4 per cent
Jet fuel prices in Delhi have been reduced by 4.4%, marking the second cut in a month, alongside a Rs 14.50 decrease in commercial LPG cylinder prices. These reductions offset earlier price increases, influenced by softening international oil prices due to concerns over global trade and demand. Domestic LPG rates remain unchanged, while petrol and diesel prices are frozen.
Local intellectual property ownership key for private nuclear power plants
India may require local ownership of intellectual property for private nuclear power plants. This is to increase atomic energy capacity. The government is working on public-private partnership framework. It includes joint venture rules for overseas companies. India aims to expand nuclear energy capacity significantly by 2047. The policy will likely stipulate majority ownership by the Indian partner.
Petrol sales rise 4.6 per cent, diesel 4 per cent
Aviation turbine fuel (ATF) sales expanded 3.2% and LPG 6.7%. The sales trend in April significantly varied from March when petrol sales had grown 5.7% year-on-year, diesel by 0.9%, ATF by 5.7% and LPG by 4.2%.
Airspace blockade: India plots a flight path to skip Pakistan
Following Pakistan's airspace closure after the Pahalgam attack, Indian authorities are exploring alternative flight paths for Air India and IndiGo. A potential route over Chinese airspace is being considered to bypass Pakistan and Afghanistan, offering direct access to Europe and the US. However, this requires Chinese permission and safety modifications, including increased oxygen supply for high-altitude flights.
