Latest Fuel News
Recent fuel, transport, and policy updates presented in a clear and scan-friendly format.
Airlines are price takers, they do not have influence on prices they pay: IATA Chief Economist
Airline ticket prices have not kept pace with inflation. Airlines struggle with high costs like jet fuel and administrative fees. They are price takers, facing limited control over both supply and demand. This makes increasing profits difficult. Airlines want to diversify revenue streams. However, small profit margins and weak finances complicate this goal.
Ukrainian drones hit fuel storage area in central Russia, attack other areas
Ukrainian drones launched attacks across several Russian regions, targeting an infrastructure facility with fuel storage in Oryol, causing a fire and damaging nearby homes. Air defenses intercepted drones in Krasnodar and Bryansk, while attacks in Belgorod resulted in minor injuries and property damage.
Diesel, petrol consumption in November hit a 6-month high
Festival season, farm harvest and assembly elections campaigns in Maharashtra and Jharkhand lift auto fuel demand to a six-month high.
ARAI revs up for auto sector's future, retools itself for a new era of testing electric vehicles
ARAI, India's automotive testing authority, is adapting to the electric vehicle revolution. They are enhancing testing for EV safety, battery performance, and range, while still addressing ICE vehicle homologation with alternative fuels like CNG, ethanol, and hydrogen. ARAI collaborates with automakers, ensuring compliance with evolving national and international standards.
Work in progress to reduce air pollution, enhance farm income: Nitin Gadkari
Road Transport Minister Nitin Gadkari outlined government efforts to tackle air pollution, reduce logistics costs, and lower fossil fuel imports. He highlighted projects converting rice straw to fuel, promoting precast construction materials, and developing green express highways. Gadkari also addressed road safety concerns and emphasized his commitment to socio-economic reform.
Reliance, ReNew among 14 firms bid for incentives for green hydrogen production
Fourteen companies, including Reliance and ReNew, have submitted bids for India's green hydrogen transition scheme. The bids total 450,000 tonnes of capacity, vying for a maximum of Rs 5,400 crore in incentives over three years. The scheme aims to boost domestic green hydrogen production and electrolyser manufacturing.
India's non-fossil based capacity rises 14 pc to 214 GW
India's non-fossil fuel based power capacity reached 213.7 GW in November 2024. This is a 14.2% yearly increase. 14.94 GW of renewable energy was added between April and November 2024. Solar capacity reached 94.17 GW. Wind capacity reached 47.96 GW. Nuclear, bioenergy, hydro, and small hydro also contributed to the growth.
Tax on automobiles must be tech agnostic, focus on reducing fossil fuel use, decarbonisation: Toyota Kirloskar Motor
Toyota Kirloskar Motor's Executive VP Vikram Gulati advocates for tax incentives for hybrid vehicles, emphasizing that taxation should align with national goals such as reducing fossil fuel consumption, decarbonization, and promoting "Make in India."
Air passenger numbers to top five billion in 2025: IATA
The International Air Transport Association (IATA) projects over five billion air passengers in 2025, marking a historic milestone. Industry revenues are anticipated to surpass $1 trillion due to decreasing fuel prices. Despite supply chain disruptions and infrastructure issues, profits are estimated at $36.6 billion. However, aircraft delivery delays hinder airlines' efforts to modernize fleets and reduce emissions.
Global airlines see growth in 2025 despite supply chain issues
Airlines predict record profits and passenger numbers for 2025. Revenues are expected to top a trillion dollars. The industry expects 5.2 billion passengers to fly. Supply chain problems and rising taxes pose challenges. Jet fuel prices are projected to decrease. Geopolitical uncertainties could impact the industry.
India's CPI inflation likely to ease to 5.5% in Nov from 6.2% in Oct: Morgan Stanley
India's Consumer Price Index (CPI) inflation is expected to decrease to 5.5% year-on-year in November, down from 6.2% in October, according to Morgan Stanley. This decline is primarily driven by falling food prices and a slowdown in core CPI, which excludes food and fuel. A report by Union Bank of India also predicts a decline in CPI inflation to 5.4%, citing a drop in vege
A booming and coal-heavy steel sector risks India’s green goals
India's steel production is booming, but its dependence on coal raises concerns. The country aims for net-zero emissions by 2070. However, steel industry's growth relies on coal-fired plants. This approach clashes with decarbonisation efforts. Experts warn of stranded assets and financial risks. The government promotes green steel and carbon capture, but faces challenges.
Govt announces ALMM for PV cells to push India's green energy transition
India mandates domestically sourced solar cells for all new solar projects starting June 2026. This new policy expands the Approved List of Models and Manufacturers (ALMM) to include solar cells (List II), ensuring quality and boosting local manufacturing. Projects bid out before the order are exempt. This move supports India's 500 GW clean energy target by 2030.
Jay-Z's Legal Team Requests Court to Reject Sexual Assault Accuser's Plea for Anonymity
The hip-hop star and entrepreneur has been accused of raping a 13-year-old girl in 2000, allegedly along with Sean “Diddy” Combs.
Jay-Z and Sean 'Diddy' Combs have been named in a civil lawsuit alleging the rape of a 13-year-old girl in 2000
Jay-Z responded with a lengthy statement calling the allegations "idiotic." The accuser is anonymous.
Honda to recall over 205,000 US SUVs over fuel leak concern: NHTSA
Honda is recalling 205,760 SUVs in the US due to a fuel leak issue. The recall affects certain 2023-2025 Passport and Pilot models, where the fuel filler neck tube and pipe may separate. Dealers will inspect and repair the affected vehicles free of charge.