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India can save USD 6 billion through ethanol-blended fuel: Report

The study on 'Fuel Blending in India - Learnings and Way Forward' has also projected that a reduction in carbon dioxide emission by up to 10.41 million tonne can be achieved by 2021-22.
Posted: December 10, 2016, 9:21 am
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ExxonMobil becomes Red Bull Racing's fuel and lubricant partner

Under the agreement, ExxonMobil will supply Red Bull Racing with Mobil 1 lubricants and Synergy race fuels and provide engineering support to develop next-generation lubricants to improve race car engine and gearbox performance.
Posted: December 7, 2016, 5:20 pm
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IOC, BPCL, HPCL join hands to set up India's biggest oil refinery

The three firms signed the pact for the 60-million tonne a year refinery in Maharashtra with IOC as leader of the consortium, officials said.
Posted: December 7, 2016, 4:51 pm
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Petrol, diesel prices could rise 5-8% in 3-4 months: Crisil

In Mumbai, that would mean petrol price could top Rs 75 per litre compared with Rs 72 now, and diesel more than Rs 64 compared with Rs 60 now.
Posted: December 7, 2016, 10:51 am
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India has 53,221 petrol pumps across the country: Government

There are 53,221 petrol pumps in the country of which 41,140 are located in urban areas and 12,081 are in rural areas, Goyal said during Question Hour, speaking on behalf of Petroleum Minister Dharmedra Pradhan.
Posted: December 6, 2016, 9:00 am
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Oil demand growth in India likely to take a hit post demonetisation

Sales of scooters and motorcycles, one of the key drivers for gasoline demand, have also taken a hit. India’s second largest two-wheeler manufacturer Bajaj Auto said its local sales fell 10.3 per cent in November, while sales at India’s largest sport utility vehicle-maker Mahindra & Mahindra declined 22 per cent in November.
Posted: December 5, 2016, 10:59 am
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Industries across NCR using sulphur-heavy fuel, says Environment Pollution authority

While furnace oil (FO) is 'bottom-of-the-barrel' product at refineries, pet coke is a by-product found in these facilities and there has been a spike in their sales possibly due to a "crash" in the global fuel prices, the panel said.
Posted: December 4, 2016, 10:08 am
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Demonetisation: 25% decline in business at petrol pumps

According to the Petrol and Diesel Dealers association, functioning of pumps was normal and people approaching with old notes were denied fuel.
Posted: December 4, 2016, 9:51 am
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Crude jump: Subsidies unlikely to overshoot budget estimate

Similarly, impact of higher crude prices on the fiscal position may also be limited next fiscal year because GURs will not increase significantly as there are regular fortnightly hikes in prices of subsidised LPG and kerosene.
Posted: December 2, 2016, 9:22 pm
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Use of Natural Gas to fight menace of Pollution

The ministry has taken an initiative to explore the possibility of usage of Liquefied Natural Gas (LNG) as a transportation fuel in Road Transport sector.
Posted: December 1, 2016, 1:47 pm
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