Page 2 - Fuel

40,000 MT diesel from India reaches crisis-hit Sri Lanka amid power crisis

Sri Lanka is facing an unprecedented economic and energy crisis caused due to shortage of foreign exchange

Oppn parties attack govt on fuel price hike, protest in Parliament

The Congress accused the government of "looting" Rs 10,000 crore through this "triple assault" on the poor and common people

Cab drivers demand subsidised fuel, streamlining fare fixation process

Drivers of cabs and tourist taxis staged a protest at Jantar Mantar here to demand removal of MCD toll tax and streamlining the process of fixing fares by app-based taxi services Uber and Ola

Reliance steps up crude processing to supply diesel-starved Europe

Reliance Industries Ltd.'s Jamnagar facility is lifting crude processing and deferring planned maintenance to take advantage of surging demand for diesel

Govt working on 14 coal-evacuation rail projects for quick transit of fuel

The government is planning to strengthen the rail infrastructure and has stressed on commissioning 14 critical coal-evacuation rail projects for faster transportation of fuel

Prices of commercial LPG cylinder increased by Rs 105 from March 1

The prices of 19 kg commercial LPG cylinders have been increased by Rs 105 in Delhi from March 1.

Global fuel, commodity prices may soften going forward: NITI's Rajiv Kumar

Stating that the Union Budget does not stoke any inflationary pressure, NITI Aayog Vice Chairman Rajiv Kumar said the rise in international fuel and commodity prices may not continue going forward

Sri Lanka signs $500 million credit line with India to import fuel

Sri Lanka is struggling with its worst financial crisis in years with reserves hitting $3.1 billion in December. The country has to repay about $4 billion in debt repayments this year.

BPCL Q3 consolidated net rises 48% to Rs 2,805 cr, revenue rises by 35%

Company attributes strong show to normalisation of business and rising fuel demand

Soon, no fuel without valid pollution-under-check certificate in Delhi

The city government will put a draft policy in this regard in the public domain

FAANG tech firms hiring more, metaverse to fuel jobs this year

The FAANG companies (Facebook-Meta, Apple, Amazon, Netflix, and Google) listed over 250,000 jobs in 2021 -- a rise of around 44 per cent when compared to 2020, a new report showed on Friday.

Oil prices rebound as growing geopolitical tensions fuel supply fears

Oil prices reached seven-year highs last week, bolstered by tight worldwide supply and resurgent global demand.

India, Denmark agree to initiate joint research on green fuels

India and Denmark agreed to initiate joint research and development on green fuels including green hydrogen, the Science and Technology Ministry said on Wednesday. The Joint Science and Technology Committee meeting held last week discussed national strategic priorities and developments in Science, Technology, and Innovation of both countries. The meeting, held virtually, put a special focus on green solutions for the future -- strategy for investments in green research, technology, and innovation, the ministry said in a statement. They agreed to organise 3-4 webinars for partnership development and stressed on promoting call for proposals in green fuels, including green hydrogen. The Joint Committee also reviewed the progress of the ongoing projects of last two joint calls being implemented in the areas of energy research; water; cyber-physical systems, and bioresources & secondary agriculture.

Govt's excise mop-up from petrol, diesel doubles to Rs 3.7 trillion in FY21

The increase in the collection was mainly on account of rise in the incidence of taxation on fuels

Nothing short of stimulus: Fuel tax cuts may boost consumption by Rs 35K-cr

With revenues set to exceed the annual target by Rs 2 trillion, a softer revenue loss that boosts consumption will provide immense relief, especially to lower income households

Samvat 2078: Demand to fuel supply crunch-driven rally in metals, crude oil

Auto manufacturing getting a big push from EVs, and global air traffic normalising are also likely to be major contributors on the demand side for metals and crude oil

IndiGo Q2 results: Loss widens 20% to Rs 1,435 cr on rising crude oil

Expects strong traffic but high fuel prices cloud revenue recovery

Coal India arm MCL dispatches over 5.47 lakh tonnes of dry fuel

The statement assumes significance in the wake of the country's power plants grappling with coal shortages.

Sril Lanka seeks $500 million loan from India for fuel purchase

The move came few days after energy minister Udaya Gammanpila warned that the current availability of fuel in the island nation can be guaranteed only till next January.

Diesel crosses Rs 100 mark in Mumbai, fuel prices up again

Mumbai on Saturday became the first metro city in the country to see diesel prices cross the Rs 100 per litre mark after fuel prices were hiked again. Petrol price was hiked by 30 paise per litre and diesel by 35 paise a litre, according to a price notification of state-owned fuel retailers. The fifth straight day of price hike pushed fuel rates to a new record high. In Mumbai, diesel now comes for Rs 100.29 a litre; while in Delhi, it costs Rs 92.47. The price of petrol in Delhi rose to its highest-ever level of Rs 103.84 a litre and Rs 109.83 per litre in Mumbai, the notification showed. Prices differ from state to state depending on the incidence of local taxes. Shedding the modest price change policy, state-owned fuel retailers have since Wednesday started passing on the larger incidence of cost to consumers. For four days in a row, the price of petrol has been hiked by 30 paise a litre and diesel by 35 paise, the biggest rally in rates. This is because the international ben