Latest Fuel News

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

Govt plans National Green Financing Institution to achieve climate goals: NITI Aayog

NITI Aayog is planning to establish a National Green Financing Institution to meet India's 2070 net-zero target due to insufficient climate finance. The institution will aggregate green capital from various sources to reduce capital costs. India's climate goals include reducing GDP emission intensity by 45% and achieving 50% non-fossil fuel electric power capacity by 2030.

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India looking at increasing ethanol blending with petrol to over 20 pc: Puri

India plans to increase ethanol blending in petrol beyond 20%, with a NITI Aayog committee exploring the feasibility. Currently, the blending rate stands at 19.6%. Petroleum Minister Hardeep S Puri mentioned that fossil fuel companies aim to achieve net zero emissions by 2045, despite developmental challenges.

Fuel demand growth slows to 3.5% in Apr-Jan

India's petroleum demand growth slowed to 3.5% this fiscal, down from 5.1% last year, mainly due to reduced diesel consumption and declining bitumen sales. Diesel sales rose 4.2% in January due to increased holiday demand and freight movement. Petrol sales remained strong, growing at 7.9% in April-January. Bitumen consumption declined by 4.9%, indicating slower road construction.

Mountains may be hiding a revolutionary source of energy. Here's what it is and how a cigarette led to its discovery

Large reserves of white hydrogen might be found in mountain ranges like the Pyrenees and the European Alps. This clean-burning gas can be extracted to replace fossil fuels and help tackle the climate crisis. Scientists are using computer models to identify the best locations for hydrogen production, offering potential hope for future energy solutions.

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Oil set to snap three-week losing streak amid rising fuel demand

Oil prices rose on Friday, set to end a three-week slump. Brent and WTI prices saw modest gains as rising fuel demand and delayed U.S. tariffs eased trade war fears. Predictions of increased heating fuel use in February and potential shifts from gas to oil in Europe also bolstered prices.

Boeing ties up with HPCL for sustainable aviation fuel ecosystem

Boeing and HPCL have partnered to develop a sustainable aviation fuel (SAF) ecosystem in India. This collaboration aims to increase domestic SAF production, certify locally produced SAF, and support policy development. HPCL focuses on commercializing SAF, utilizing innovative technologies like converting used cooking oil into SAF.

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Finland's Neste to slash around 600 jobs as quarterly core profit slumps

Finnish oil refiner Neste plans to cut around 600 jobs due to declining renewable fuel prices and excess supply, resulting in a significant drop in quarterly profits. The firm also warned of ongoing market challenges and regulatory uncertainties in the U.S., delaying the Rotterdam refinery's commercial start.

World must explore solutions to environmental crises without relying on US: Experts

US President Donald Trump has reversed restrictions on plastic straws, indicating a broader setback in combating plastic pollution. Experts warn this move could undermine global efforts and slow down the progress towards a legally-binding treaty to address the plastic crisis. The world might need to find solutions without relying on the US.

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Compressed biogas offers a sustainable solution to Delhi's pollution crisis: Report

Delhi's pollution crisis demands a shift in agricultural waste management with compressed biogas (CBG) as a potential solution. A single CBG plant producing 10 tons per day can significantly reduce particulate matter emissions, equivalent to replacing numerous petrol cars with electric vehicles. Comprehensive efforts from the government, private sector, and farmers are necessary for effective adoption.