Latest Fuel News
Recent fuel, transport, and policy updates presented in a clear and scan-friendly format.
New Honda Amaze launched under Rs 10 lk: Check price, variants and other specifics
Honda launched the 2024 Amaze in India. Prices start at Rs 8 lakh. The car now features advanced driver assistance systems (ADAS). This makes it the cheapest car in India with ADAS. The Amaze comes with a 1.2-litre petrol engine. It is available in both manual and automatic transmissions. Honda claims a mileage of up to 19.46kmpl.
Petrol, diesel, jet fuel sales surge in November as economy picks up
LPG sales were also up 7.3 per cent year-on-year at 2.76 million tonnes in November as more households have switched to cooking gas under various schemes for the welfare of the poor introduced by the government.
Ambuja Cements shares up nearly 1% as it partners with Finland-based Coolbrook to reduce fossil fuel dependency
Ambuja Cement Share Price: Adani Group's Ambuja Cements shares increased nearly 1% following a partnership with Coolbrook. The collaboration will utilize Coolbrook’s RotoDynamic Heater technology to reduce fossil fuel dependence and carbon emissions in cement manufacturing.
Govt deploys advanced tech to monitor fuel stations nationwide: Parliamentary Report
The government has implemented an advanced monitoring system for retail fuel outlets nationwide, leveraging technologies like OTP-based calibration and digital payment systems. This initiative, developed under the Legal Metrology Act, aims to enhance regulatory oversight, protect consumer interests, and ensure a fair marketplace by conducting real-time data analytics and precision in fuel dispensing.
Greenzo to partner France's EODev to launch H2-powered gensets in India
Greenzo Energy India (GEIL) has entered a 20-year partnership with France's EODev to introduce hydrogen fuel cell power generators in India, utilizing Toyota's hydrogen fuel cell technology. This initiative aims to replace fossil-fuel-based generators in facilities like telecom towers and data centers, significantly reducing emissions and investing around ₹200 crore initially.
Windfall tax on domestic crude, fuel exports scrapped after 30 months
India has scrapped the windfall profit tax on domestically-produced crude oil and exported jet fuel, diesel, and petrol, due to declining international oil prices. The tax, in place since July 2022, collected ₹44,000 crore. The move follows a recommendation from the petroleum and natural gas ministry, stating that the levy had served its purpose.
Nitin Gadkari confesses why he does not want to visit Delhi
Union minister Nitin Gadkari dislikes visiting Delhi because of the high pollution levels, which often cause him infections. He suggests reducing fossil fuel consumption to tackle pollution. Delhi's air quality slightly improved with an AQI of 274, marking the third day of relief. Gadkari also pointed out the need to address poverty, hunger, and unemployment in India.
Railways to retain 2,500 diesel engines amid green transition
Indian Railways will keep 2,500 diesel engines for emergencies and strategic use while aiming for full track electrification. The plan includes 1,000 Wabtec engines and 1,500 high horsepower locomotives. Nearly 97% of the railway network is already electrified. Additional production and exports are expected. A budget of ₹14,155.90 crore was allocated to run diesel trains in 2023-24.
Indian airlines may take Rs 2,000-3,000 crore loss this fiscal even as more passengers rush to fly
The Indian aviation sector is witnessing a paradox with record passenger growth and continuing financial issues. Despite an increase in passenger traffic, airlines are struggling due to high operating costs, suppressed ticket prices, and supply chain challenges, resulting in expected net losses of Rs. 20-30 billion in FY2025 and FY2026.
Biden administration will not finalize clean fuel tax credit guidance
The Biden administration will not finalize guidelines on clean fuel tax credits for airlines and biofuel industries before January, casting doubt on sustainable aviation fuel production goals. Legislative backers seek to extend existing tax credits amid political disputes and unfinished policy details, affecting climate targets.
Rajputana Biodiesel shares debut at 90% premium over IPO price on NSE SME platform
Shares of Rajputana Biodiesel debuted at a 90% premium, listing on the NSE SME platform at Rs 247. The Rs 25 crore IPO saw immense interest with over 700 times subscription. Proceeds will be used for various corporate needs. Rajputana manufactures bio-fuels, intending to explore export opportunities and align with India's blending targets.
Govt scraps windfall tax on petrol, diesel exports; big relief for Reliance, ONGC
The government has abolished the windfall tax on aviation turbine fuel, crude products, petrol, and diesel after extensive deliberations. This decision is a relief for oil giants like Reliance and ONGC. The levy, introduced in July 2022 due to rising global crude prices, had aimed to capture revenue from producers' windfall gains. This move shall benefit the refining margins significantly.
ATF price hiked 1.45%, commercial LPG up ₹16.5 per cylinder
This is the second straight monthly increase in jet fuel prices; Rates were increased by ₹2,941.5 per kl (3.3 per cent) on November 1
Petrol, diesel sales rebound on festival demand
India's petrol and diesel consumption soared in November as the festive season reversed a fall in demand witnessed in previous months, preliminary data of state-owned firms showed on Friday.
Diesel breaks stagnation, grows 8.4% in Nov
Diesel sales grew 8.4% year-on-year in November, ending a period of stagnation this fiscal. Petrol sales rose 9.2%, jet fuel increased by 7.7%, and LPG saw a 7.3% growth. The rise in diesel sales was supported by the sowing season, elections, and new vehicle sales.
Alternative fuels key to making India self-reliant: Nitin Gadkari
Minister Nitin Gadkari emphasizes the importance of switching to biofuels and electric vehicles for sustainable development. India's transport sector heavily contributes to air pollution, and significant fossil fuels are imported annually. Initiatives like bio-CNG projects and municipal waste-to-bio-CNG projects are promoting a green economy, creating jobs, boosting exports, and making India self-reliant.