Neste makes Singapore’s first marine sector renewable diesel delivery

Neste has made the first delivery of its MY Renewable Diesel to the marine sector in Singapore. The delivery was made in cooperation with KPI Ocean Connect, with operational delivery in Singapore waters being carried in partnership with Global Energy. Neste, Finnish-headquartered renewable fuels producer, says that its MY Renewable Diesel is a solution for reducing greenhouse gas

Nayara Energy sees 14.3% rise in domestic fuel sales

Nayara Energy, India’s largest private fuel retailer, posted a 14.3 per cent rise in fuel sales for the second quarter of the 2024 calendar year, while exports dropped as the firm met rising local demand for fuel. In the April-June quarter, Nayara sold 75 per cent of all diesel it produced at its Vadinar oil

EVs will cost the same as ICE vehicles: Nitin Gadkari

Within 2 years, the cost of petrol and diesel vehicles will be the same as that of an Electric Vehicle (EV), said Transport Minister Nitin Gadkari while addressing the 64th ACMA annual session. Minister also said that he doesn’t have a problem with the Finance Minister giving subsidies on EVs after earlier suggesting that subsidies

Russia’s seaborne diesel exports fall

Russia’s seaborne diesel and gasoil exports are expected to fall in August to the lowest since September 2023 at 2.7 million-2.8 million metric tons due to refinery maintenance and domestic fuel demand, according to LSEG and market data sources. Russia’s refinery runs in August were steady or slightly higher than in July, but diesel production

Kotug to work with Padmos for electric pusher tugs construction

Offshore towage specialist Kotug International has signed a framework agreement with Padmos for the construction of the entire lineup of its fully electric pusher boats. The electric pusher tugs, known as E-Pushers, have three models depending on size – the S, M, and L. The series sizes range from 9–22 meters in length, with a

India to get rid of petrol, diesel vehicles: Gadkari

Nitin Gadkari wants to slash GST on hybrid vehicles and has vowed to rid India entirely of the over 36 crore petrol and diesel vehicles. “One hundred per cent,” the Union Minister for Road Transport and Highways said when asked whether it is possible for India to get rid of petrol and diesel cars altogether.

Diesel trucks conversions to electric commercially unavailable

Transitioning away from fossil fuels is currently not possible within a reasonable timeframe and price range, a major mining company said. Running Thiess’ entire heavy vehicle fleet on environmentally friendly fuel is still in the pipeline. The employer will spend the rest of 2024 rebuilding 65 trucks to keep operating on diesel. Instead of replacing

OMCs may cut down fuel prices next month: Report  

The oil marketing companies (OMCs) have abstained from altering prices since April 2022, but with crude oil costs softening, a comprehensive pricing review is imminent, according to a report by Hindustan Times. State-run oil companies in India are considering a significant reduction in petrol and diesel prices next month following robust third-quarter results that are

Biden Rejects Oil Refineries Seeking Biofuel-Blending Exemptions

The Environmental Protection Agency’s decision is a blow to 15 unidentified small refineries that had sought the waivers from requirements to blend renewable fuels into gasoline and diesel, arguing the mandates were too costly. However, the agency determined none of the 26 rejected applications demonstrated they experienced disproportionate economic hardship caused by their compliance with

India reimposes tax on domestic crude production

The government has reimposed a tax of 1,600 rupees/t ($2.66/bl) on domestic crude output from 15 July, after slashing it to zero on 16 May. The federal government revises the windfall tax rates every two weeks but had kept the levy at zero over the last two months. India has reimposed the windfall tax even