ATF price cut 6.5%, commercial LPG cut by ₹69
Prices differ from State to State depending on the incidence of local taxes
Latest Fuel News
Recent fuel, transport and policy updates, in a clear and scan-friendly format.
Exports up 1% to $35 billion in April; Trade deficit widens to 4-month high at $19.1 billion
Imports also increased by 10.25% to $54.09 billion in the month under review from $49.06 billion in April 2023 due to a significant jump in gold imports
Petrol, diesel price cut by up to ₹15.3 in Lakshadweep islands
Petrol and diesel prices have been reduced by ₹15.3 per litre in Andrott and Kalpeni islands and ₹5.2 a litre for Kavaratti and Minicoy in Lakshadweep islands - Oil Ministry
Petrol costliest in Andhra Pradesh & Kerala; BJP-ruled MP, Bihar close behind
The three state-owned fuel retailers - Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) - last week cut petrol and diesel prices by ₹2 a litre each, ending a nearly two-year hiatus in price revision
Critical Mineral Play: India’s PSUs unite to acquire resources globally
The idea is to expand industries such as electric vehicles and renewables, where China commands a lead
Govt extends bids submission date of OALP Round IX to May
The Ministry of Petroleum extends OALP bidding round IX to May 15, offering 8 blocks spanning various basins and depths.
Price cut on petrol, diesel deflates OMC stocks
Analysts wary of price control impact on industry
Oil marketing companies cut petrol, diesel prices by ₹2 per litre
The last reduction in the prices of auto fuels was through a cut in excise duty in November 2022
India’s oil demand grows by 2.4% on year in February: S&P Global
India’s February oil demand rises 2.4% YoY, led by gasoil and gasoline; expected to grow 206,000 b/d in 2024
Auto & jet fuel consumption hits record in March as political & industrial activity intensifies
Petrol, diesel consumption in March second highest on record, while jet fuel usage at all time high high.
IOC, BPCL, HPCL post ₹81,000 crore record profit in FY24
All the three companies posted the highest ever standalone as well as consolidated net profit in FY24
India’s fuel consumption breaks records in May 2024 amid political campaigns and heatwaves
Both diesel and petrol usage reached record highs, indicating the country’s growing industrial base and escalating need for personal and commercial mobility
Electric vehicle (EV) insurance: Coverage for battery replacement, roadside assistance top insurance add-ons, finds survey
Premium is the top consideration while picking insurance, claims a recent ICICI Lombard survey on electric vehicles.
Strong hybrids need to replace ICE models and not EVs: Maruti Suzuki executive
Maruti Suzuki India executive emphasizes strong hybrids over fossil fuel-powered models and pure electric vehicles (EVs) for auto industry sustainability.
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.