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HPCL inks pact with Sea6 Energy to convert seaweed biomass into fuels  Government-owned oil major HPCL and Sea6 Energy Private Limited have entered into a Memorandum of Understanding (MoU) for R&D collaboration to take up joint development and commercialisation of technologies for valorising seaweed biomass, according to a company statement issued on Wednesday.  Under this MoU, HPCL will develop and scale up technologies jointly with Sea6 Energy for the conversion of seaweed biomass into fuels and chemicals. While these technologies are being d...
HPCL inks pact with Sea6 Energy to convert seaweed biomass into fuels
HPCL inks pact with Sea6 Energy to convert seaweed biomass into fuels
Source: IANS
2024-12-11 03:10:42 pm
Petrol, diesel, jet fuel sales surge in Nov as economy picks up  India’s petrol, diesel and jet fuel sales shot up in November this year compared to the same month last year, reflecting the higher level of economic activity in the country, data compiled by the public sector oil companies showed.  Petrol sales of Indian Oil, Bharat Petroleum and Hindustan Petroleum jumped by 8.3 per cent to 3.1 million tonnes in November compared to 2.86 million tonnes of consumption in the same month last year due to the increase in demand for the fuel ...
Petrol, diesel, jet fuel sales surge in Nov as economy picks up
Petrol, diesel, jet fuel sales surge in Nov as economy picks up
Source: IANS
2024-12-02 12:48:27 pm
Food waste crisis fuels sustainable practices across APAC food & beverage industry  The escalating food waste crisis in the Asia-Pacific region is driving sustainability initiatives in the food and beverage industry, according to a report on Friday.   The report by GlobalData, a data and analytics company, showed that the sustainability practices include ethical sourcing, food waste reduction, and implementing composting programmes and efficient waste management systems. "As awareness around sustainability grows, consumers increasingly prioritise ethica...
Food waste crisis fuels sustainable practices across APAC food & beverage industry
Food waste crisis fuels sustainable practices across APAC food & beverage industry
Source: IANS
2024-11-16 09:32:50 am
India`s fuel demand fell 1.6% y/y in Sept  India's fuel demand fell 1.6% in Sept compared with the same month last year. Consumption of fuel, a proxy for oil demand, totalled 17.92 million metric tons, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed. Sales of gasoline, or petrol, were 3.0% higher from a year earlier at 3.15 million metric tons. Diesel consumption was down 1.8% and totaled 6.37 million metric tons in Sept. Cooking gas or liquefied petroleum gas (LPG) sales incr...
India`s fuel demand fell 1.6% y/y in Sept
India`s fuel demand fell 1.6% y/y in Sept
Source: Reuters
2024-10-08 08:50:44 am
India`s June fuel demand edges up 2.6% India's fuel consumption rose by 2.6% year-on-year to 19.99 million metric tons in June from a year earlier, data from the Petroleum Planning and Analysis Cell of the oil ministry showed on Monday. WHY IT IS IMPORTANT India is the world's third-biggest oil importer and consumer. The data is a proxy for the country's oil demand. KEY QUOTE Prashant Vasisht, vice president and co-head, corporate ratings at India Credit Rating Agency (ICRA), said there had been solid econo...
India`s June fuel demand edges up 2.6%
India`s June fuel demand edges up 2.6%
Source: Reuters
2024-07-09 10:16:33 am
Household consumption expenditure jumps in India as incomes rise Household consumption expenditure on goods and services in both the rural and urban areas of India, which reflects the standard of living and well-being of the population, has shown a robust increase over the last decade, according to the latest survey released by the Ministry of Statistics.  The monthly per capita household consumption in rural India jumped by over 40 per cent in 2022-23, after adjusting for inflation, compared to the corresponding figure recorded for 2011-12, accord...
Household consumption expenditure jumps in India as incomes rise
Household consumption expenditure jumps in India as incomes rise
Source: IANS
2024-06-10 02:24:45 pm
India Strategy : Resilience Fuels Optimism for Appreciation - Yes Securities The Indian Rupee (INR) has demonstrated remarkable resilience, hitting a perceived bottom of 83.5 against the US Dollar and now showing signs of a structural uptrend. Factors such as narrowing CAD, robust FX reserves, and favourable inflation disparities support this trajectory. While RBI intervention aims to maintain stability, the overall outlook suggests a potentially appreciating INR in the years ahead, with projections of USD/INR reaching 78 by FY2026. Current Account Trends: Driving ...
India Strategy : Resilience Fuels Optimism for Appreciation - Yes Securities
India Strategy : Resilience Fuels Optimism for Appreciation - Yes Securities
Source: Yes Securities Ltd.
2024-05-24 10:56:44 am
India's April fuel demand edges up 6.1% year-on-year India's fuel consumption rose by 6.1% year-on-year in April, data from the Petroleum Planning and Analysis Cell of the oil ministry showed on Tuesday. WHY IT IS IMPORTANT India is the world's third-biggest oil importer and consumer. The data is a proxy for the country's oil demand. KEY QUOTE "The rise in total fuel consumption in April can be attributed to the increased activity in the run up to elections across the country," said Prashant Vasisht, vice presi...
India's April fuel demand edges up 6.1% year-on-year
India's April fuel demand edges up 6.1% year-on-year
Source: Reuters
2024-05-07 10:50:29 am
India`s fuel demand hits new financial year record, up about 5% India's fuel consumption fell 0.6% year-on-year in March, but demand for the 2024 financial year was up about 5%, primarily driven by higher automotive fuel and naphtha sales. Total consumption, a proxy for oil demand, totalled 21.09 million metric tons (4.99 million barrels per day) in March, down from 21.22 million tons (5.02 mbpd) last year, preliminary data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed on Saturday. However, fuel demand for the 2...
India`s fuel demand hits new financial year record, up about 5%
India`s fuel demand hits new financial year record, up about 5%
Source: Reuters
2024-04-08 02:01:55 pm
Need to work together to make Hydrogen more economical, cleaner: Ajay Sood On the first day of the five-day Steering Committee Meeting of the International Partnership for Hydrogen and Fuel Cells in the Economy (IPHE), Principal Scientific Advisor to Government of India, Ajay Sood has pointed out that while hydrogen is not a very new technology, there is a need to work together to make it more economical and cleaner. The meeting is being convened in New Delhi, India during March 18 - 22, 2024. Ajay Sood also emphasized on the importance of skill development and R...
Need to work together to make Hydrogen more economical, cleaner: Ajay Sood
Need to work together to make Hydrogen more economical, cleaner: Ajay Sood
Source: Accord Fintech
2024-03-19 04:09:34 pm
Indian researchers develop new method to harness, convert CO2 to ethylene A team of Indian researchers has synthesised a novel and highly efficient photocatalyst that can convert carbon dioxide (CO2) to high-value products ethene and ethylene -- used as fuel gases and also for the polymer industry. The innovation will help India stride towards clean fuel, and bolster its goal for net-zero emissions by 2070. The team at the Jawaharlal Nehru Centre for Advanced Scientific Research (JNCASR), Bengaluru (an autonomous institution under the Department of Science &a...
Indian researchers develop new method to harness, convert CO2 to ethylene
Indian researchers develop new method to harness, convert CO2 to ethylene
Source: IANS
2024-03-08 11:43:06 am
India`s fuel demand rises 5.7% y/y in February on strong factory output India's fuel consumption rose 5.7% year-on-year in February, government data showed on Thursday, helped by strong factory activity in the world's third-biggest oil importer and consumer. Total consumption, a proxy for oil demand, totalled 19.72 million metric tons (4.98 million barrels per day) in February, up from 18.66 million tons last year, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed. Demand was up about 5.1% on a daily basis from the...
India`s fuel demand rises 5.7% y/y in February on strong factory output
India`s fuel demand rises 5.7% y/y in February on strong factory output
Source: Reuters
2024-03-07 04:00:35 pm
UCAL gains on getting nod for acquisition of up to 49% stake of Avironix UCAL is currently trading at Rs. 158.50, up by 0.75 points or 0.48% from its previous closing of Rs. 157.75 on the BSE. The scrip opened at Rs. 160.00 and has touched a high and low of Rs. 161.65 and Rs. 158.35 respectively. So far 11327 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 185.00 on 07-Feb-2024 and a 52 week low of Rs. 105.70 on 29-Mar-2023. Last one week high and low of the scrip stood at Rs. 181.0...
UCAL gains on getting nod for acquisition of up to 49% stake of Avironix
UCAL gains on getting nod for acquisition of up to 49% stake of Avironix
Source: Accord Fintech
2024-02-15 04:22:43 pm
Government issues guidelines for using Green Hydrogen as fuel in trucks, buses The government on Wednesday issued guidelines for undertaking pilot projects for using Green Hydrogen as fuel in buses, trucks and 4-wheelers. Under the National Green Hydrogen Mission, the Ministry of New & Renewable Energy (MNRE) will implement pilot projects for replacing fossil fuels in the transport sector with Green Hydrogen and its derivatives. Officials said that these pilot projects will be implemented through the Ministry of Road Transport and Highways and the Scheme Imple...
Government issues guidelines for using Green Hydrogen as fuel in trucks, buses
Government issues guidelines for using Green Hydrogen as fuel in trucks, buses
Source: IANS
2024-02-15 09:26:50 am
Sales of petroleum products rise to 7-month high India's consumption of petroleum products rose to a seven-month high in December to about 20.05 million metric tons, according to data compiled by the Petroleum Ministry. Total consumption rose by 6.2 per cent from 18.89 million tons in November and was 2.6 per cent higher than the corresponding figure for December last year. Sales of diesel, mainly used in the transport and farm sectors increased by 0.9 per cent month-on-month to 7.6 million tons. However, petrol sales fell by 4.5 ...
Sales of petroleum products rise to 7-month high
Sales of petroleum products rise to 7-month high
Source: IANS
2024-01-08 10:20:00 am
IndiGo announces to remove fuel charges after reduction in ATF Budget carrier IndiGo on Thursday announced the removal of fuel charge applicable on its on domestic and international routes. The fuel charge had been introduced in October, 2023, following a surge in Aviation Turbine Fuel (ATF) prices. "With recent reduction in ATF prices, IndiGo is withdrawing the charge," said the airlines spokesperson. "As ATF prices are dynamic, we will continue to adjust our fares and components thereof, to respond to any change in prices or mar...
IndiGo announces to remove fuel charges after reduction in ATF
IndiGo announces to remove fuel charges after reduction in ATF
Source: IANS
2024-01-04 11:48:17 am
Indian state fuel retailers hike ethanol procurement prices India's state fuel retailers have raised purchase prices for ethanol made from C-heavy molasses by 6.87 rupees per litre, the oil ministry said on Friday on social media platform X. The new purchase price of 56.28 rupees per litre is aimed at boosting production of ethanol, which is used for blending with petrol. Ethanol makes um more than 10% of petrol sold in India is ethanol and the government aims to raise blending to 20% by 2025. Earlier this year, the government directed sugar...
Indian state fuel retailers hike ethanol procurement prices
Indian state fuel retailers hike ethanol procurement prices
Source: Reuters
2023-12-29 02:42:48 pm
Google Maps to bring `fuel-efficient routing` feature to help Indian users save fuel  Google on Tuesday announced several AI-powered India-focused features on Maps, and one of them is "fuel-efficient routing", which it said to bring by January next year to users across the country for four-wheelers as well as two-wheelers, enabling them to save fuel while encouraging sustainable route choices without significantly impacting travel time. "Applying AI to understand real-time traffic data, road elevation, and even the vehicle's engine type, Google Maps...
Google Maps to bring `fuel-efficient routing` feature to help Indian users save fuel
Google Maps to bring `fuel-efficient routing` feature to help Indian users save fuel
Source: IANS
2023-12-19 05:06:09 pm
India`s fuel demand slips in November from four-month peak India's fuel consumption in November fell after hitting a four month peak in the previous month, hit by reduced travel in the world's third biggest oil consumer as a festive boost fizzled out. Total consumption in November, a proxy for oil demand, fell by 2.8% to 18.72 million tonnes from 19.26 million tonnes in October, the data from the Indian oil ministry's Petroleum Planning and Analysis Cell (PPAC) showed. It was down about 2% compared with the same period a year earlie...
India`s fuel demand slips in November from four-month peak
India`s fuel demand slips in November from four-month peak
Source: Reuters
2023-12-08 09:13:08 am
Thali cost dips in October as potato, tomato, chicken prices drop The cost of representative, home-cooked vegetarian and non-vegetarian thali fell by 5 per cent and 7 per cent, respectively, in October compared to the same month of the previous year, according to the latest CRISIL report released on Monday. The decline in thali cost, which reflects a dip in food inflation, was due to a significant 21 per cent and 38 per cent year-on-year decline in the prices of potato and tomato, respectively, during the month, the report stated. The cost of non-veg ...
Thali cost dips in October as potato, tomato, chicken prices drop
Thali cost dips in October as potato, tomato, chicken prices drop
Source: IANS
2023-11-07 10:22:39 am
India`s October fuel demand revs up on festive boost India's fuel consumption rose to a four-month high in October, government data showed on Monday, as increased industrial activity boosted sales during the festive season and the onset of winter in the world's third biggest oil consumer. Total consumption in October, a proxy for oil demand, rose by 5.5% to 19.26 million tonnes from 18.26 million tonnes in September, the data from Indian oil ministry's Petroleum Planning and Analysis Cell (PPAC) show. It was up 3.7% compared w...
India`s October fuel demand revs up on festive boost
India`s October fuel demand revs up on festive boost
Source: Reuters
2023-11-07 09:10:37 am
India`s fuel demand rose 5.5% month-on-month in October ndia's fuel consumption, a proxy for oil demand, rose in October by 5.5% month-on-month to about 19.26 million metric tons, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed on Monday.
India`s fuel demand rose 5.5% month-on-month in October
India`s fuel demand rose 5.5% month-on-month in October
Source: Accord Fintech
2023-11-06 01:42:23 pm
FUEL celebrates 17th Foundation Day, awards scholarship to 90 underprivileged students Friends Union For Energising Lives (FUEL), a non-profit organisation dedicated to empowering marginalised youth, celebrated its 17th Foundation Day in Pune, reaffirming its commitment to uplift underprivileged communities.The event featured engaging activities and included the awarding of scholarships to 90 unprivileged female students, showcasing FUEL?s dedication to improving lives through skill development and vocational training.Eminent personalities, policymakers, industry leaders, and g...
FUEL celebrates 17th Foundation Day, awards scholarship to 90 underprivileged students
FUEL celebrates 17th Foundation Day, awards scholarship to 90 underprivileged students
Source: IANS
2023-10-10 06:16:50 pm
India increases windfall tax on petroleum crude The Indian government increased windfall tax on petroleum crude, while reduced it on aviation turbine fuel and diesel, according to a government notification on Friday.The windfall tax on petroleum crude will be raised to 12,100 rupees ($145.65) per ton from 10,000 rupees ($120.37), effective Sept. 30.The levy has been cut on aviation turbine fuel to 2.50 rupees per litre from 3.50 rupees per litre, while on diesel to 5 rupees per litre from 5.50 rupees.On Sept. 16, the government had raised ...
India increases windfall tax on petroleum crude
India increases windfall tax on petroleum crude
Source: Reuters
2023-09-30 09:56:56 am
Hardeep Puri launches hydrogen fuel cell powered bus, says domestic demand to increase by 4 times  Hydrogen is deemed as the fuel for future with immense potential in helping India meet it?s decarbonisation targets and its global demand for hydrogen is expected to increase by four to seven times to 500-800 million tonnes by 2050, Union Petroleum Minister Hardeep Singh Puri said on Monday.The domestic demand is expected to increase by four times, from current 6 million tonnes at present to 25-28 MT by 2050, he added, informing that PSUs under the ministry shall be able to produce arou...
Hardeep Puri launches hydrogen fuel cell powered bus, says domestic demand to increase by 4 times
Hardeep Puri launches hydrogen fuel cell powered bus, says domestic demand to increase by 4 times
Source: IANS
2023-09-25 12:30:59 pm