Latest Fuel News
Recent fuel, transport, and policy updates presented in a clear and scan-friendly format.
Ex Kearney India head Vikas Kaushal appointed as HPCL CMD
He has also served as the Managing Director & Country Head for Kearney India for five years
Marginal impact on fuel efficiency of 4-wheelers due to E20
During the last ten years till ethanol supply year (ESY) 2023-24 (November-October), ethanol blending in petrol by PSU OMCs resulted in savings of more than ₹1.13 lakh crore of foreign exchange
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Castrol India surges 10%, hits 5-month high on strong volumes
Stock jumps 50% from January lows; Motilal Oswal maintains ‘Buy’ with Rs 260 target.
Nayara Energy to make buyback offer to minority shareholders
Nayara Energy announced a buyback offer for its minority shareholders to purchase over 2.59 crore shares at Rs 731 each, providing an exit opportunity for shareholders unable to trade since delisting in 2016. This follows frequent shareholder requests for liquidity.
Tata Motors begins trials of hydrogen-powered heavy duty trucks for long haul transportation
Tata Motors has begun trials for hydrogen-powered heavy-duty trucks to test their effectiveness for long-distance transportation. The 24-month trial includes 16 trucks equipped with Hydrogen Internal Combustion Engines and Fuel Cell technologies on major Indian freight routes. This initiative is part of the National Green Hydrogen Mission, aimed at reducing emissions and enhancing energy self-reliance.
India's renewable energy sector hit by weak demand, cancellations, report says
India's renewable energy sector grapples with low demand for tenders, delays in power agreements, and project cancellations, jeopardizing its 2030 target of 500 GW non-fossil power capacity. With unsigned agreements totaling over 40 GW and 38.3 GW of projects canceled from 2020 to 2024, investor confidence and low-cost financing are at risk, according to IEEFA.
ONGC unit buys clean energy firm PTC Energy for $106 mln
Oil and Natural Gas Corp's unit has acquired clean energy firm PTC Energy for 9.25 billion rupees to expand its renewable energy portfolio. PTC Energy, with 288 MW of wind generation capacity, helps ONGC progress towards its aim of achieving 10 GW renewable energy capacity by 2030.
Jet fuel demand dips in February after record highs
Jet fuel consumption is expected to grow at almost 10 per cent annually in FY26
Oil gains after Trump cancels Chevron's Venezuela license
Oil prices rebounded slightly after President Donald Trump reversed Chevron's license to operate in Venezuela, affecting a quarter of the country's oil exports. Market reactions were also influenced by potential U.S. Strategic Petroleum Reserve purchases amid ongoing Russian-Ukraine peace talks.
Big military fallout: Norwegian energy firm halts fuel supply to US Navy fleet amid Donald Trump and JD Vance clash with Zelensky
Norway-based Haltbakk Bunkers has stopped fueling US warships after a contentious meeting between Ukrainian President Zelensky, US President Trump, and US Vice President Vance. The company cited adherence to its moral values, having previously ceased business with Russian clients over the Ukraine invasion. Norway's government assured continued support for American military actions.
Major U.S fuel supplier severs ties with military in fiery statement citing Donald Trump’s explosive Oval Office clash with Zelensky
A US fuel provider, Haltbakk Bunkers, has stopped supplying fuel to American warships in Norway, citing a tense confrontation between US president Donald Trump and Ukrainian president Volodymyr Zelensky. The company criticized the US' actions towards Ukraine. Meanwhile, Zelensky received strong support from UK prime minister Sir Keir Starmer during a meeting in London.
L&T secures new power transmission orders in India, overseas
Larsen & Toubro's power transmission and distribution vertical has won new domestic and international contracts. In India, it will handle the transmission for a Renewable Energy Zone in Uttar Pradesh and a non-fossil fuel-based power plant in the south. International orders include a Gas Insulated Substation in Saudi Arabia and a new grid station in Abu Dhabi.
Ethanol blending with petrol at record 19.6% in January 2025
Around 82.1 crore litres of ethanol was utilised in the blending programme last month and during November 2024-January 2025, the blending volume stood at 222.9 crore litres
Is Airbus' A321XLR aircraft making the world smaller, one narrow aisle at a time? Extra long range planes to make flight routes busier
The Airbus A321XLR is revolutionizing global air travel by enabling direct routes between smaller cities with its long range and fuel efficiency. Airlines like Aer Lingus and United Airlines are launching previously unfeasible routes, reshaping travel by reducing reliance on major hubs and improving passenger comfort.
Govt plans National Green Financing Institution to achieve climate goals: NITI Aayog
NITI Aayog is planning to establish a National Green Financing Institution to meet India's 2070 net-zero target due to insufficient climate finance. The institution will aggregate green capital from various sources to reduce capital costs. India's climate goals include reducing GDP emission intensity by 45% and achieving 50% non-fossil fuel electric power capacity by 2030.
India looking at increasing ethanol blending with petrol to over 20 pc: Puri
India plans to increase ethanol blending in petrol beyond 20%, with a NITI Aayog committee exploring the feasibility. Currently, the blending rate stands at 19.6%. Petroleum Minister Hardeep S Puri mentioned that fossil fuel companies aim to achieve net zero emissions by 2045, despite developmental challenges.