Diesel

Facing criticism over the diesel deal with Russia, US President Donald Trump said the fuel from Moscow's refineries was meant to stabilise the global market, which has been hit by high prices. On October 9, Trump announced that Russia would supply more than 300,000 tons of diesel, followed by an additional 500,000 tons in November and 1 million tons "immediately thereafter." To facilitate the shipments, the US Treasury Department issued a temporary licence easing sanctions on Russian diesel shipments to global markets until April 7, 2027. The move came ahead of November congressional midterms in the US, as diesel prices surged amid supply disruptions caused by the Iran war. "That's a diesel deal. Not for us. That's being released into the world. That's not being released to us," Trump told reporters here on Tuesday, amid a growing chorus against the surprise deal he announced last week after talks with Russian President Vladimir Putin. Republicans and Democrats hit out at the deal

Trump has lifted sanctions on Russian diesel exports to lower US prices, but supply limits, tanker sanctions and refinery damage could curb the impact ahead of midterm polls

Private refiners are cashing in on export margins, while state-run OMCs absorb losses from controlled pump prices and rising domestic demand

Co-ordinated release, including a frontloaded diesel supply, aims to stabilise global energy markets

The government will ask private fuel retailers not to restrict sales of petrol or diesel, Oil Secretry Neeraj Mittal said Thursday, after Jio-bp and Nayara Energy imposed purchase limits at some of their outlets as a widening price gap drove industrial users to petrol pumps to stock up on cheaper diesel. "Nobody is allowed to cap fuel sales. It is not acceptable; it is not done," he told reporters here, adding that the government's position had not changed. Private retailers Jio-bp and Nayara Energy had last month introduced purchase limits at some outlets as factories, telecom companies, hotels, hospitals and other bulk users increasingly bought diesel meant for retail customers. The unusual rush is being driven by a price gap of as much as Rs 50 a litre between retail diesel and fuel sold to bulk consumers, creating a powerful incentive for large users to shift purchases to petrol pumps. Jio-bp has capped diesel purchases at 50 litres per customer per day at some outlets, while .

Petrol sales rose 7.21 per cent and diesel sales 4.86 per cent in September, while LPG consumption fell 9.15 per cent amid import dependence and West Asia supply disruptions

The warning marks an escalation of pressure on Europe as US President Donald Trump considers a potential diesel export ban to ​bring down US fuel prices ahead of November's midterm elections

Private fuel retailers Jio-bp and Nayara Energy have imposed limits on diesel purchases at their retail outlets as industrial and other bulk consumers turn to petrol pumps to take advantage of cheaper retail fuel, putting pressure on supplies and retail networks. Jio-bp outlets have capped diesel purchases at 50 litres per customer per day, while transaction limits at Nayara Energy outlets range from 70 litres to 200 litres, people aware of the matter said. Public sector fuel retailers Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) too are likely to impose quantity restrictions. Petrol and diesel prices at retail outlets have remained unchanged since May even as international crude oil prices have surged to around USD 108 a barrel in a bid to control inflation. Prices charged to industrial and other bulk consumers, who typically procure fuel through dedicated consumer pumps, have meanwhile moved more closely in li

Underrecoveries reach Rs 8/litre on petrol and Rs 9/litre on diesel in September

U.S. diesel prices have surged nearly 60% since the U.S. and Israel attacked Iran in late February

India has emerged as a crucial source of diesel for Europe, supplying about 60 per cent of the fuel transiting the Bab-el-Mandeb to the region in August, as Russian exports remain severely constrained and US shipments begin to weaken, according to data from Vortexa - real-time data and advanced analytics for energy and freight. About 2,00,000 barrels per day of diesel (gasoil) transited the Bab-el-Mandeb in August on vessels bound for Europe, close to year-earlier levels after flows through the key shipping route nearly stalled in March and April. India supplied roughly 60 per cent of that volume, making Indian refineries an increasingly important source of Europe's eastern diesel supply, Vortexa said in a report. India is the world's fourth-largest refiner, with an installed capacity of 258.1 million tonnes per annum, which exceeds domestic fuel demand by a margin. In 2025-26 (April 2025 to March 2026 fiscal year), India exported 61.5 million tonnes of petroleum products, making it

Diesel export duty rises to Rs 25 per litre and petrol attracts a Rs 1.5 levy, while the export duty on aviation turbine fuel falls to Rs 19 per litre

LPG consumption fell 16.15 per cent year-on-year in August amid import pressures, while petrol and diesel demand rose 7.88 per cent and 6.46 per cent, respectively

The government on Tuesday hiked windfall gains tax on export of petrol and diesel, and reduced it marginally on ATF for the next fortnight. The rate of special additional excise duty (SAED) along with road and infrastructure cess on export of diesel now stands at Rs 25 per litre, up from Rs 24 a litre. SAED on export of aviation turbine fuel (ATF) has been set at Rs 19 per litre, compared to Rs 19.5 per litre earlier. The duty on petrol exports has been hiked to Rs 1.5 per litre effective September 1, up from zero earlier. The Finance Ministry in a notification said the duty hikes will be effective from September 1. Amid escalating tensions in West Asia, the Government imposed an export duty on diesel and ATF on March 27 and revised the rate every fortnight. Beginning May 16, the levy was imposed on petrol exports. The ministry also said that there is no change in the existing duty rates on petrol and diesel cleared for domestic consumption. The windfall tax was levied to incre

In terms of economic impact, India's net additional cost across all fossil fuels was estimated at $14.4 billion, equivalent to 0.38 per cent of its GDP, or about 1.4 days of national income

The levy will add 60 paise to every litre of petrol and high-speed diesel sold in Himachal Pradesh, with the revenue earmarked for welfare measures for widows and orphaned children

Petrol and diesel sales by India's three state-run fuel retailers rose sharply in July as below-normal monsoon rainfall boosted fuel demand from farmers and motorists, preliminary industry sales data showed. Petrol sales by Indian Oil Corp (IOC), Bharat Petroleum Corp Ltd (BPCL) and Hindustan Petroleum Corp Ltd (HPCL) climbed 9.7 per cent to 3.45 million tonnes during July, compared with 3.14 million tonnes in the corresponding period a year ago. The volume was also 15.1 per cent higher than 2.99 million tonnes sold during July 2024 and 36.1 per cent above the level recorded in the same period of 2023. Compared to June, however, petrol sales fell 1.1 per cent from 3.48 million tonnes. Diesel sales, a key indicator of economic activity in India, rose 10.7 per cent year-on-year to 7.12 million tonnes in July from 6.43 million tonnes a year earlier. Diesel is India's most widely used fuel, powering freight transport, agricultural machinery and irrigation. Below-normal monsoon rainfal

Petrol and diesel sales by India's three state-run fuel retailers rose sharply in the first half of July, helped by below-normal monsoon rainfall that boosted fuel demand from farmers and motorists, preliminary sales data showed on Thursday. Petrol sales by Indian Oil Corp (IOC), Bharat Petroleum Corp Ltd (BPCL) and Hindustan Petroleum Corp Ltd (HPCL) climbed 22.9 per cent to 1.63 million tonnes during July 1-15, compared with 1.33 million tonnes in the corresponding period a year earlier. The volume was also 26.7 per cent higher than 1.29 million tonnes sold during the first half of July 2024 and 38.6 per cent above the level recorded in the same period of 2023. Compared with the first half of June, however, petrol sales fell 4.4 per cent from 1.71 million tonnes. Diesel sales, a key indicator of economic activity in India, rose 20.9 per cent year-on-year to 3.46 million tonnes in the first fortnight of July from 2.87 million tonnes a year earlier. The volume was 18.4 per cent hig

Will petrol and diesel prices come down in India? Union Petroleum Minister Hardeep Singh Puri explains why fuel prices depend on more than just crude oil rates.

Petrol and diesel consumption rose despite higher fuel prices, while ATF demand edged lower and LPG sales declined amid supply disruptions from West Asia