U.S. fuel prices are expected to increase due to President Trump's tariffs on Canadian and Mexican oil. The tariffs aim to address immigration and drug smuggling issues but may counteract efforts to control inflation, affecting costs for refiners and ultimately consumers.
SpiceJet is set to re-induct its grounded Boeing 737 MAX aircraft into operations starting January 25. The addition will enable the airline to serve high-demand markets such as Jeddah and Riyadh, enhancing operational capacity and reducing costs with fuel-efficient planes. The airline plans to restore ten aircraft, including four Boeing 737 MAX planes, by mid-April 2025.
US transportation department moves to rescind Biden administration fuel economy standards.
India, the US, and Middle East are set to add 100 GW of solar capacity in 2025, while China will dominate as the main global manufacturer. Module prices will rise after two years of low prices, aiding manufacturers. Emerging technologies like TOPCon and HJT will overtake PERC, driving better efficiencies. Policy uncertainties and protectionist measures may affect growth.
IOC Chairman Arvinder Singh Sahney reassured the stabilizing of fuel prices in India despite volatile crude oil rates. He highlighted the priority of balancing fuel affordability with financial stability through government support, emphasizing the commitment to providing essential energy while ensuring the company’s financial health.
Electric car adoption in India is set to grow from 2% to 9% by FY30, driven by automakers' focus on EV models to meet fuel efficiency norms. The Bharat Mobility Expo 2025 highlighted the shift toward eco-friendly vehicles and advanced technologies, including integrated solutions for EVs. The sector is moving towards a sustainable and competitive future.
The Indian automobile industry is experiencing a significant shift towards electric, flex-fuel, and CNG vehicles, as showcased at the Bharat Mobility Auto OEM Expo. Major automakers are addressing EV adoption challenges and embracing premiumization trends, leading to new launches and higher average selling prices in the market.
)
BPCL Q3 FY25 Results: Oil marketing PSU BPCL reported a 93.9 per cent sequential jump in its net profit for the October-December period. Read on to learn more about BPCL's latest report.
As of January 2025, India’s non-fossil fuel-based power capacity reached 217.62 GW, with a notable increase in solar and wind installations in 2024. The country targets 500 GW by 2030. Expansion in rooftop and off-grid solar sectors highlights significant growth, driven by government initiatives.
The centre will conduct research development, technology innovation, testing, validation, and engineering services in the mobility space.
NTPC is setting up a 50 MW solar project in Sri Lanka through a joint venture with Ceylon Electricity Board. The project, named Trincomalee Power Company Limited, will be located in Sampoor and has a finalized tariff of 5.97 US cents per unit. This initiative aims to diversify Sri Lanka's energy mix and boost clean energy capacity.
Union Minister Hardeep Singh Puri indicates increased US oil and gas supply to India following the Trump administration's plan to boost production. India is seeking energy from various global suppliers and witnessing price impacts. Puri calls for more flex-fuel vehicles and anticipates early achievement of 20% ethanol blending.
Tata Motors, in collaboration with IOCL, is set to pilot hydrogen internal combustion engine-powered trucks on three routes from the March quarter. The 18-month project is part of the National Green Hydrogen Mission and aims to gather valuable data for product and infrastructure improvements.
Cummins unveiled its HELM engine platforms at Bharat Mobility Global Expo 2025, featuring advanced diesel, natural gas, and hydrogen variants for diverse operational needs. This includes a BSVI-ready L10 engine, B6.7N natural gas engine, and an advanced Hydrogen Fuel Delivery System, supporting sustainable and flexible power choices aligned with India's economic and environmental goals.
Reliance Industries gained 2.6% on bourses amid broader market weakness due to strong third-quarter performance in retail and O2C segments. Retail saw a festive demand pull with expected normalization, while digital segment ARPU growth missed estimates. Oil and gas revenue was pressured by lower production and realisation.
With 6,500+ retail outlets across India, Nayara Energy has been adding new retail outlets to its network and has been growing steadily across various states such as Gujarat, Maharashtra, Tamil Nadu and Rajasthan
Sweden has commenced construction on a final storage facility for spent nuclear fuel, set to store highly radioactive waste for 100,000 years. This significant milestone is part of the efforts to address nuclear waste disposal challenges and aid in climate transition. The Forsmark repository, costing approximately 12 billion crowns, will operate fully by 2080, though safety concerns linger.
Private sector refiners Reliance and Nayara Energy significantly increased their diesel and petrol retail sales in April-December 2024, gaining market share from state-run refiners. RIL-BP and Nayara used aggressive promotions and price discounts to attract customers as state-run refiners maintained stable prices.
Suzuki Motorcycle India Pvt Ltd launched its first electric scooter, e-Access, at Bharat Mobility Expo 2025. The company also introduced two other models, including the GIXXER SF 250 Flex Fuel. Suzuki emphasized its commitment to electric mobility and carbon neutrality. The new introductions aim to expand Suzuki's presence in the Indian two-wheeler market.
The industry's goal of net zero carbon emissions by 2050 faced skepticism amid slow progress in sustainable aviation fuel adoption, regulatory pressure, and potential green policy rollbacks under a Trump presidency.
IndiGo has been fined Rs 25 lakh by Ludhiana's Joint Commissioner (Customs) over a customs dispute involving unconsumed Aviation Turbine Fuel. The company disclosed the penalty, stating no material impact on its financials or operations and intends to challenge the order legally. IndiGo’s firm stance involves taking appropriate legal measures against the penalty.
Prime Minister Narendra Modi highlights India as a prime location for investment in the mobility sector, emphasizing government support for green vehicles and infrastructure development. Sales of electric vehicles have surged, and the auto industry is poised for significant growth. Modi encourages investment, citing the rise of the middle class and a strong automotive market.
State-owned PFC has signed an agreement with Japan Bank for International Cooperation (JBIC) for a 120 billion Japanese yen loan facility to finance renewable energy projects. This largest green financing deal by JBIC in India aims to support the nation's transition to non-fossil-fuel-based energy sources.
The government plans to grant a Rs 35,000 crore subsidy to IOC, BPCL, and HPCL to cover losses from selling domestic LPG at unchanged prices despite rising costs. The subsidy will be dispensed over two years, starting with Rs 10,000 crore in the current fiscal year.
Oil prices fell further due to a significant increase in U.S. fuel inventories, with Brent crude and West Texas Intermediate both dropping by 0.4%. Despite the drop, concerns over tighter supplies from OPEC and Russia limited further declines. Market dynamics are influenced by winter demand and potential changes in U.S. policies with the new administration.
Founded in 2019, AtoB sees major opportunity in modernising payments for the $1 trillion commercial fuel and transportation industry, particularly trucking. It partners not only truckers and small businesses but major banks as well as oil and gas companies, building a digital infrastructure to bring them together, cofounder and CEO Vignan Velivela said.
The rise in import duties, which comes on top of a separate policy last October to reduce tax rebates on fuel oil shipments, will further crimp margins for China's refining sector that has been reeling from lacklustre margins since last year.
Airbus SE delivered 766 aircraft in 2024, just below its 770 target. The A321neo model constituted 60% of these deliveries. Airbus also secured 826 net orders, bringing its backlog to 8,658 planes. The company considers 2024 a good year despite a challenging environment, according to Christian Scherer, the CEO of Airbus's commercial aircraft unit.
Railway Minister Ashwini Vaishnaw revealed that Indian Railways has created the world's most powerful hydrogen fuel-run train engine, with 1,200 horsepower. The first trial is set to occur soon in Haryana. This technology could also be used in trucks and tugboats. Vaishnaw discussed transforming Odisha into an IT hub in the next two to three years.
Oil prices rose on Friday, driven by cold weather in Europe and the U.S., and economic stimulus from China. Brent crude futures reached $76.51 per barrel, and West Texas Intermediate hit $73.96. The gains were supported by increased demand for heating oil, a drop in U.S. crude stockpiles, and a fall in the U.S. oil rig count.