Latest Fuel News
Recent fuel, transport, and policy updates presented in a clear and scan-friendly format.
No need for panic buying: OMCs assure uninterrupted availability of auto fuels, LPG
“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
Marginal hike in fuel prices in Kolkata
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 Naidu holds meeting with airlines' representatives; discusses various issues
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.
May petrol sales in fast lane as summer travel peaks, diesel & ATF go off the boil, LPG on fire
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.
IOCL, BPCL urge calm as fuel panic buying begins amid India-Pakistan tensions
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.
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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.
EU proposes ending all Russian gas imports by 2027
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 fall below $60 per barrel, time ripe for hike in fuel duties
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 deploys India's 1st hydrogen-powered truck for mining logistics
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.
Fuel retailers advise against panic buying
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.
As oil prices fall; here are today's gasoline and diesel prices in the U.S; check state-wise rates
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’s 9.1 Billion-Dollar bet: What it means for Parkland and Canadian gas stations?
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.
Asian Paints, IndiGo shares jump up to 4% as Brent crude oil price falls below $60
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.
Maharashtra govt mulling policy to deny fuel to unfit vehicles: Minister
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.
Diesel demand growth falls to lowest since pandemic
Industry officials said diesel still powers three-fourth of India's transport sector but the growth is moderating due to the EV shift
Petrol, diesel demand rises in April as summer fuels consumption
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%.