Diesel price hiked consecutively for second day
Diesel price was hiked by 25 paise per litre, the third time rates have increased since last week, negating more than half of the price decline…
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The latest diesel news, analysis and data from India and across Asia, reported by Energy Asia.
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Petrol, diesel prices set to rise as international oil rates surge
A surge in international oil prices may translate into an increase in the retail selling price of petrol and diesel in India as oil companies face…
Petroleum products not to be included under GST: FM
Petroleum products will not be included under the Goods and Services Tax (GST), said Union Finance Minister Nirmala Sitharaman.
Biofuel manufacturing, sand mining policy to boost WB
West Bengal government made a slew of announcements aimed at giving a fillip to industry, including proposals for manufacturing biofuel, a draft sand mining policy, a…
Fuel demand jumps 11% in August to 16 MT
India's fuel demand soared almost 11% in August when compared with the same month last year but lower than the previous month as monsoon rains slowed…
Government’s excise collection jumps 48% in Apr-July
The government's collections from levy of excise duty on petroleum products have jumped 48% in the first four months of the current fiscal year, with the…
Reliance aims at 100 GW renewable energy by 2030
Reliance Industries will by 2030 create or enable capacity to generate at least 100 GWs of electricity from renewable sources, which can be converted into carbon-free…
Over ₹1.5 lakh cr UPA-era oil bonds need to be repaid: Puri
Petroleum Minister Hardeep Singh Puri said over ₹1.5 lakh crore of oil bonds issued by the previous UPA government remains to be paid, limiting fiscal space…
Petrol demand continues to rise in August
India's fuel demand recovery remained patchy in August as petrol consumption continued to rise but diesel sales fell, preliminary data from state fuel retailers showed on…
Fuel prices cut by 15 paise/litre after a week’s break
Fuel consumers have finally been given some relief from high prices of petroleum products with oil marketing companies reducing the pump price of petrol and diesel…
In 6 months offering biofuel vehicles must for auto makers
Union Minister Nitin Gadkari said India will make it mandatory for auto manufacturers to offer vehicles running 100% on bio-fuels in the next six months.
Crude oil futures dip on weak demand
Crude oil prices on Tuesday fell by Rs 61 to Rs 5,010 per barrel after participants cut their positions. On the Multi Commodity Exchange, crude oil…
RK Singh urges union ministers, CMs to switch to EVs
Power Minister RK Singh has urged all union ministers and chief ministers to switch over to electric vehicles for all official purposes.
Govt sensitive to fuel price rise, relief in coming month: Puri
Union Petroleum Minister Hardeep Singh Puri said that the Central government is sensitive to fuel price rise while also hinting that the public might get relief…
Petrol, diesel prices cut as global oil rates soften
the pump price of petrol and diesel was cut 15 paise per litre to Rs 101.49 a litre and Rs 88.92 a litre respectively in Delhi.
PM sets 2047 target for India to become energy independent
Prime Minister Narendra Modi on Sunday set a target of becoming 'energy independent' by 2047 through a mix of electric mobility, gas-based economy, doping ethanol in…
Mizoram stares at fuel shortage amid border row
The Mizoram government ordered rationing the purchase of diesel and petrol as the movement of vehicles, including the tankers carrying fuel, continued to remain shut on…
Indian Railways looks to run trains on hydrogen fuel cell
Under the flagship programs of the Government, 'Advanced Chemistry Cell (ACC) Batteries' and 'National Hydrogen Mission', to cut down on the Green House Gas (GHG) emission…
MSRTC issues tenders for LNG and wet lease buses
The Maharashtra State Road Transport Corporation invited bids for hiring 500 ordinary buses as well as conversion of diesel buses into ones that run on Liquefied…
Blending of biodiesel in diesel in India is less than 0.1%
The present percentage of blending of biodiesel in diesel is less than 0.1 per cent, the government informed the Lok Sabha
India seeks reasonable price from oil producers
India has asked crude oil producers, including OPEC, to price oil at reasonable rates and to provide better commercial terms like enhanced credit period
Government starts justifying high central tax on petrol, diesel
The government has justified high level of taxation on auto fuels suggesting that revenue from petroleum sector is important for running various developmental schemes
6.5 MMT storage to be added under phase-2 of SPR
Under Phase II of the petroleum reserve programme, Government has given approval in July 2021 for establishing two additional commercial-cum-strategic facilities with total storage capacity of…
Kerala vet gets patent for biodiesel from chicken waste
John Abraham, a veterinary-doctor-turned-inventor, has finally received the patents for inventing biodiesel from slaughtered chicken waste that offers mileage of over 38 km a litre at…
Govt collections on petrol, diesel jumps to Rs 3.35 lakh cr
The union government's tax collections on petrol and diesel jumped by 88% to Rs 3.35 lakh crore in the year to March 31, after excise duty…