Fuel Economy

Car manufacturers will face revised emission targets from April 2027 as govt settles a long-running industry dispute

Amitabh Kant calls CAFE-3 a 'huge missed opportunity' as the new norms set fuel-efficiency and CO2 requirements and introduce EV super credits for automakers from 2027

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

Western nations facing shortages are reconsidering sanctions on fuels made from Russian crude oil

Petrol consumption spiked by about 10 per cent in the first half of May as summer season travel led to a surge in demand for the fuel, according to provisional sales data of state-owned fuel retailers. Petrol consumption rose to 1.5 million tonne during May 1-15 from 1.37 million tonne sales a year back. Its demand was up 10.5 per cent over consumption of 1.36 million tonne in May 1-15, 2023 and nearly 46 per cent higher than Covid-marred first fortnight of May 2021. Diesel sales were up 2 per cent to 3.36 million tonne, the data of three state-owned fuel retailers, who control about 90 per cent of the fuel market, showed. The consumption of India's most used fuel has rebounded since last month. Diesel, the lifeline of transport and rural agri economy, saw just 2 per cent growth in demand in fiscal year ended March 31, 2025. In April, diesel consumption rose to 8.23 million tonne, up nearly 4 per cent over demand in the year-ago period. During May 1-15, diesel sales were 2 per cent

China manages its refined oil exports via a strict quota system, using exports as a tool to balance and ensure the domestic market is sufficiently supplied

Civil Aviation Minister Jyotiraditya Scindia on Thursday inaugurated India's and Air India's first Airbus A350 aircraft on the first day of Wings India 2024

Technological limitations and policy inconsistencies pose a formidable challenge

State-owned oil marketers are likely to turn profitable on fuel marketing in the current fiscal ending on March 31, 2024, following large losses in the previous year, Fitch Ratings said on Monday. The rating agency expects India's petroleum product demand to grow by mid-single digit percentage in the medium term, supported by forecast that the GDP will grow by 6-7 per cent in the next few years, the government's increasing spending on infrastructure and a pick-up in industrial activity. "We expect the Indian oil marketing companies' marketing segment to turn profitable from the financial year ending March 2024 (FY24) as crude oil prices fall to Fitch's assumption of USD 78.8 per barrel, following large losses in FY23 due to high crude prices and unchanged retail fuel prices," it said. This should enable the oil marketing companies (OMCs) to partly recoup the FY23 (April 2022 to March 2023) losses in first half of FY24, before the fall in crude prices in recent months is reflected in

At its seventh fortnightly review, the government hiked the tax on the export of ATF to Rs 5 per litre from Rs 3.50

Natural gas and electricity prices in Europe have plunged from summer peaks thanks to mild weather and a monthslong scramble to fill gas storage ahead of winter and replace Russian supplies during the war in Ukraine. It's a welcome respite after Russia slashed natural gas flows, triggering an energy crisis that has fuelled record inflation and a looming recession. Yet experts warn it's too soon to exhale, even as European governments roll out relief packages for people struggling with high utility bills and work on longer-term ways to contain volatile gas and electricity prices that have shrunk household budgets and forced some businesses to shut down. Uncertainties include not only the weather but how responsive people will be to appeals to turn down their heating and how much demand there will be from Asian economies for scarce energy supplies. And the war a few hours east is a cauldron of possible unpleasant surprises that could cut energy supplies needed for electricity, heating

Why has the govt slashed windfall tax on fuel exports and crude output?

The govt slashed the windfall tax on domestically-produced crude oil three weeks after imposing it. What may have prompted the govt to do this turnabout, and who all will benefit from it?

West Asia is also India's biggest supplier of LPG, the fuel that is used in kitchens. India imported 48 million tonnes, or 58 per cent of the fuel used in the last three fiscals

GAIL will by May 2023 complete a 700-km pipeline from Mumbai to Nagpur, enabling the flow of gas to central India

The moves are big steps toward President Joe Biden's pledge to cut emissions

IOC mostly stays away from participating in term tenders for fuel exports as the refiner sells most of its fuel in the local market, besides supplying its retail outlets in Nepal and Bhutan

Shutdown of factories, hotels and restaurants, and a sharp decline in crude prices have all contributed to demand destruction.

Transparent pricing regime should be the next step

He added despite low prices globally, India at present is incurring Rs 4.5 lakh crore on crude imports which was earlier Rs 7.5 lakh crore