Fuel Imports

Emergency declared in Washington to maintain fuel supply at Seattle airport

Washington state's governor declared an emergency on Wednesday to ensure enough jet fuel gets to Seattle-Tacoma International Airport after a leak shut down a major fuel pipeline. The order temporarily waives and suspends state regulations limiting the number of hours commercial vehicle operators can drive when transporting jet fuel, Gov. Bob Ferguson's office said in a news release. The proclamation ensures safe-driving measures are in place, the release said. The Olympic Pipeline was shut down on Nov. 11 because of a leak north of Seattle, between the cities of Everett and Snohomish. Operators notified the state of the leak and were working with state and federal agencies to contain, clean and repair it, the governor's office said. There was no estimate for when the pipeline would resume delivering fuel normally. But if it doesn't start back up by Saturday, the governor's office said airport operations would be significantly affected." The office did not share details on what that

Govt clears ships for Nayara fuel supply, dollar trade limits remain

Indian authorities have cleared EU-sanctioned Nayara Energy to use four foreign-flagged ships for coastal transportation of fuels such as petrol and diesel within the country, but its non-Russian overseas trade remains stalled due to the unavailability of banking channels. The Directorate General of Shipping has approved four foreign-flagged ships being used for the coastal movement of fuel produced by Nayara and efforts are being made to resolve the stalled dollar trade, government officials said. Nayara Energy did not reply to an email sent for comments. Nayara's Vadinar Refinery in Gujarat makes about 8 per cent of all fuel consumed in the country. Most of this was shipped from Gujarat to key consumption hubs along the west coast, reaching as far as Odisha on the east. This supply route was disrupted after the European Union in July imposed sanctions on Nayara. Shipowners wary of attracting secondary EU sanctions halted lifting of products from the Vadinar refinery. Shipping ...

Carmakers assure warranty cover for older vehicles using E20 fuel

Automakers are in the process of informing dealers about E20 usage in older cars and related guidelines

Indian refiners unfazed by European Union's new Russia oil sanctions

Fuel export to Europe is already on decline after record 2023

Energy security will fuel bid to become $4 trn economy much earlier: Puri

Union Minister for Petroleum and Natural Gas, Hardeep Singh Puri on Saturday said India's energy security will fuel the country's bid to become a USD 4 trillion economy much earlier than the projected 2027. Puri was addressing a session at the 7th Mangaluru Literary Festival on Saturday. He said the International Monetary Fund has projected India to reach there by 2027. But if the present trajectory continues, India will arrive there much before that, Puri said. The seventh edition of the festival was inaugurated by legendary Kannada writer S L Bhyrappa at the T M A Pai Auditorium. Following the inauguration, Puri delivered his key note address on India's energy security. According to Puri, there is no shortage of fossil fuel in the world. He said a few oil-producing and exporting countries project the fossil fuels as short-lived resources for their own cartelising motives. He also said India has ramped up its refinery capacity from 5 million barrels of crude to 5.4 million barre

Windfall tax on domestic oil, fuel exports scrapped with immediate effect

No major revenue impact, say experts

Mizoram commercial vehicle union (MCVU) withdraws plan for strike

Mizoram Commercial Vehicle Union (MCVU) said it has withdrawn its decision to observe an indefinite strike from Monday demanding a reduction in the prices of petrol and diesel. Leaders of MCVU last week met Chief Minister Lalduhoma who asked them to wait for the cabinet meeting to be held on October 16. MCVU president PC Malsawma on Sunday said they have withdrawn the plan to observe the indefinite strike after the chief minister requested them to wait till the cabinet meeting. During the meeting between MCVU and Lalduhoma last week, it was agreed that the chief minister would inform the state PWD and construction companies to expedite repairing work of the most dilapidated sections of national highways and intrastate highways which fall under their jurisdictions, Malsawma said. The Mizoram government has hiked the price of fuels by Rs 4 per litre each from September 1. It imposed a new levy of Rs 2 per litre on both diesel and petrol for social infrastructure and services cess, an

China's fuel oil imports set to slow down on anticipated tax changes

The revamp would further pressure China's independent refiners, known as teapots, that typically use fuel oil as a feedstock for processing into fuel

April fuel consumption rises by 6.1% year-on-year: Oil ministry data

Total consumption totalled 19.86 million metric tons (4.85 million barrels per day) in April, up from 18.71 million tons last year, data showed

Adani Total Gas looks to increase adoption of LNG as primary fuel

With quicker adoption of liquified natural gas (LNG) becoming a centre point in government's gas policy and to control greenhouse gas (GHG) emissions, leading city gas distributor (CGD) Adani Total Gas Ltd has identified this super-chilled fuel to fuel its growth. Adani Total Gas Ltd (ATGL) is aiming to increase the adoption of LNG as the primary fuel for long-haul commercial vehicles, replacing diesel, through an ecosystem approach, a senior company official said. This includes strategic tie-ups with various stakeholders like auto ancillaries, Original Equipment Manufacturers (OEMs), fleet operators, end-use industry, and retrofitment players to advocate for quicker adoption of the fuel. "The biggest challenge of LNG is distribution. Currently we have only a handful of LNG dispensing stations and hence it is a chicken and egg situation. Fleet operators are unwilling to invest in switching over till the distribution network comes up, and till the demand builds up, oil marketing ...

Indian Biogas Association to investment Rs 30K cr for import reduction

Indian Biogas Association has recommended an investment of Rs 30,000 crore for machinery and equipment required for biomass supply to compressed biogas plants to ensure 12 MMTA of LNG import reduction. "Utilising agricultural residues like paddy straw for bioenergy production and soil enrichment instead of burning those offers a dual benefit as it provides renewable energy sources while enhancing soil health," said Indian Biogas Association Chairman Gaurav Kedia. However, he pointed out that there are obstacles to procurement, such as unappealing economics, which makes farmers prefer to burn rather than sell off the field straw promptly. Due to the low density of straw, which increases the expenses associated with its collection, storage, and transportation, he stated, "Improving logistics is not a feasible solution. Government intervention is essential to encourage the adoption of necessary equipment, such as subsidising combine harvesters capable of efficiently gathering ...

Red Sea region conflict: No major threat to India's fuel supplies

Petroleum Minister Hardeep Puri said there had been no disruption in supplies due to the attacks by Houthi rebels on oil tankers transiting the Suez

ATF price cut by 4%; commercial LPG rate down Rs 1.5 per cylinder

Jet fuel or ATF price on Monday was cut by 4 per cent, the third straight monthly reduction, and commercial cooking gas (LPG) rates were marginally lowered by Rs 1.50 per 19-kg cylinder in line with international benchmarks. However, the price of domestic LPG -- used in household kitchens for cooking purposes -- remained unchanged at Rs 903 per 14.2-kg cylinder. Aviation turbine fuel (ATF) price was cut by Rs 4,162.5, or 3.9 per cent, in the national capital to Rs 101,993.17 per kl, according to price notifications of state-owned fuel retailers. This is the third straight monthly reduction in jet fuel prices. ATF price was cut by almost 6 per cent (Rs 6,854.25 per kl) in November and by Rs 5,189.25, or 4.6 per cent, in December. The three rounds of reduction have wiped away almost 45 per cent of the Rs 29,391.08 per kl increase in rates effected in four monthly tranches starting July 1. The reduction in the price of jet fuel, which makes up for 40 per cent of an airline's operatin

India welcomes return of Venezuelan oil to market: Union Minister Puri

India, the world's third largest oil consuming and importing nation, welcomes the return of Venezuelan oil to the market after sanctions on the Latin American nation were eased, Petroleum Minister Hardeep Singh Puri said. Without saying if India has resumed purchases from Venezuela, he said some refiners in the country have the capability to process heavy crude oil produced in the Latin American nation. India last imported Venezuelan crude in 2020. The US Treasury Department in October partially lifted sanctions on Venezuela's oil and gas sector. The partially lifted sanctions are through a new six-month license authorising transactions in the country's oil and gas sector. The license is to be renewed only if Venezuela can meet commitments leading to fair voting in the next year's presidential election. "We always buy from Venezuela. We have always bought stuff from Venezuela. It's when Venezuela came under sanctions that they were not able to supply," Puri told reporters here. He

India resumes imports of Venezuelan crude oil, Reliance seeks direct deal

Three Indian refiners have bought some 4 million barrels of Venezuelan crude for February delivery at between $7.50 and $8 per barrel below dated Brent on a delivered ex-ship basis, trade sources said

India's fuel consumption rises 9.3% in October to 19.2 million tonne

Consumption of fuel hit 19.2 million tonnes (mt) in October, up from 18.2 mt in the same month last year

Fuel shortage unlikely but disruption in oil supplies, price hikes possible

Fifty years after the 1973 Arab oil embargo, the current crisis in the Middle East has the potential to disrupt global oil supplies and push prices higher. But don't expect a repeat of the catastrophic price hikes and long lines at the gasoline pump, experts say. The Israel-Hamas war is definitely not good news for oil markets already stretched by cutbacks in oil production from Saudi Arabia and Russia and expected stronger demand from China, the head of the International Energy Agency said. Markets will remain volatile, and the conflict could push oil prices higher, "which is definitely bad news for inflation, Fatih Birol, executive director of the Paris-based IEA, told The Associated Press. Developing countries that import oil and other fuels would be the most affected by higher prices, he said. International benchmark Brent crude traded above $91 a barrel on Thursday, up from $85 per barrel on Oct. 6, the day before Hamas attacked Israel, killing hundreds of civilians. Israel ...

August fuel consumption perks up by 6.5% on strong manufacturing

India's factory growth accelerated at the fastest pace in three months in August, driven by strong growth in new orders and output, according to a private survey

MRPL to phase out exports in next 2-3 years as it adds retail outlets

MRPL's exports, previously 2-3 cargoes each of diesel and jet fuel monthly, have suffered in the last six months as maintenance shutdowns at other refiners raised demand for its fuel

India's July fuel demand up 1.9% YoY to 18.09 mn tonnes: Oil ministry data

Sales of gasoline fell 5.3% to 2.99 million tonnes and sales of diesel decreased around 13% to 6.89 million tonnes in July from the previous month, the data showed