Latest Fuel News
Recent fuel, transport, and policy updates presented in a clear and scan-friendly format.
India's non-fossil fuel-based capacity touches 218 GW-mark
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.
IISc arm to built centre of excellence for mobility solutions with ARAI
The centre will conduct research development, technology innovation, testing, validation, and engineering services in the mobility space.
NTPC JV setting up 50 MW solar project in Sri Lanka
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.
Possibility of more US energy coming to India: Hardeep Singh Puri
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 to start pilot project with hydrogen internal combustion engine trucks in March quarter
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 Group launches HELM engine platform
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.
Fuel demand and ARPU expansion key to RIL growth
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.
Nayara Energy to expand retail network with 400 new petrol pumps
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 starts building 100,000 year storage site for spent nuclear fuel
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.
Reliance and Nayara gain diesel market share as state-run oil companies stagnate
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 launches electric scooter e-Access and Flex Fuel GIXXER SF 250. Check price, features, other details
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.
At aviation meeting, ESG takes backseat to jet shortages
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 fined Rs 25 lakh over ATF customs duty dispute
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.
India stands as an 'outstanding destination' for investors: PM Modi at Bharat Mobility Global Expo 2025
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.
Power Finance Corporation signs 120 billion yen loan pact with Japan Bank for International Cooperation
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.
Govt may give Rs 35,000 crore LPG subsidy to IOC, BPCL, HPCL
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.