Around the world, more than 360,000 flights have already been powered by SAF
Moves by Washington to enforce the price cap strictly by opening investigations into five tankers transporting Russian oil has created concerns among refiners and traders
Poor planning by Indian policymakers, coupled with unbridled optimism for renewables, caught India unawares, industry officials noted
India turning into a magnet for sanctioned oil after its refiners started buying Russian oil last year at deep discounts
India's dependence on imported oil has only grown in the past decade to over 85 per cent of its needs
India has less than 3 per cent of the EU's PCS network, and received only 15 per cent of FAME-II EV subsidy scheme's Rs 10,000-crore budget
Russian oil's share of India's overall crude import basket down 8 percentage points in October amid lower discounts
India is studying options to resume imports of oil from Venezuela after purchases stopped in late 2020
Bankability biggest hurdle for public charging stations over low usage, indefinite breakeven period
Centre must boost support through grants, carbon taxes, and procurement mandates to achieve global H2 hub aspirations
The Indian crude oil basket, a mix of Gulf sour and Brent sweet grades, averaged $93.54 a barrel last month
The US and Europe are offering 8 to 10 times more subsidies amounting to a massive $650 billion, around 18 per cent of India's gross domestic product
This reflects India's growing reliance on Russian grades while balancing them out with purchases from Iran suppliers
Higher discounts on Russian oil this month may help Indian refiners reduce crude sourcing costs and trim fuel marketing losses even as Brent crude crosses $95/barrel, weakening the country's finances
India's ambitions for green hydrogen are riding the coat-tails of Chinese equipment, with Beijing's global stranglehold on the green hydrogen business now extending to New Delhi
That leaves Indian state oil companies caught in the crosshairs of higher oil prices, supply cuts, impending elections and growing losses
Shipments of Russian oil to India dropped to 1.6 million barrels per day (bpd) in August from 2.1 million bpd in July, the steepest month-on-month drop
Oil ministry's plans involve a rapid exit from fuels without considering implications, writes S Dinakar
Shipments of Russian oil to India dropped to around 1.5 million barrels per day (bpd) in the first 12 days of August from around 2 million bpd in entire July, according to data
With Urals crude prices on the rise, refiners are negotiating for bigger discounts and alternative currencies for payment