Page 7 - Fuel

UltraTech profit falls 7% due to increased fuel and power costs hit

It still beat Q1 estimates despite decline on both YoY and sequential bases

South India ports log surge in traffic as ships skip crisis-hit Sri Lanka

Industry bodies said at least 10 per cent of normal cargo is being diverted from Sri Lanka to Indian ports due to multiple reasons like congestion and shortage in fuel availability

The state-level political dynamics behind the windfall tax on fuel exports

Gujarat has the highest percentage of private oil pumps at 24%, followed by Rajasthan at 14.5%; the former will elect a new legislative assembly by this December, the latter, a year later

Ethanol blending in fuel crucial for energy security: Union Minister Teli

The minister of state for petroleum and natural gas said work on meeting the target of 10 per cent ethanol blending in petrol was on track

Implementation of fuel consumption standards for vehicles likely from April

The statement said the continued compliance to fuel consumption standards shall be verified as per the procedure of conformity of production, outlined in the Automotive Industry Standard 149

Crisis-hit Sri Lanka offers fuel quotas to firms which can pay in dollars

Plans to allow foreign firms to distribute fuel & let marine bunker operators sell diesel

Govt's move to tax fuel export will impact policy change in energy sector

The export tax on fuels and cess on domestic crude oil production are likely to add to the climate of policy uncertainty in the energy sector

Shipping costs soar as Russian fallout overpowers global fuel flows

The Russian invasion has exacerbated a tightening of energy markets, upending trade flows and forcing buyers to scour the world for alternative fuel supplies

As politics shapes policy, India's private fuel retailers run on fumes

quasi-administered price regime and the imposition of Universal Service Obligations is complicating their business plans

Petrobras head resigns as Brazil President rages about fuel prices

Bolsonaro had already fired Coelho in May and named a replacement, but he remained in the role while the state-owned oil firm went through the formal procedures for appointing the next CEO

Private players seek govt intervention as fuel shortage rises in India

FIPI says companies are suffering a loss of Rs 20-25 a litre on diesel and Rs 14-18 a litre on petrol at present due to the non-revision of prices

Biden administration weighs limit on fuel exports as pump prices surge

Discussions around capping gasoline and diesel exports have picked up in recent days, as President Joe Biden intensified his criticism of soaring oil company profits

India stares at fuel shortage with spike in under-recovery at OMCs

The under-recoveries suffered by OMCs are around Rs 20-25 a litre for diesel and Rs 14-18 a litre for petrol, said sources.

Coal ministry launches PIM module of single window clearance system

The government on Tuesday launched the Project Information and Management (PIM) module of the Single Window Clearance System, a platform to seek various clearances to operationalise coal mines. The development assumes significance in the wake of the government making efforts to secure domestic fuel supplies amid fear of shortage during monsoon. "The Ministry of Coal has launched Project Information & Management Module of Single Window Clearance System (SWCS) here today," according to an official statement. The PIM module of SWCS will facilitate project proponents as well as ministry and state officials in monitoring and expeditious implementation of coal mines. While launching the new IT-enabled facility, Coal Secretary Anil Kumar Jain said it is an innovative endeavour of the government to create a platform to obtain various clearances for operationalisation of coal mines. He called upon officials to organise interactive sessions in order to make the new facility familiar to all

Russia got $98 billion from fuel exports in 100 days of war: Report

According to the report, the EU took 61 per cent of Russia's fossil fuel exports during the war's first 100 days, worth about 57 billion euros

Indian Oil Corporation plans to transport fuel to Tripura via Bangladesh

PSU major Indian Oil Corporation (IOC) on Sunday said it is looking to transport fuel to Tripura through Bangladesh as the rail network has been totally snapped due to massive landslides in Assam

Oil prices firm on weak dollar, tight supply as US driving season looms

"Oil prices are supported as gasoline markets remain tight amid solid demand heading into the peak U.S. driving season," said SPI Asset Management Managing Partner Stephen Innes

Centre tax cut on fuel only 'partial', don't expect same from states: TN FM

The Tamil Nadu government on Sunday described the Centre reducing taxes on petroleum products as 'partial' and said "it is neither fair nor reasonable to expect States to reduce their taxes."

Fearing closure of petrol pumps, RIL-BP drafting a rescue plan: Report

Earlier in 2008, RIL had compensated dealers when it shut retail outlets due to high crude oil prices and lack of support from the government

Navankur Infranergy starts mobile fuel station for doorstep diesel delivery

'Booster Diesel' will meet the demand for diesel by various end-users at their doorstep, according to a release