Petrol won’t come under GST: Hardeep Puri

Union Petroleum Minister Hardeep Singh Puri has ruled out the inclusion of petrol under GST, citing its impact on state revenues and the ongoing fluid economic situation. He, however, indicated that fuel prices might decrease if global crude oil prices stabilise and international turbulence subsides.   Currently, international crude oil prices hover around $72-$73 per

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

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.

Green hydrogen fuel could compete with petrol by 2050

Green hydrogen fuel could compete with petrol by 2050 once Malaysia develops its own hydrogen economy ecosystem, says the Science, Technology, and Innovation ministry. Its minister Chang Lih Kang said transitioning to green hydrogen is part of Malaysia’s mission to achieve net-zero carbon emissions by 2050. First, Malaysia must establish both the demand and supply

India achieves 11.6% ethanol blend with petrol

India has achieved an average ethanol blending rate of 11.60 per cent in the first four months of 2023-24 supply year that started from November, against the 15 per cent target set by the government for the whole year. This comes on the back of supplies of 1.8 billion litres of ethanol from both sugarcane-based

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

Ethanol blending saved Rs 24,300 crore foreign exchange

Blending of ethanol into petrol has resulted in savings of over 24,300 cr of foreign exchange in the supply year 2022-23, said Union Petroleum Minister Hardeep Puri. Public sector oil marketing companies (OMCs) have saved about 509 crore litres of petrol on account of ethanol blending. Public sector oil marketing companies (OMCs) have saved about

India aims for 20% ethanol blending in petrol

The Indian government has successfully met the target of achieving a 10 percent average blending of ethanol in petrol under the Ethanol Blended Petrol (EBP) Programme in June 2022, surpassing the scheduled target of November 2022 by five months. The next ambitious goal is set at achieving 20 percent blending of ethanol in petrol by

20 percent ethanol blending in petrol by 2025

India has achieved over 12% ethanol blending and consumes about 50-60 million metric tonnes of petrol a year. Petrol-fuelled vehicles running on Indian roads will be less polluting in near future as petrol sold in the country will have about 20% ethanol mix within two years, as India is trying to increase ethanol production. India

Study shows CO2 emission from biofuels might exceed fossil fuels

Before bioenergy can contribute towards climate-related goals, the team has argued that international agreements must ensure the protection of forests and other natural lands by introducing carbon pricing.