Fuel News
Why refining margins stayed subdued in FY25. Hint: Shrinking Russian discounts
Refining margins of Indian refiners and OMCs have been on a downward trend from the highs reached in FY23 amid large discounts on Russian oil.
3 min read27 Mar 2025Crown LNG bets on enhanced India-US energy ties; to scale up India operations
Crown LNG is setting up an offshore terminal in Kakinada and potentially another in Haldia. The company aims to benefit from growing US-India energy trade, with an initial capacity of 4 million tonnes and a project cost of $1.1-$1.2 billion.
3 min read26 Feb 2025US-India ties: Increased energy supplies from America augur well for us
We can expect to gain from a better supplied and more efficient market for oil and gas, globally. India’s stance on a green transition calibrated to suit our domestic interests may also gain greater legitimacy.
4 min read19 Feb 2025Honeywell, AM Green to assess feasibility of making sustainable aviation fuel
Honeywell’s agreement with AM Green to study feasibility of making SAF will position India as a global leader in alternative fuel innovation, said Ashish Modi, president, Honeywell India.
2 min read12 Feb 2025Petrol demand seen growing 6.6% in FY26, diesel consumption may rise 2.8%
During calendar year 2024, India witnessed the fastest growth in oil demand growth, surpassing China, according to S&P Global Commodity Insights, and this trend is expected to continued in 2025
3 min read16 Jan 2025US President Joe Biden moves to curb cooking oil imports with green fuel rule
The US is limiting imports of used cooking oil for biofuels, disqualifying foreign supplies from tax credits. This decision is aimed at benefitting American farmers and boosting soybean oil prices.
3 min read11 Jan 2025Refining margins of state-run oil marketing companies fall this fiscal
Although domestic demand for petroleum products has been robust, the global trend has been subdued due to weak demand by China, the second largest importer of crude oil.
3 min read16 Dec 2024Nuclear power: Two stocks tapping into a huge but restricted opportunity
India’s nuclear power sector offers a unique blend of opportunity and constraint—promising significant growth but limited by strict regulation and a small pipeline of projects. Companies like BHEL and HCC could play a key role in advancing the nation’s low-carbon energy ambitions.
7 min read9 Dec 2024Rosneft’ Nayara Energy plans expansion of retail fuel outlets, CNG business
Currently, the refining and oil-marketing company has a network of 6,500 outlets across Gujarat, Rajasthan, Maharashtra, Karnataka, Tamil Nadu, Kerala, Andhra Pradesh, Odisha and Telangana.
3 min read2 Dec 2024Price hike: 19 kg commercial LPG cylinder up by ₹16.50, at ₹1,818.50 in Delhi from today, ATF up 1.45%. Check details
Price hike: OMCs raised 19 kg commercial LPG cylinder prices by ₹16.50, now at ₹1,818.50 in Delhi. The price hike affects businesses reliant on LPG, while 14.2 kg domestic cylinder rates remain unchanged, providing some relief to households.
2 min read1 Dec 2024Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared