Fuel Pricing

Within the next few months, almost every region on the planet will face the danger of a diesel shortage

India saved USD 4.2 billion in fuel costs through solar generation in the first half of 2022 and 19.4 million tonnes of coal that would have further stressed an already strained domestic supply, according to a new report released on Thursday. The report by energy think tank Ember, the Centre for Research on Energy and Clean Air and the Institute for Energy Economics and Financial Analysis also analysed the growth of solar power over the last decade and found that five of the top 10 economies with solar capacity are now within Asia, including China, Japan, India, South Korea and Vietnam. The contribution of solar generation in seven key Asian countries -- China, India, Japan, South Korea, Vietnam, the Philippines and Thailand -- avoided potential fossil fuel costs of approximately USD 34 billion from January to June 2022, the report said. This is equivalent to 9 percent of total fossil fuel costs during this period, it added. "In India, solar generation avoided USD 4.2 billion in fu

India's fuel sales soared in the first half of October with an across-the-board surge in transportation fuel demand on the back of the economic activity picking up as festival season kicked in, preliminary industry data showed. Petrol and diesel sales jumped 22-26 per cent year-on-year while also rising month-on-month in the first half of October. Petrol sales soared 22.7 per cent to 1.28 million tonne during October 1-15 when compared to 1.05 million tonne of consumption in the same period last year. Sales were 31 per cent higher than COVID-marred first half of October 2020 and 33.4 per cent more than pre-pandemic October 1-15, 2019. Demand was 1.3 per cent higher than the first half of September 2022. Diesel, the most used fuel in the country, posted a near 27 per cent rise in sales in the first fortnight of October to 3.08 million tonne when compared to the same period last year. Consumption was up 16 per cent over October 1-15, 2020 and 26.6 per cent higher than pre-COVID 2019

Economic slowdown in China, world's second-largest oil consumer, adds to rising concerns about possible global recession triggered by numerous central banks raising interest rates to combat inflation

India's monthly fuel demand in September was at the lowest since November 2021, government data released on Friday showed

Crude oil showed a declining trend, and prices are still stable in India. Petrol in Delhi is available at Rs 96.72, while Mumbai is selling at Rs 106.31 per litre. Check out fuel rates in your city

For the transport sector, the council lowered GST to 5 per cent from 18 per cent on ropeways, renting of goods carriage, including fuel cost

Massive queues of vehicles could be seen at fuel stations in Kashmir on Thursday as people scrambled to fill up the tanks in the wake of rumours that the country is facing shortage of fuel

Petrol Pump Dealers Association said its members in 22 states will join the protest

Some have now criticised Prime Minister Narendra Modi for bringing this issue up during a meeting on Covid-19

PM: States did 'injustice' to people by not passing on benefit of Centre's excise duty cut

This is the ninth increase in prices since the ending of a four-and-half-month long hiatus in rate revision on March 22.

Coming down heavily on the Modi government over the frequent rise in fuel prices, the Trinamool Congress Sunday demanded a discussion on the issue in Parliament. TMC Rajya Sabha MP Derek O'Brien wondered why the BJP government at the Centre was effecting a hike in fuel prices in such a hush- hush manner sans any discussion. "Sunday morn. Again ! In just 2 weeks after election results, fifth #FuelPriceHike in 6 days," O'Brian tweeted. "Mr PM and your mantris You blabber about being open to discus ALL issues in #Parliament.You won 4 States. Why be skittish & run away. Come discus PRICE RISE issue in RS next week," he posted in the microblogging site. BJP state president Sukanta Majumdar said fuel prices are surging in the country due to a rapid hike in global crude oil price. "Why is the TMC government in West Bengal not effecting a roll back of surcharge on fuel, matching with the Centre's move late last year?" he asked. After the central government had reduced the excise duty on

'The market is maintaining a bullish tone on expectations that supply tightness will continue as demand is picking up, with receding fears over spreading Omicron coronavirus variant,'

Cost-slashing innovations are underway in the electric power sector and could give electricity the lead over fossil-based combustion fuels in the world's energy supply by mid-century, a study finds

Slamming the Centre, Raut, whose party shares power with the NCP and Congress in Maharashtra, told reporters that one really needs to be harsh to raise the fuel prices to over Rs 100

Leader of Opposition V. D. Satheesan said: "When the UPA government demitted office the tax that the Centre used to receive on one litre of petrol was Rs 9 and today it is Rs 33."

Fuel prices remained unchanged for a second consecutive day

About 1,500 investment institutions overseeing a combined $39.2 trillion of assets are now committed to divesting from fossil fuels

Vegetable prices have gone up in Delhi-NCR markets due to crop failure and increase in fuel prices.