Fuel
Windfall tax cut on diesel, ATF exports from today
The special additional excise duty (SAED), along with the road and infrastructure cess on diesel exports, will now be Rs 16 per litre, down from Rs 20 per litre.
INDIA
One killed, eight injured as fire breaks out at refinery in Mangaluru
An explosion took place in the third plant of the MRPL refinery at Jokatte in Karnataka.
2 Mins Read
WORLD
China rejects US 'long-arm jurisdiction' on tariffs on Russian oil, gas buyers
According to official data, China’s imports of Russian oil and gas amounted to $64 billion last year, and its imports from January to August this year crossed over $70 billion.
3 Mins Read-
WORLD
37 killled in Nigeria while allegedly siphoning crude oil
The Nigerian police confirmed the incident on Friday but gave no death toll and said an investigation was underway.
2 Mins Read
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WORLD
Russia says it is ready to meet India’s oil needs despite US sanctions
The Ambassador’s remarks come against the backdrop of expanding secondary sanctions imposed by Western coalitions.
4 Mins Read
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WORLD
Chevron, Eni commit to major oil expansions as Venezuela seeks to revive production
The deals are separate from a controversial Caracas-Washington deal recently unveiled that gives the US access to 17 oil fields.
2 Mins Read
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WORLD
‘Cure for socialism’: US Energy Secretary Wright backs Venezuela oil deal
Wright said US involvement in Venezuela was intended to help restore investor confidence, describing it as "the cure for socialism".
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BUSINESS
E20 petrol safe for cars; older vehicles may see mileage dip, says FADA chief
FADA President said rural India is increasingly becoming the key driver of demand, with growth becoming more broad-based ahead of the festive season.
5 Mins Read
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BUSINESS
Commercial LPG hiked by ₹9.50, ATF prices rise by 5.46%
The two increases will add to the financial burden of airlines, for whom ATF makes up to 40 per cent of operating costs.
3 Mins Read
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BUSINESS
India emerges as key petrol supplier to Russia amid fuel shortage
The supplies essentially came from Vadinar refinery in Gujarat, operated by Nayara Energy, which is half owned by Russia's Rosneft.
5 Mins Read
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INDIA
Supreme Court to hear plea seeking mandatory ethanol labelling at petrol pumps
The petition, filed by Narendra Kumar Goswami, has also sought a direction that every fuel invoice should specifically and legibly state the percentage of ethanol in the petrol.
4 Mins Read
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BUSINESS
India boosts US LPG, LNG imports as West Asia crisis hits Gulf supplies
Imports from Gulf suppliers have fallen sharply after the effective closure of the Strait of Hormuz, following the outbreak of war between Iran and the United States.
11 Mins Read
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INDIA
Congress calls E20 policy ‘anti-people’, demands immediate review amid rising costs
Jairam Ramesh shared on X, a post from Hindi daily that claimed sugar prices in the country rose by 40% in three months, jaggery rose 24%, rice by 16% and maize flour by 11%.
6 Mins Read
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INDIA
India govt defends E20 fuel policy, says mileage depends on many factors
The government has previously acknowledged that some vehicles may experience a 3-5 per cent reduction in fuel economy with E20.
3 Mins Read
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BUSINESS
India cuts windfall gains tax on petrol, diesel, ATF exports
The finance ministry, in a notification, said the duty hikes will be effective from August 15.
2 Mins Read
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BUSINESS
India's ethanol supplies cross 800-crore-litre mark as grain-based share rises to 76% in July: AIDA
A total of 93 crore litres of ethanol was supplied in July, taking cumulative supplies beyond the 800-crore-litre milestone.
4 Mins Read




