Page 4 - Diesel

BIS developed 9 standards for biofuels, working on paraffinic green diesel

Bureau of Indian Standards (BIS) on Monday said it has developed as many as nine standards on biofuels, and is in the process of developing a standard on paraffinic (green) diesel. BIS Director General Pramod Kumar Tiwari said, these standards will significantly complement the objectives of Global Biofuel Alliance (GBA), the multilateral forum announced by Prime Minister Narendra Modi during the G20 leaders' summit held recently in the national capital. "We are committed to support this path breaking initiative of the government through development of relevant Indian Standards and necessary quality parameters/performance specifications," he said in a statement. He said development of standard on paraffinic (green) diesel, that is derived from second generation (2G) feedstock, is also under progress. BIS is a national standards body of India that works under the aegis of the Food and Consumer Affairs Ministry. According to the BIS, the USA, Brazil, and India are the major producers

World's oil refiners are struggling to make enough diesel: Here's why

While oil futures are rocketing - on Friday they were just below $95 a barrel in London - the rally pales in comparison with the surge in diesel

Diesel sales fall in September amid rains, petrol consumption up in India

Diesel sales in India fell for the second straight month in September as rains dampened demand and slowed industrial activity in some parts of the country, preliminary data of state-owned firms showed. While diesel sales by three state-owned fuel retailers fell year-on-year in the first half of September, petrol sales were up marginally. Consumption of diesel, the most consumed fuel in the country accounting for about two-fifths of the demand, fell 5.8 per cent to 2.72 million tonnes between September 1 and 15, compared to the year-ago period. Consumption had fallen by a similar proportion in the first half of August. Month-on-month sales were up 0.9 per cent, when compared with 2.7 million tonnes of diesel consumed in the first half of August. Diesel sales typically fall in monsoon months as rains lower demand in the agriculture sector which uses the fuel for irrigation, harvesting and transportation. Also, rains slow vehicular movements. Consumption of diesel had soared 6.7 per

As winter looms, global diesel market is already pricing in a scarcity

The good news is that the market looked even worse this time last year following Russia's invasion of Ukraine - and prices ultimately came down, helped by a relatively mild winter

Railways aim to save 200k litres diesel a day by electrifying pit lines

A senior government official said that the railways will substitute fossil fuels with grid electrification at all 411 maintenance pits by December 2023

Heavy rains dampen Indian retailers' gasoil, gasoline monthly sales in July

Fuel demand in India, the world's third-biggest oil importer and consumer, typically falls during the four-month monsoon season beginning in June as parts of the country are affected by heavy floods

DEEFCC secy asks employees to discard petrol, diesel vehicles once a week

The Department of Environment, Forest and Climate Change (DEFCC) of Bihar government on Tuesday asked its all officials to discard the use of petrol/diesel vehicles at least once in a week in their official work. DEFECC secretary Bandana Preyashi in a circular to officials requested them to use electric vehicles, bicycles or rickshaws at least once in a week in their official work. "Keeping the rising level of vehicular pollution in mind, we must take the initiative to save the environment. All officials and employees of the department are requested to use fuel-efficient vehicles at least once in a week for official work from August. We must discard the use of 'petrol/diesel vehicles' at least once in a week for our official work. We should use electric vehicles, bicycles, rickshawsor if possiblewe can walk to our offices also," Preyashi said in a circular to all employees of the department. Talking to PTI, Preyashi said "We have collectively decided to discard use of 'petrol/diesel

After outlier record high global diesel cracks in 2022, margins plunge

Russia's invasion of Ukraine in February last year pushed diesel and petrol cracks to record in the following quarter, giving oil refiners globally unprecedented profits but they have crashed this year, denting refiners' profits. A crash in global cracks in April-June this year will shrink profits of refiners when compared with the outlier period of last year, an analysis of data and industry experts said. Rising demand, low inventories and oil market disruption centered around Russia's invasion of Ukraine pushed cracks -- the differential between a barrel of crude oil (raw material) and the petroleum products refined from it -- upwards starting March last year. Diesel cracks shot to over USD 30 per barrel and petrol inched closer to USD 20 and the upward trajectory continued in April-June quarter. Diesel cracks in June last year soared to USD 74.95 a barrel while petrol cracks neared USD 42. Jet fuel cracks soared to USD 62. An analysis of data for past five years showed petrol ..

Diesel sales fall in June as monsoon sets in, cuts demand in agri sector

Diesel sales dropped in June as the arrival of monsoon cut demand in the agri sector and reduced vehicular movement, preliminary industry data showed. Demand for diesel, the most consumed fuel in the country -- accounting for about two-fifths of the total demand, fell 3.7 per cent to 7.1 million tonnes in June compared to the year-ago period. Diesel had soared 6.7 per cesalesnt and 9.3 per cent in April and May, respectively, as agriculture demand picked up and cars yanked up air-conditioning to beat summer heat. Month-on-month sales were almost flat compared to 7.09 million tonnes of diesel consumed in May. Petrol sales, however, rose 3.4 per cent to 2.9 million tonnes in June 2023 compared to the year-ago period. Sales were unchanged month-on-month, the data showed. Petrol and diesel sales have been on the rise since the second half of March on the back of a pick-up in industrial and agriculture activity. But the arrival of monsoon has cooled temperatures and reduced demand for

Petrol, diesel sales fall in June as monsoon sets in, industry data shows

Petrol and diesel sales fell in the first half of June as the arrival of monsoon cut demand in the agri sector and reduced vehicular movement, preliminary industry data showed. Demand for diesel, the most consumed fuel in the country accounting for about two-fifths of the demand, fell 6.7 per cent to 3.43 million tonne in June 1-15 compared to the year-ago period. Sales of diesel had soared 6.7 per cent and 9.3 per cent in April and May, respectively as agriculture demand picked up and cars yanked up air-conditioning to beat summer heat. Month-on-month sales were up 3.4 per cent when compared with 3.31 million tonne of diesel consumed in May 1-15. Petrol sales dropped 5.7 per cent to 1.3 million tonne during the first half of June 2023 when compared with the same period last year. Sales were down 3.8 per cent month-on-month, the data showed. Petrol and diesel sales had been on the rise since the second half of March on the back of a pick-up in industrial and agriculture activity.

Reliance suspends Sikka port's diesel, oil products exports due to cyclone

Reliance said in a letter sent to traders that it had declared a force majeure on exports from Sikka due to the storm, which weather forecasters say could hit India's western state of Gujarat

Punjab hikes petrol price by 92 paisa per litre, diesel prices by 88 paisa

Cash-strapped Punjab government on Sunday increased petrol price by 92 paisa per litre and diesel price by 88 paisa

Fuel margins turn positive, price cut will have to wait: Offcials

Margins on petrol and diesel have turned positive following softening of international oil prices but a revision in retail prices may happen only after state-owned oil firms recoup losses they incurred last year, officials said. State-owned Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) have temporarily abandoned the daily price revision since last year and have not revised petrol and diesel prices in line with the cost. And the losses they incurred when the oil prices were higher than the retail selling prices are now being recouped with rates dropping. Officials said the three firms have been making positive margins on petrol since the fourth quarter of the 2022 calendar year but diesel, which accounts for the bulk of the fuel sales, had been in red. But last month, margins on diesel turned positive with a small 50 paise a litre profit, they said, adding, this, however, was not enough to make up for the past ...

Saudi oil output cuts unlikely to lift prices to high $80s-low $90s: Citi

Prices are expected to be range-bound, the analysts added, with Brent averaging $81 a barrel through the year

IOC, 2 domestic engine makers working on 5% ethanol blending in diesel

Indian Oil and two domestic engine makers are actively working on 5 per cent ethanol blending in diesel, a senior official of the country's largest oil firm said on Monday. Indian Oil Corporation Director (R&D) SSV Ramakumar said that experimental work is going on at its laboratory and the R&D centres of the two engine manufacturers. "Two key Indian heavy-duty diesel engine makers, Indian Oil and one of the other oil marketing companies are very actively working on blending 5 per cent of ethanol in diesel," he said in an event organised by automobile industry body SIAM. He noted that one of the main apprehensions is that the blending might have some issues with the fuel injectors. "So, we are keenly experimenting and seeing and establishing the effects of this ethanol blending. I think in the next six months, you are going to hear something collectively from us," Ramakumar stated. He noted that ethanol blending in diesel is important as it is the most used fuel in the ...

Nayara Energy exports dip, 0.07 mn tonnes diesel flows to Europe in FY23

Nayara Energy, India's second-biggest private oil refinery, reported a sharp decline in fuel exports as domestic sales surge on retail network expansion and demand rise, a company official said. During calendar year 2022, Nayara reported 61 per cent of sales from the domestic market and the remaining 39 per cent from exports of all products including jet fuel (ATF), diesel and petrol. Out of the total 6.91 million tonne of fuel exported by Nayara during 2022, diesel exports stood at about 4.39 million tonne or roughly 64 per cent of all exports. More than 84 per cent of all fuel exports were to Asia, the Middle East and Africa with only minuscule volumes going to the EU, a company spokesperson said. Nayara sold the bulk of the fuel it produced from its 20 million tonne a year oil refinery at Vadinar in Gujarat through its 6,500+ petrol pumps - the largest fuel retail network by any private company. During January-March 2023, subsequent to meeting domestic demand, Nayara Energy's .

Audi's ex-chief pleads guilty in automaker's diesel emissions scandal

The former head of Volkswagen's luxury division Audi pleaded guilty Tuesday to charges tied to the automaker's diesel emissions scandal, becoming the highest-ranking executive convicted over cars that cheated on emissions tests with the help of illegal software. Rupert Stadler answered yes to a statement read in court by his attorney that said Stadler admitted wrongdoing and regret for his failure to keep rigged cars off the market even after the scandal had become public knowledge, the dpa news agency reported. Stadler entered the plea under an agreement with the judge and prosecutors that provides probation instead of jail time and orders him to pay a 1.1 million euro ($1.2 million) fine in return for a thorough admission of guilt. Three lower-ranking managers also have taken plea deals in the 2 1/2-year-long trial in Munich. Stadler had been charged with fraud and false certification by prosecutors who said he let cars with rigged software be sold after September 2015. That's w

Jio-bp launches diesel that will save of Rs 1.1 lakh per truck yearly

Jio-bp on Tuesday announced the launch of its diesel with Active technology, set to elevate diesel standards for Indian consumers.

India cuts windfall tax on petroleum crude from Rs 4,100 per tonne to zero

Prior to this, the government announced the reimposition of the windfall profit tax on domestically produced oil from zero to Rs 6,400 per tonne. The government also scrapped the export duty on diesel

Govt cuts windfall tax on petroleum crude to Rs 4,100/tonne from Rs 6,400

The government left the windfall tax on petrol, diesel and aviation turbine fuel at zero