The European Union's delayed ban-effective January 21 next year-on fuels made from Russian crude offers temporary relief, but its restrictive definition of such fuels could pose a challenge to Indian exporters.
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India's Union Petroleum and Natural Gas Minister, Hardeep Singh Puri, hopes for a potential reduction in petrol and diesel prices, pending stable global crude oil prices for the next two to three months.
The head of the Iranian Parliament’s Environmental Caucus cited old vehicles as a key factor in the country’s fuel imbalance and said the caucus is reviewing the process of scrapping outdated cars and motorcycles under the Seventh Development Plan (2024-28).
Petroleum and Natural Gas Minister Hardeep Singh Puri on Sunday said India has never faced a shortage of petroleum products, even during the Covid pandemic or global conflicts, crediting the government’s foresight for ensuring uninterrupted supplies.
A member of the Iranian Parliament's Energy Committee praised the Oil Ministry and NIORC for their timely and effective measures in meeting public gasoline needs.
During the 12-day war between Iran and Israel, Iran experienced a 50% increase in gasoline consumption, posing logistical challenges for fuel distribution, but fuel supply remained uninterrupted.
Iran's first vice president reported that gasoline consumption exceeded production by 80 million liters on the first day of the 12-day war, but the economic situation was effectively managed.
Iran's vice-president reports a nearly doubled demand for motor fuel during Israeli aggression, despite no disruption to fuel supplies despite direct attacks on Iran's energy facilities.
Iran’s First Vice President praised the Oil Ministry’s effective role in ensuring stable fuel and energy management during the 12-day aggression by the Zionist regime, saying the ministry once again demonstrated its capability and resilience under difficult circumstances.
An analysis of gas consumption data from May 31-June 6, shows that the average daily gas consumption by power plants exceeded 281 million cubic meters, peaking on June 2 at over 287 million cubic meters—the highest recorded level.
Indian government has announced plans to deploy at least 1,000 hydrogen-powered trucks and buses by 2030.
From June 2 to 7, more than 801 million liters of gasoline were distributed and consumed across the country, bringing the average daily consumption during this period to over 133 million liters.
TotalEnergies defended its strategy of labelling natural gas as a transition fuel in promotional material as part of its rebranding, in a landmark trial over the claim that the French oil and gas group had overstated its climate commitments and misled consumers.
India is exporting more diesel on the east of Suez route into Southeast Asia in May, with shipments to the region on track for a four-year high, Reuters reported on Friday, quoting vessel-tracking data and trade sources.
NIOPDC CEO confirms that the subsidized diesel fuel quota price for urban and intercity transport fleets with verified performance will remain at 300 tomans per liter.
Iran plans to commission two new oil refineries and three fuel quality upgrade projects by the end of the current Iranian year (March 2026), the head of the National Iranian Oil Refining and Distribution Company (NIORDC) announced on Saturday.
The director of Iran's National Oil Engineering and Construction Company has announced that the Real-Time Monitoring Plan for the Supply and Distribution Chain of Petroleum Products will be operational by March 2026.
Indian Oil Corporation confirms adequate fuel and LPG stocks, reassures public not to panic buy, as fuel and LPG are readily available at all outlets.
Iran increased gasoline production to 120 million liters daily in Ordibehesht, despite a decline in profitability in the refining industry, according to a senior industry official.
Iran’s oil minister announced the continuation of quality improvement projects at domestic refineries to enhance gasoline standards, stating that some refineries already produce Euro 4 and Euro 5 gasoline. Once these projects are completed, the supply of higher-quality fuel will increase.