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Recent fuel, transport and policy updates, in a clear and scan-friendly format.

Plans afoot to push carbon capture utilisation & storage tech: Niti Aayog Member

Last Updated: Aug 09, 2024, 12:00:00 AM IST

Plans afoot to push carbon capture utilisation & storage tech: Niti Aayog Member

According to a report from the NITI Aayog back in 2022, when the discussion around the technology started gathering pace in the country, CCUS will be key in decarbonizing the industrial sector, which is hard to electrify and hard to abate. The concept has gathered momentum in the last two years because of its advantage in decarbonizing the power sector, given India's present reliance on coal for meeting over 70% of its electricity needs.

Govt to allow up to 35% bio-bitumen mixing, to save Rs 10,000 cr of foreign exchange outflows

Last Updated: Aug 07, 2024, 04:10:00 PM IST

Govt to allow up to 35% bio-bitumen mixing, to save Rs 10,000 cr of foreign exchange outflows

Union Road Transport Minister Nitin Gadkari declared that the government would allow a 35% blend of lignin with petroleum-based bitumen to lessen dependence on imports and reduce costs. The move is also intended to address air pollution from stubble burning. Bio-bitumen sourced from paddy straw has been successfully developed and patented. Numerous projects are underway to convert rice straw into different biofuels. These changes promise significant benefits for farmers and the environment, with trials to assess bio-bitumen's long-term performance in road construction currently being conducted.

Toyota would pursue technologies that reduce use of fossil fuel: Dy MD Swapnesh Maru

Last Updated: Aug 06, 2024, 03:18:00 PM IST

Toyota would pursue technologies that reduce use of fossil fuel: Dy MD Swapnesh Maru

Toyota Kirloskar Motor (TKM) is committed to reducing its carbon footprint and fossil fuel use in India by adopting diverse technologies. Deputy MD Swapnesh Maru emphasized the need for a multi-pronged approach, including hybrids and blended fuels, due to India's energy challenges. TKM plans expansion with a new plant in Karnataka and aims to increase production capacity while exploring hydrogen as a future fuel.

Indian auto companies will soon produce 100% ethanol-run cars and 2-wheelers: Nitin Gadkari

Last Updated: Aug 05, 2024, 10:38:00 PM IST

Indian auto companies will soon produce 100% ethanol-run cars and 2-wheelers: Nitin Gadkari

Recently, Toyota has announced for setting up of a plant to produce flex cars in Aurangabad, Maharashtra, with an investment of Rs 20,000 crore. Gadkari says Tatas and Suzuki are also working on producing 100 per cent ethanol or flex engine cars. In the two-wheeler segment Bajaj, TVS and Hero are making flex-engine bikes and scooters.

After record profits, fuel retailers see profit slump in Q1

Last Updated: Aug 04, 2024, 11:27:00 AM IST

After record profits, fuel retailers see profit slump in Q1

Hindustan Petroleum Corporation Ltd (HPCL) posted 90 per cent drop in profit to Rs 633.94 crore as compared to an earning of Rs 6,765.50 crore in April-June 2023 and Rs 2,709.31 crore in the preceding March quarter.

Rosatom supplies advanced fuel for Kudankulam Nuclear Power plant

Last Updated: Aug 02, 2024, 05:21:00 PM IST

Rosatom supplies advanced fuel for Kudankulam Nuclear Power plant

Rosatom's TVEL Fuel Company initiated nuclear fuel supply for Kudankulam NPP’s units 3 and 4. Utilizing advanced TVS-2M fuel, the VVER-1000 reactors in Tamil Nadu extend fuel cycles to 18 months, improving efficiency. Units 1 and 2, commissioned in 2013 and 2017, already benefit from these upgrades. Construction of additional units continues.

Oil prices set for fourth weekly fall on demand concerns

Last Updated: Aug 02, 2024, 04:36:00 PM IST

Oil prices set for fourth weekly fall on demand concerns

Oil prices held steady on Friday but remained on course for a fourth successive weekly decline as signs of weak growth in global fuel demand outweighed fears of supply disruption in the Middle East.

July petrol sales up 10%, diesel 4.3%

Last Updated: Aug 02, 2024, 01:24:00 AM IST

July petrol sales up 10%, diesel 4.3%

Petrol sales rose 10% and diesel 4.3% in July compared to the previous year as economic activity gained pace, according to oil ministry data. Jet fuel consumption expanded by 9%, while cooking gas sales increased by 11% in July.

Oil set to fall for fourth week as demand concerns weigh on sentiment

Last Updated: Aug 02, 2024, 07:05:00 AM IST

Oil set to fall for fourth week as demand concerns weigh on sentiment

Oil prices increased on Friday, yet were poised for a fourth consecutive weekly drop, driven by weaker global fuel demand as indicated by recent manufacturing data from the U.S., Europe, and Asia. Concerns about Chinese demand and potential supply disruptions in the Middle East further influenced the market outlook.

India's July diesel, jet fuel exports to Singapore, Australia set to hit 2-1/2-year high

Last Updated: Jul 31, 2024, 11:27:00 AM IST

India's July diesel, jet fuel exports to Singapore, Australia set to hit 2-1/2-year high

India's diesel and jet fuel exports to Singapore and Australia hit their highest levels in 2-1/2 years in July, fueled by waning European demand and cheaper shipping costs. Industry sources indicate that Australia's increased imports were also due to planned refinery maintenance and new government mandates for refined product stockpiles.