Latest Fuel News
Recent fuel, transport, and policy updates presented in a clear and scan-friendly format.
Avaada Group to invest Rs 50,000 crore in Madhya Pradesh's green energy sector says Chairman Vineet Mittal
Avaada Group plans to invest Rs 50,000 crore in Madhya Pradesh's green energy sector over the next five years, with significant project completion expected within three to four years. The investment is backed by global investors, contributing to India's goal of achieving 500 gigawatts of non-fossil fuel energy.
Fuel demand growth slows to 3.5% in Apr-Jan
India's petroleum demand growth slowed to 3.5% this fiscal, down from 5.1% last year, mainly due to reduced diesel consumption and declining bitumen sales. Diesel sales rose 4.2% in January due to increased holiday demand and freight movement. Petrol sales remained strong, growing at 7.9% in April-January. Bitumen consumption declined by 4.9%, indicating slower road construction.
Mountains may be hiding a revolutionary source of energy. Here's what it is and how a cigarette led to its discovery
Large reserves of white hydrogen might be found in mountain ranges like the Pyrenees and the European Alps. This clean-burning gas can be extracted to replace fossil fuels and help tackle the climate crisis. Scientists are using computer models to identify the best locations for hydrogen production, offering potential hope for future energy solutions.
Oil set to snap three-week losing streak amid rising fuel demand
Oil prices rose on Friday, set to end a three-week slump. Brent and WTI prices saw modest gains as rising fuel demand and delayed U.S. tariffs eased trade war fears. Predictions of increased heating fuel use in February and potential shifts from gas to oil in Europe also bolstered prices.
Boeing ties up with HPCL for sustainable aviation fuel ecosystem
Boeing and HPCL have partnered to develop a sustainable aviation fuel (SAF) ecosystem in India. This collaboration aims to increase domestic SAF production, certify locally produced SAF, and support policy development. HPCL focuses on commercializing SAF, utilizing innovative technologies like converting used cooking oil into SAF.
Ethanol blending with petrol at record 18.2% in December 2024
During the last ten years, the EBP programme helped in payment of around ₹92,409 crore to farmers as of September 2024
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IEW 2025: Centre remains committed to ensuring affordable energy, says Union Minister Hardeep Singh Puri
The India Energy Week (IEW) is a widely-tracked event aimed at driving global energy innovation and collaboration for a sustainable future.
Finland's Neste to slash around 600 jobs as quarterly core profit slumps
Finnish oil refiner Neste plans to cut around 600 jobs due to declining renewable fuel prices and excess supply, resulting in a significant drop in quarterly profits. The firm also warned of ongoing market challenges and regulatory uncertainties in the U.S., delaying the Rotterdam refinery's commercial start.
World must explore solutions to environmental crises without relying on US: Experts
US President Donald Trump has reversed restrictions on plastic straws, indicating a broader setback in combating plastic pollution. Experts warn this move could undermine global efforts and slow down the progress towards a legally-binding treaty to address the plastic crisis. The world might need to find solutions without relying on the US.
World shifting to new energy system, India stuck in outdated economic thinking: Rahul Gandhi
Rahul Gandhi emphasized that India is lagging in adopting new energy technologies like electric vehicles and battery tech, while the US and China progress. He criticized the monopolistic control of Reliance and Adani, and stressed the need to decentralize power in both business and government.
India's first hydrogen train will be among world's longest and maximum powered: Railway Minister
Indian Railways is developing the country's first hydrogen train, one of the longest and most powerful in the world. It involves retrofitting a hydrogen fuel cell on a diesel electric multiple unit rake and creating on-ground infrastructure for hydrogen refilling, supporting a cleaner, greener future in transportation.
Compressed biogas offers a sustainable solution to Delhi's pollution crisis: Report
Delhi's pollution crisis demands a shift in agricultural waste management with compressed biogas (CBG) as a potential solution. A single CBG plant producing 10 tons per day can significantly reduce particulate matter emissions, equivalent to replacing numerous petrol cars with electric vehicles. Comprehensive efforts from the government, private sector, and farmers are necessary for effective adoption.
Indian, South Asian airlines expected to add 2,835 planes over 20 yrs: Boeing
Indian and South Asian airlines are set to add 2,835 new aircraft over the next 20 years to meet rising demand for air travel. Boeing's forecast indicates annual traffic growth of over 7%, driven by economic growth and improved connectivity. The region's commercial fleet is expected to nearly quadruple by 2043.
Hindustan Petroleum plans to raise Vizag oil refinery capacity by as much as 20%
Hindustan Petroleum plans to increase the capacity of its Vizag oil refinery by 20% to meet rising local fuel demand. The company will also start operations at Vizag's new units to improve yield and margins while building a petrochemical plant at its Barmer refinery to enhance petrochemical conversion.
India's oil demand to peak later than in other major economies: S&P Global Commodity Insights
India's refined crude demand is expected to peak later than other major economies, driven by a growing population and rising per capita income. S&P Global Commodity Insights predicts refined product demand to reach 5.7 million barrels per day by 2026, with significant EV adoption affecting fuel demand. Planned refinery expansions will bolster production capabilities.
Nuclear startup Clean Core raises $15.5 million for thorium fuel from Sumant Sinha, Deepak Parekh, others
Clean Core Thorium Energy, a US nuclear fuel startup, raised $15.5 million in funding over two rounds, with the latest closing in December 2024. The funds support commercialization of its ANEEL fuel for use in India's reactors, in partnership with NTPC Ltd and L&T, pending regulatory approvals.