Page 2 - Fuel

India's fuel demand declines 4.7% to 20.31 MMT in June, shows govt data

India is the world's third-largest consumer and importer of oil. The data is a proxy for the country's oil demand

Delhi govt challenges CAQM fuel ban on old vehicles, cites tech flaws

Delhi Environment Minister says overage vehicle fuel ban is unfeasible due to flawed ANPR systems and citizen discontent; High Court to hear petrol dealers' plea in September

No fuel in Delhi for old vehicles registered anywhere in India from July 1

The Commission for Air Quality Management has formulated the plan to close the loophole Delhi residents use by registering their overage vehicles in other states

Fuel, vegetables, pulses in steady supply amid rising India-Pak tension

Despite tensions between India and Pakistan, essential supplies remain unaffected; fuel, vegetables, and pulses are in steady supply as authorities monitor logistics and counter misinformation

Warning lights flash for ER&D companies as auto sector runs low on fuel

ER&D downshifts on weak Q4, gloomy 2025; more downgrades loom

Ola, Uber drivers in Hyderabad begin 'No AC' protest today. Here's why

Cab drivers in Hyderabad have launched a 'No AC' protest today, demanding fairer fares from Ola, Uber, and Rapido to offset rising fuel and maintenance costs

Norwegian firm refuses fuel to US warships over Trump's snub to Zelenskyy

The move follows Ukrainian President Volodymyr Zelenskyy's recent visit to the White House, where he had a hostile conversation with US President Donald Trump and Vice President JD Vance

Union Budget explained: How it could shake up your household expenses

From food and fuel to healthcare and energy, the Union Budget influences prices through subsidies, tax changes, and government spending

Ethanol 2.0 policies key for India to match Brazil as a biofuel superpower

Ethanol Blended Petrol (EBP) programme 2.0 is essential because the International Energy Agency forecasts India to be the biggest contributor to global oil demand in the years ahead

China's first batch of 2025 fuel export quota flat compared to a year ago

State-owned oil firms Sinopec and CNPC, the key receivers of these quotas, were given combined allowances of 13.34 million tonnes, or 70 per cent of the 19 million tonnes

China issues 19 mn metric tons of fuel under 2025 1st batch export quota

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

Diesel consumption to rise 3%-4% in FY25, says Indian Oil chairman

India's annual diesel demand in April-September, half of this fiscal year, rose 1% to 44.4 million tons, according to government data, even though heavy rains curtailed the movement of trucks

Mexico's Pemex ships first fuel export from new Olmeca refinery to India

The exports offer an important milestone in efforts to start-up Olmeca, but fall short of government promises

China adds 9 million tonnes of new fuel export quotas for rest of 2024

China's product export quotas are watched by the industry as they impact supply and refiners' margins in the region

Nayara Energy sees 14.3% rise in domestic fuel sales, exports drop

Nayara Energy, India's largest private fuel retailer, posted a 14.3 per cent rise in fuel sales for the second quarter of the 2024 calendar year, while exports dropped as the firm met rising local demand for fuel. In the April-June quarter, Nayara sold 75 per cent of all diesel it produced at its Vadinar oil refinery in Gujarat in the local Indian market and 60 per cent of its petrol production locally, Nayara said. Over the past few years, Nayara Energy has steadily built its domestic business while expanding its fuel retailing network strategically to underserved markets that uphold the potential to fuel India's growth. Retail diesel sales rose 14 per cent to 2.08 million tonnes in April-June from 1.82 million tonnes a year back, while institutional business' year-on-year growth was 23 per cent, Nayara said. Similarly, retail petrol sales grew 14.7 per cent to 0.916 million tonnes in the second quarter compared to 0.809 million tonnes a year back. Nayara Energy owns the largest

Engaged with FinMin over review of windfall tax: Petroleum Secretary

Petrol, diesel pump prices may be reduced by OMCs if global crude oil prices remain low

Toyo-India to do FEED for industrial carbon capture project for EET Fuels

EET Fuels, which owns and operates UK's Stanlow oil refinery, on Tuesday said it has appointed Toyo Engineering India Pvt Ltd to carry out the front-end engineering design (FEED) study for its industrial carbon capture project. EET Fuels is investing USD 1.2 billion over the next five years to decarbonise its Stanlow oil refinery in the UK. It is targeting a 95 per cent in emissions by 2030 through energy efficiency, carbon capture and fuel switching. "The company has appointed Toyo Engineering India Pvt Ltd (Toyo-India) (100 per cent subsidiary of Toyo Engineering Corporation, Japan) a leading engineering, procurement and construction company, to carry out the FEED phase - an integral part of the project management process," it said in a statement. Toyo-India will oversee design completion, project de-risking, detailed costing analysis and other vital work. Completion of FEED will enable the company to take final investment decision (FID) on the ICC project. Upon completion (expe

Nitin Gadkari wants states to pitch for GST cut on flex-fuel vehicles

Share of biofuel will be 50% of fossil fuels in five years, says minister

Fuel consumption up by 2.6% to 19.99 mn metric tonnes in June: Oil ministry

India is the world's third-biggest oil importer and consumer. The data is a proxy for the country's oil demand

Hike in fuel prices will ensure funding essential services: CM Siddaramaiah

Karnataka Chief Minister Siddaramaiah on Sunday defended the hike in petrol and diesel prices saying that it will ensure funding essential public services and development projects. With the opposition BJP and its ally JD(S) coming down heavily on the Congress government for increasing the petrol and diesel prices by Rs 3 and Rs 3.5 per litre respectively, Siddaramaiah said even after the hike, taxes on fuel remains low compared to most southern states. "The Government of Karnataka has increased VAT on petrol to 29.84 per cent and on diesel to 18.44 per cent. Even after this hike, our state's taxes on fuel remain lower than most South Indian states and similar economy-sized states like Maharashtra," the Chief Minister said in a statement. According to him, the VAT on petrol is 25 per cent plus Rs 5.12 additional tax, and on diesel in Maharashtra it is 21 per cent. Karnataka's revised rates are still more affordable, he pointed out. "Karnataka's VAT adjustment ensures we can fund ...