Ontario is permanently cutting gas and fuel taxes and removing tolls from Highway 407 East in a move aimed at easing pressure from the rising cost of living and U.S. tariffs. The 2025 Ontario Budget promises relief for families and businesses with long-term cost-saving transportation and tax policies
SJVN Green Energy has commenced commercial operations of 78.23 MW capacity at its Bikaner solar power project. This is part of the larger 1000 MW project, with full commissioning expected by Q3 2025. The project will supply solar power to Rajasthan, Jammu & Kashmir, and Uttarakhand, contributing to India's renewable energy goals.
“There is no need for pain buying. Fuel and LPG is readily available at all outlets,” said the country’s largest auto fuel and LPG marketer
Kolkata experienced a slight increase in petrol and diesel prices due to an adjustment in the basic fuel price by oil marketing companies, raising petrol to Rs 105.41 and diesel to Rs 92.02 per litre. While Kolkata saw a hike, Patna witnessed a decrease in diesel prices, and other eastern states remained stable amidst concerns about consumer inflation.
Civil Aviation Minister K Rammohan Naidu addressed flight disruptions caused by recent airport closures due to the India-Pakistan conflict, urging airlines to acknowledge the armed forces. Airlines raised concerns about Viability Gap Funding losses during closures and requested tax relief on Aviation Turbine Fuel. Enhanced security measures and airspace changes may affect flight schedules and processing times.
Preliminary data revealed a surge in petrol consumption by 10% in early May, driven by increased summer travel, reaching 1.5 million tonnes. Diesel sales saw a modest 2% rise, signaling recovery with 3.36 million tonnes consumed. LPG consumption also experienced robust growth, fueled by Ujjwala connections, while aviation fuel growth slowed due to flight restrictions.
Amid escalating tensions between India and Pakistan, Indian Oil Corporation Limited (IOCL) and Bharat Petroleum Corporation Limited (BPCL) have urged citizens to avoid panic buying of fuel and LPG. Assurances were given that stocks are ample and supply lines are fully functional, following India's 'Operation Sindoor' and Pakistan's retaliatory attempts to target Indian military installations, which were successfully intercepted.
Fuel-tech startup Nawgati raised $2.5 million in a pre-Series A round led by investor Ajay Upadhyaya. The company aims to expand its fleet solutions beyond Mahanagar Gas, scale globally, and enhance its Aaveg platform, which streamlines fuel station, fleet, and consumer operations.
The EU announced a plan to eliminate remaining gas imports from Russia by 2027, addressing Europe's reliance on Russian fossil fuels. EU energy chief Dan Jorgensen emphasized the initiative as a strong message to Russia, asserting that the EU will no longer allow energy to be used as a weapon against them.
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 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.
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.
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 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.
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.
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.
Industry officials said diesel still powers three-fourth of India's transport sector but the growth is moderating due to the EV shift
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%.
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 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.
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.
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.
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%.
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.
Maruti's standalone net sales grew by 6% year-on-year as well as sequentially in the March 2025 quarter to ₹38,848.8 crore while net profit declined by 4% year-on-year but increased 5% sequentially to ₹3,711.1 crore. After rising to 11.1% in the June 2024 quarter from 10.8% in the March 2024 quarter, operating margin (EBIT margin) declined gradually to 8.7% in the March 2025 quarter due to higher manufacturing overheads and administrative expenses, new plant costs, increased advertising spend and adverse commodity prices.
A massive explosion at Iran's Bandar Abbas port, a major container hub, has resulted in at least 40 fatalities and over 1,200 injuries. While the exact cause is under investigation, mishandling of chemicals is suspected, though the government denies claims of missile-related materials.
Ambuja Cements, part of the Adani Group, has achieved a production capacity of 100 MTPA. The company aims to expand to 118 MTPA by FY26 and 140 MTPA by FY28. Ambuja Cements is partnering with Coolbrook to reduce fossil fuel dependency. The company is also focusing on renewable energy, targeting 60% green power usage by FY28.
Oil prices saw a rise early Tuesday. Investors bought to cover losses from the previous day. Concerns remain about tariffs and US monetary policy. These factors could reduce fuel demand. Brent crude futures and US West Texas Intermediate crude both increased. Progress in US-Iran nuclear talks had previously eased supply worries.
The crucial National Highway linking Kashmir to the rest of India remains closed for a second day due to debris in the Ramban area, causing widespread disruption and triggering panic buying. Heavy rainfall and cloudbursts led to flash floods and landslides, resulting in casualties and damage to villages.
)