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  • India pegs 2020/21 fuel demand growth at 3.1% vs estimated 1.3% in 2019/20 Mar 02, 2020 11:11 AM IST

    India pegs 2020/21 fuel demand growth at 3.1% vs estimated 1.3% in 2019/20

    India's economy expanded at its slowest pace in more than six years in the last three months of 2019, with analysts predicting further deceleration as the global coronavirus outbreak stifles growth in Asia's third-largest economy.

  • GAIL ferries LNG in trucks over 1,700 km to fuel gas demand in east Jan 21, 2020 03:21 PM IST

    GAIL ferries LNG in trucks over 1,700 km to fuel gas demand in east

    With gas pipelines yet to reach most parts of eastern India, GAIL has hired specialised cryogenic bullet trucks to transport imported liquefied natural gas from Dahej in Gujarat to Bhubaneshwar, where it is used as CNG to fuel automobiles and piped gas as cooking fuel in kitchens, company Chairman and Managing Director Ashutosh Karnatak said.

  • China approves tax waiver for cleaner ship fuel exports, but may limit shipments: Sources Jan 10, 2020 03:06 PM IST

    China approves tax waiver for cleaner ship fuel exports, but may limit shipments: Sources

    Ships globally have switched to lower sulphur fuels, or use emissions-removing devices, to comply with new rules imposed by the International Maritime Organization this year.

  • Mahindra South Africa wins top accolades for fuel efficiency Dec 03, 2019 08:30 AM IST

    Mahindra South Africa wins top accolades for fuel efficiency

    Mahindra's KUV100 NXT K6 took top honours in the A1 class, the category for smaller vehicles which have become very popular in South Africa due to consistently rising fuel prices.

  • Iran's Ayatollah Ali Khamenei backs fuel price hike, blames 'sabotage' for unrest Nov 18, 2019 08:15 AM IST

    Iran's Ayatollah Ali Khamenei backs fuel price hike, blames 'sabotage' for unrest

    "Some people are no doubt worried by this decision ... but sabotage and arson is done by hooligans not our people," the Iranian Supreme Leader said in a live speech on state TV.

  • Fuel pumps in Rajasthan to shut operations for 24 hours over increased VAT rate today Oct 23, 2019 08:35 AM IST

    Fuel pumps in Rajasthan to shut operations for 24 hours over increased VAT rate today

    Sunit Bagai, president of the Rajasthan Petrol Diesel Association (RPDA) said fuel pumps located in the border areas are on the verge of shutdown due to increased VAT rate.

  • India's fuel demand fell 0.1% in September Oct 16, 2019 02:45 PM IST

    India's fuel demand fell 0.1% in September

    Sales of gasoline, or petrol, were 6.3 percent higher from a year earlier at 2.37 million tonnes.

  • Air India not honouring Rs 100 cr/month payment promise: Oil Cos Oct 15, 2019 04:02 PM IST

    Air India not honouring Rs 100 cr/month payment promise: Oil Cos

    "Air India had back in June and again in September agreed to pay the three oil marketing companies Rs 100 crore every month to clear past ATF dues. But unfortunately it hasn't met its commitment," said Sandeep Kumar Gupta, Director (Finance), Indian Oil Corp (IOC).

  • Fuel price today: Petrol touches Rs 80.21/ltr in Mumbai, diesel at Rs 70.76/ltr Oct 01, 2019 09:37 AM IST

    Fuel price today: Petrol touches Rs 80.21/ltr in Mumbai, diesel at Rs 70.76/ltr

    In Delhi, the petrol price was hiked to Rs 74.61 per litre, an increase of 19 paise

  • India's fuel demand rose 3.3% in July Aug 10, 2019 05:00 PM IST

    India's fuel demand rose 3.3% in July

    Consumption of fuel, a proxy for oil demand, totalled 17.58 million tonnes, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed.

  • Cutting dirty fuel use may save 2.7 lakh lives annually in India: Study May 03, 2019 01:45 PM IST

    Cutting dirty fuel use may save 2.7 lakh lives annually in India: Study

    Eliminating emissions from these sources -- without any changes to industrial or vehicle emissions -- would bring the average outdoor air pollution levels below the country's air quality standard, according to the study published in the journal Proceedings of the National Academy of Sciences.

  • India's fuel demand rises 3.8% in February Mar 19, 2019 02:23 PM IST

    India's fuel demand rises 3.8% in February

    Fuel consumption in February totalled 17.41 million tonnes as compared to 16.77 million tonnes in the same month last year, data from the Petroleum Planning and Analysis Cell (PPAC) of the Oil Ministry showed.

  • Wholesale inflation increases to 2.93% in February Mar 14, 2019 12:08 PM IST

    Wholesale inflation increases to 2.93% in February

    Overall food inflation rate also edged closer to 5 percent. It was 4.28 in February this year compared to 2.34 percent in the previous month and 0.95 percent in the same of last year.

  • India's diesel demand to hit record highs in 2019 as country goes to polls Mar 01, 2019 07:55 AM IST

    India's diesel demand to hit record highs in 2019 as country goes to polls

    Surging diesel consumption in India, the world's third-largest oil user, underscores the country's importance as a driver of global oil demand. Amid increasing concerns that crude demand growth may slip in 2019 because of slowing economic growth, India's burgeoning fuel consumption may help underpin oil and fuel prices.

  • Punjab Budget: Govt cuts petrol price by Rs 5, diesel by Re 1 Feb 18, 2019 04:30 PM IST

    Punjab Budget: Govt cuts petrol price by Rs 5, diesel by Re 1

    State Finance Minister Manpreet Singh Badal presented the state Budget for FY20 with a total outlay of Rs 1,58,493 crore with no new taxes.

  • Honda says it is recalling 437,000 vehicles for fuel-pump issue Feb 14, 2019 07:10 AM IST

    Honda says it is recalling 437,000 vehicles for fuel-pump issue

    The automaker says the vehicles' software needs to be updated, and in some cases, have their fuel pumps replaced.

  • India to surpass China to become 2nd largest oil demand centre in 2019 Jan 22, 2019 03:57 PM IST

    India to surpass China to become 2nd largest oil demand centre in 2019

    In a report, Wood Mackenzie said India's oil demand growth recovered strongly in 2018, overcoming the aftermath of the implementation of Goods and Services Tax (GST) and demonetisation, and contributed 14 percent of the global demand growth or 2,45,000 barrels per day.

  • India's fuel demand rose 3.2% in December Jan 11, 2019 03:37 PM IST

    India's fuel demand rose 3.2% in December

    Consumption of fuel, a proxy for oil demand, totalled 18.51 million tonnes, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed.

  • Govt to allot 10 coal mines to CIL in 2019, expects higher output to meet fuel demand Dec 26, 2018 11:37 AM IST

    Govt to allot 10 coal mines to CIL in 2019, expects higher output to meet fuel demand

    Of the 85 mines already allotted, 23 have already started production and the Coal Ministry expects 20 more mines to begin production in the current financial year ending March 2019 or early in the next fiscal.

  • France could change position on wealth tax, President Emmanuel Macron ally suggests Dec 05, 2018 06:25 PM IST

    France could change position on wealth tax, President Emmanuel Macron ally suggests

    Government spokesman Benjamin Griveaux, a close ally of Macron's, said all policies involving taxation needed to be reevaluated from time to time and, if deemed not to be working, should be changed.

  • French PM Edouard Philippe confirms fuel tax suspensions, calls for calm Dec 05, 2018 08:04 AM IST

    French PM Edouard Philippe confirms fuel tax suspensions, calls for calm

    "No tax merits putting the unity of the nation in danger," Philippe said in a televised address, adding that the anger on the streets "originates from a profound injustice: of not being able to live with dignity from one's work".

  • UAE downplays fuel shortage concern, says it has strongly stood with India to cover deficit Nov 29, 2018 04:13 PM IST

    UAE downplays fuel shortage concern, says it has strongly stood with India to cover deficit

    Amid protest against a proposed refinery in Maharashtra involving India, the UAE and Saudi Arabia, the Gulf nation's envoy to India Ahmed Albanna said the state government will allocate land in coming weeks.

  • Fuel demand rises 4% in October Nov 15, 2018 03:01 PM IST

    Fuel demand rises 4% in October

    When fuel prices started to rise on the back of a spurt in international oil rates and depreciation in rupee value against the US dollar in August, demand marginally dipped by 0.3 percent to 16.5 MT. In the following month, when petrol and diesel prices continued their upward trend, consumption rose by just 1 percent to 16.51 MT.

  • India's fuel demand rose 4% in October Nov 13, 2018 04:26 PM IST

    India's fuel demand rose 4% in October

    Consumption of fuel, a proxy for oil demand, totalled 17.99 million tonnes, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed.

  • Petrol reduced by Rs 2, diesel by Re 1 in last 8 days Oct 26, 2018 06:39 PM IST

    Petrol reduced by Rs 2, diesel by Re 1 in last 8 days

    The rates are off their record high of Rs 84 per litre for petrol and Rs 75.45 a litre for diesel touched on October 4.

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