Page 3 - Fuel

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

AirAsia India evaluates fuel savings from taxibot on two modified aircraft

After modifying two of its A320 aircraft, AirAsia India had on November 23 last year started using taxibot to tow them at the Delhi international airport

Italy lowers fuel taxes to help tackle surging prices due to Ukraine war

A statement from the office of PM Mario Draghi read, excise taxes on gasoline, diesel fuel, liquified petroleum gas, and all forms of natural gas will be lowered starting Tuesday, until atleast July 8

Sri Lanka extends credit line with India by $200 mn for fuel: Power Min

Colombo was also in talks with New Delhi over extending the credit line by an additional $500 million, minister Kanchana Wijesekera told a news conference.

Fuel tax cuts: K'taka CM says economy has to be kept in mind

Bommai also said that if other states reduce the taxes, it will help neighboring states

Telangana rejects calls to cut fuel VAT, says had no hike in seven years

The Value Added Tax (VAT) on petrol in Telangana is 35.2 per cent while it is 27 per cent on diesel

Bengal govt spent Rs 1,500 cr in last 3 yrs to provide fuel subsidy: Mamata

Her retort came a few hours after Prime Minister Narendra Modi, in a virtual interaction with chief ministers, flagged higher fuel prices in opposition-ruled states

SFC Energy, FC TecNrgy to make hydrogen and methanol fuel cells in India

German firm SFC Energy and FC TecNrgy have inked a pact to enter into manufacturing of hydrogen and methanol fuel cells in India. The venture plans to set up a manufacturing unit, Research & Development and a repair centre in Gurugram, Haryana, a statement said. Further, they have also announced the launch of EFOY Hydrogen Fuel Cell in India which is expected to play a significant role in meeting the country's National Hydrogen targets which include plans to produce up to 5 million tonne of green hydrogen by 2030. The EFOY Hydrogen is a modular and emission free hydrogen fuel cell solution that meets the highest demands of professional users as in ideal replacement for diesel generators that can be used by a range of industrial applications. Compared to a conventional diesel generator, a 5 kW hydrogen fuel cell energy solution saves up to 45.6 tonne of CO2 based on an assumed annual demand of 43,800 kilowatt hours (kWh). "We want to expand our presence in India and contribute our