Page 5 - Fuel

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.

Sri Lanka could face shortage of fuel by third week of Jan: Energy Minister

The Sri Lankan government on Tuesday had announced a USD 1.2 billion economic relief package amidst a severe foreign exchange crisis

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

China digs in on coal, crude oil gains as energy crisis deepens

Officials order more than 70 coal mines to ramp up production by nearly 10%

A year after Brexit, Britain is isolated, vulnerable and hurting in Covid

A confluence of crises has forced govt to deploy soldiers to drive fuel trucks, energy suppliers to go out of business and panicked households to try and fill cupboards-all while Covid is still rife

UK relaxes antitrust rules, may bring in army to boost fuel supplies

The government also moved to temporarily suspend competition rules and allow companies to coordinate fuel supplies to the most affected regions.

Europe's energy crunch sparks panic in Asia and scramble to buy fuel

Worried the eye-watering price of natural gas in Europe will spill over, LNG traders in Asia say they're paying record prices for this time of year

Captive coal mine companies get seven days to increase production

The government has given seven days to captive coal mines companies to increase the production to over 85 per cent of their targets, an official release said on Monday.

Govt looks at easing coal stock rules to address fuel shortage

In an attempt to address issue of coal shortage being faced by certain thermal power stations, govt looks at easing coal stock rules to allow diversion of fuel to stations having critical supply

Focus on rollout of flex-fuel vehicles in a year: Gadkari to automakers

Gadkari also appealed to vehicle manufacturers to compulsorily provide a minimum of six airbags across all variants and segments of a vehicle.

Indian carmakers renew bid to delay tougher fuel efficiency rules: Report

SIAM is expected to meet the transport minister on Tuesday to seek a one-year delay in complying with the rules, due to take effect from next April, said sources

Govt looking for prospects about green hydrogen as transport fuel: Gadkari

Union minister Nitin Gadkari on Thursday said the government is looking for prospects about green hydrogen as a potential transport fuel

European Union's plan for carbon push stokes public backlash fears

A European Union plan to extend carbon pricing to the fuel used in cars and to heat homes is facing a wall of early resistance from countries and lawmakers fearing a public pushback

Soaring pump prices pose threat to India's recovery and inflation

Fuel costs have been ratcheted up to current levels by the combined effects of rising benchmark Brent prices and numerous tax hikes over the past few years.