Latest Fuel News
Recent fuel, transport, and policy updates presented in a clear and scan-friendly format.
Indian, South Asian airlines expected to add 2,835 planes over 20 yrs: Boeing
Indian and South Asian airlines are set to add 2,835 new aircraft over the next 20 years to meet rising demand for air travel. Boeing's forecast indicates annual traffic growth of over 7%, driven by economic growth and improved connectivity. The region's commercial fleet is expected to nearly quadruple by 2043.
Hindustan Petroleum plans to raise Vizag oil refinery capacity by as much as 20%
Hindustan Petroleum plans to increase the capacity of its Vizag oil refinery by 20% to meet rising local fuel demand. The company will also start operations at Vizag's new units to improve yield and margins while building a petrochemical plant at its Barmer refinery to enhance petrochemical conversion.
India's oil demand to peak later than in other major economies: S&P Global Commodity Insights
India's refined crude demand is expected to peak later than other major economies, driven by a growing population and rising per capita income. S&P Global Commodity Insights predicts refined product demand to reach 5.7 million barrels per day by 2026, with significant EV adoption affecting fuel demand. Planned refinery expansions will bolster production capabilities.
Nuclear startup Clean Core raises $15.5 million for thorium fuel from Sumant Sinha, Deepak Parekh, others
Clean Core Thorium Energy, a US nuclear fuel startup, raised $15.5 million in funding over two rounds, with the latest closing in December 2024. The funds support commercialization of its ANEEL fuel for use in India's reactors, in partnership with NTPC Ltd and L&T, pending regulatory approvals.
Honda Cars achieves E20 petrol compliance for entire model range
Honda Cars India has accomplished E20 petrol compliance certification for all its models, including Elevate, City e:HEV, City, and Amaze. This certification aligns with the Indian government's green fuel initiative, ensuring that Honda cars manufactured since January 1, 2009, support E20 petrol without needing modifications.
China has created this precious commodity in space with just carbon dioxide, water and electricity; here's what it is
China's space agency has successfully produced oxygen and ethylene—essential rocket fuel components—from carbon dioxide, water, and electricity.
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State-run oil marketing companies plan to buy 40% more ethanol to meet 20% blend target
State-owned oil companies in India plan a 40% increase in ethanol procurement in the current supply year to meet the 2025 goal of 20% ethanol blending in petrol. This includes a significant share of ethanol from grain-based sources, boosted by supportive government policies and pricing.
IDFC FIRST Bank revises interest rate, terms and features on its credit cards from this date: Check details
IDFC FIRST Bank credit card changes: These changes will take effect on February 20, 2025. Changes include revision of the Annual Percentage Rate (APR), fuel fee & surcharge waiver, statement & payment due date, education fee payments, railway lounge access, add-on card fee, card replacement fee, and more.
Senate confirms fossil fuel CEO Chris Wright as energy secretary. He vows to 'unleash' US resources
Chris Wright, a fossil fuel executive and CEO of Liberty Energy, has been confirmed as energy secretary by the Senate with a 59-38 vote. Wright, known for opposing climate change efforts, has pledged to promote Trump's agenda of increased fossil fuel production and energy security. Eight Democrats supported his nomination.
Budget 2025: Clean energy tech focus amid transition
India's government supports clean technologies to enhance domestic value addition and create an ecosystem for solar cells, EV batteries, turbines, and high-voltage transmission equipment amid rising electricity demand and global supply challenges. These measures aim to drive capacity expansion and position India as a leader in clean energy manufacturing, aiding the country's 2030 non-fossil fuel power target.
Donald Trump's tariff plan on Mexico and Canada takes effect Feb 1: Which products will see higher prices in US?
While the tariff plan has been reiterated by the Trump administration, some experts suggest it may still be used as a negotiation tactic rather than an immediate policy shift.
Pump prices set to rise as Trump tariffs hit Canadian, Mexican oil
U.S. fuel prices are expected to increase due to President Trump's tariffs on Canadian and Mexican oil. The tariffs aim to address immigration and drug smuggling issues but may counteract efforts to control inflation, affecting costs for refiners and ultimately consumers.
SpiceJet to re-induct its grounded Boeing 737 MAX fleet into service
SpiceJet is set to re-induct its grounded Boeing 737 MAX aircraft into operations starting January 25. The addition will enable the airline to serve high-demand markets such as Jeddah and Riyadh, enhancing operational capacity and reducing costs with fuel-efficient planes. The airline plans to restore ten aircraft, including four Boeing 737 MAX planes, by mid-April 2025.
US moves to repeal Biden administration vehicle fuel economy standards
US transportation department moves to rescind Biden administration fuel economy standards.
India, US, Middle East to add 100 GW solar capacity in 2025; China to remain leader: Wood Mackenzie
India, the US, and Middle East are set to add 100 GW of solar capacity in 2025, while China will dominate as the main global manufacturer. Module prices will rise after two years of low prices, aiding manufacturers. Emerging technologies like TOPCon and HJT will overtake PERC, driving better efficiencies. Policy uncertainties and protectionist measures may affect growth.