Latest Fuel News
Recent fuel, transport, and policy updates presented in a clear and scan-friendly format.
What is the 'Infinity tracing technique'? This 'weird but effective' trick could help you fall asleep faster
Struggling to fall asleep because your mind won’t stop racing? A doctor on TikTok has gone viral for sharing the ‘Infinity Tracing Technique’—a curious yet calming trick designed to lull overactive brains into rest. It involves nothing more than a finger, your eyes, and a little bedtime magic. Here’s how it works—and why it might just help you sleep faster tonight.
Global plastic recycling rates 'stagnant' at under 10%: Study
The amount of plastic being recycled around the world is stagnant at less than 10 percent with most new plastic still made from fossil fuels, a new study said Thursday. The rest was produced from fossil fuels, predominantly oil and gas, demonstrating "little progress" in addressing environmental concerns related to plastics production.
Reliance BP & Nayara Energy fuel sales outgrow PSU peers'
According to industry data, private players grew both their combined domestic diesel and petrol retail sales by 19.7% year-on-year in FY25. By comparison, state-run companies' combined diesel sales dropped by 0.6%, while petrol grew by 6.4%. The overall sales growth for private and public retailers combined was 7.5% in petrol and 1.2% in diesel.
UN shipping body approves global carbon pricing system
Member states of the International Maritime Organization have voted in favour of a global pricing system to help curb maritime carbon emissions, the UN shipping body announced Friday. A majority of members -- 63 states -- voted for the carbon pricing system, including the European Union, Brazil, China, India and Japan.
Govt initiates pilot projects to deploy hydrogen-powered buses and trucks
Nitin Gadkari announced that the Ministry of Road Transport and Highways has started hydrogen vehicle pilot projects. These projects include buses and trucks. The initiative is part of the National Green Hydrogen Mission. Testing will occur on ten routes across India. Major companies like TATA Motors and Reliance are involved. The government has allocated Rs 208 crore for this initiative.
PM Modi finally gave befitting reply to 'tariffs': Rahul Gandhi's dig at government over excise duty hike on fuel
The Congress party has criticized the government's decision to raise excise duty on petrol and diesel by ₹2 per litre. Rahul Gandhi and Mallikarjun Kharge accused the Modi government of exploiting citizens already burdened by inflation, despite a significant drop in international crude oil prices since 2014.
Continue Jan Akrosh Yatra against Central government: Karnataka DK Shivakumar tells BJP protesters
Karnataka's Deputy CM Shivakumar has advised BJP leaders to direct their 'Jan Akrosh Yatra' against the central BJP government, citing its role in petrol, diesel, and gas price hikes. This comes after the Karnataka BJP announced protests against state price increases and new taxes. BJP leader R Ashoka has accused CM Siddaramaiah of corruption and criticized rising liquor prices.
Why is Modi govt increasing petrol, diesel excise duties even when global oil prices are decreasing?
The government has increased excise duty on petrol and diesel by Rs 2 per litre to boost revenues despite falling global crude prices. This move aims to offset the financial impact of recent tax cuts and windfall tax reliefs. India's oil minister suggests potential future fuel price reductions if low crude prices persist.
'Wow Modi ji wow!!' Excise duty hike sparks Opposition attack amid global oil price dip
The Union government has raised the excise duty on petrol and diesel by ₹2 per litre, effective April 8, 2025, to boost revenue. Congress President Mallikarjun Kharge criticized the move, citing declining crude oil prices. The Oil Ministry assured this hike won't impact consumers due to recent retail price cuts. Major oil marketing company shares fell following the announcement.
Siddaramaiah cites excise duty hike on fuel, mocks BJP for their campaign on price rise
Chief Minister Siddaramaiah criticized the BJP's protest campaign, coinciding with a central excise duty hike on petrol and diesel. He accused Prime Minister Modi of exposing the BJP's hypocrisy and blamed the Union Government's economic policies for rising fuel prices. Siddaramaiah challenged BJP leaders to address the price hikes or face public anger, highlighting the impact on essential goods.
Draft EV Policy 2.0: In green push, Delhi plans to phase out non-electric 3-wheelers, 2-wheelers
Delhi's upcoming EV Policy 2.0 proposes phasing out CNG autorickshaws, with no new registrations after August 15th. Existing CNG permits won't be renewed, replaced by e-auto permits. The policy targets fossil fuel vehicles used for waste management and city buses, mandating a complete electric transition by 2027.
Pressure mounts on Govt for petrol, diesel price cut with Brent in free-fall
Global crude oil prices continued their downward descent on Monday with Brent prices ruling at $63.23 per barrel in early afternoon (India time), a decline of over 3%
Fuel duties raised without retail price hike; LPG cylinder now costlier by ₹50
The special additional excise duty on petrol and diesel has been raised by ₹2 each to ₹13 and ₹10, respectively, to offset global price drops and help recover oil PSU losses, potentially yielding ₹32,000 crore annually
Dividend receipts from CPSEs exceed revised estimates, surge to all-time high of nearly ₹66,000 cr
Dividends declared by operating CPSEs in FY 2023-24 stood at ₹1.23 lakh crore against ₹1.05 lakh crore in FY 2022-23, showing an increase of over 16%
Oil Minister Hardeep Singh Puri hints at potential petrol, diesel price cut if global crude prices remain subdued
Oil Minister Hardeep Singh Puri hinted at a potential reduction in petrol and diesel prices, contingent on global crude prices continuing to stay low. He mentioned that if crude prices remain subdued, consumers could reasonably expect a fuel price cut after a year-long hiatus.
Govt will continue to intervene in fuel pricing: Reliance-BP fuel retail CEO
Reliance BP Mobility CEO Harish Mehta stated that the government will continue intervening in domestic fuel pricing to protect consumers from international market fluctuations. While petrol was deregulated in 2010 and diesel in 2014, recent events have disrupted this alignment.