Latest Fuel News
Recent fuel, transport, and policy updates presented in a clear and scan-friendly format.
Trump Presidency set to benefit India, Asian countries due to US-China rivalry: Moody's Ratings
Moody's Ratings predicts that India and other Asian nations could benefit from US-China tensions and investment shifts under a potential Donald Trump presidency. Trump's protectionist trade policies, particularly towards China, are expected to redirect trade and investment flows, potentially benefiting India and ASEAN countries. However, these policies could also disrupt global supply chains and hinder global growth.
India, Saudi Arabia top buyers of Russian VGO and fuel oil in October, LSEG data shows
Russian fuel oil and vacuum gasoil (VGO) exports dipped 3% in October, with India and Saudi Arabia emerging as top recipients. While Saudi imports dipped, India's intake surged as it sought cheaper alternatives to Urals crude. China, another major importer, saw a decline amidst potential tax reforms impacting fuel oil demand.
India will develop complete solar manufacturing ecosystem in 4-5 years: Avaada Group
Vineet Mittal, Founder and Chairman of Avaada Group, projects that India will achieve a complete solar equipment manufacturing ecosystem within the next four to five years. This ambitious goal aims to reduce reliance on imports and establish India as a renewable energy leader.
Diwali, rising disposable income lifts jet fuel consumption in October to second highest on record
Diesel and petrol consumption rise during the month
ICICI Bank credit card changes from November 15: Fuel surcharge waiver, lounge access, late payment fee structure
New credit card rules: ICICI Bank informed its credit card users via SMS regarding the updates. Here’s a summary of what changes are being implemented for ICICI Bank credit card customers, based on an SMS that was sent by the bank.
ICICI Bank credit card changes from November 15: Fuel surcharge waiver, lounge access, late payment fee structure
New credit card rules: ICICI Bank informed its credit card users via SMS regarding the updates. Here’s a summary of what changes are being implemented for ICICI Bank credit card customers, based on an SMS that was sent by the bank.
ADB lauds India's fossil fuel subsidy reforms
India has significantly cut its oil and gas subsidies by 85 per cent from 2013 to 2023. This was achieved using policy reforms including phasing out petrol and diesel subsidies and increasing taxes. The extra tax revenue from these increases funded renewable energy projects, electric vehicles, and LPG usage among the rural poor, reshaping India's energy landscape.
ADB lauds India's fossil fuel subsidy reforms
India has significantly cut its oil and gas subsidies by 85 per cent from 2013 to 2023. This was achieved using policy reforms including phasing out petrol and diesel subsidies and increasing taxes. The extra tax revenue from these increases funded renewable energy projects, electric vehicles, and LPG usage among the rural poor, reshaping India's energy landscape.
ATF price hiked by over 3 per cent in Delhi, Mumbai
Jet fuel (ATF) prices have been increased by 3.3% to Rs 90,538.72 per kilolitre in the national capital, following previous reductions. The price of commercial LPG was hiked by Rs 62 to Rs 1,802 per 19-kg cylinder. Prices for petrol and diesel remain unchanged since mid-March.
ATF price hiked by over 3 per cent in Delhi, Mumbai
Jet fuel (ATF) prices have been increased by 3.3% to Rs 90,538.72 per kilolitre in the national capital, following previous reductions. The price of commercial LPG was hiked by Rs 62 to Rs 1,802 per 19-kg cylinder. Prices for petrol and diesel remain unchanged since mid-March.
Oil prices rise on optimism over solid US fuel demand
Oil prices rose driven by unexpected drops in U.S. crude and gasoline inventories and potential delays in OPEC+ output increases. Brent and WTI futures gained after a significant mid-week rally. Analysts attribute the rise to stronger-than-anticipated fuel demand and potential postponement of OPEC+ production hikes.
Oil prices rise on optimism over solid US fuel demand
Oil prices rose driven by unexpected drops in U.S. crude and gasoline inventories and potential delays in OPEC+ output increases. Brent and WTI futures gained after a significant mid-week rally. Analysts attribute the rise to stronger-than-anticipated fuel demand and potential postponement of OPEC+ production hikes.
'Waiting in vain': Year on from pledge, world clings to fossil fuels
One year after world leaders issued the landmark call for a global move away from fossil fuels, nations are failing to turn that promise into action, say climate diplomats, campaigners and policy experts. Many are promising bold policies that align with agreed warming limits, but are approving new oil and gas fields -- an impossible contradiction, says the UN's expert climate panel.
'Waiting in vain': Year on from pledge, world clings to fossil fuels
One year after world leaders issued the landmark call for a global move away from fossil fuels, nations are failing to turn that promise into action, say climate diplomats, campaigners and policy experts. Many are promising bold policies that align with agreed warming limits, but are approving new oil and gas fields -- an impossible contradiction, says the UN's expert climate panel.
North Korea boasts of 'the world's strongest' missile, but experts say it's too big to use in war
North Korea recently launched an intercontinental ballistic missile, the Hwasong-19, calling it "the world's strongest." Experts question its wartime practicality due to its enormous size. Analysts suggest North Korea still faces technological challenges in making functional ICBMs. The launch appears partly as a response to international criticisms and to draw attention before the U.S. presidential election.
North Korea boasts of 'the world's strongest' missile, but experts say it's too big to use in war
North Korea recently launched an intercontinental ballistic missile, the Hwasong-19, calling it "the world's strongest." Experts question its wartime practicality due to its enormous size. Analysts suggest North Korea still faces technological challenges in making functional ICBMs. The launch appears partly as a response to international criticisms and to draw attention before the U.S. presidential election.