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Diesel remains vital for India despite rising green fuel

Inshorts · 3m ago

Diesel remains vital for India despite rising green fuel

Despite a slowdown in diesel sales growth, the fuel remains critical for India's transport, agriculture, and industry sectors. Alternatives like EVs and CNG are rising, especially in cities, but diesel still dominates long-haul trucks and buses. Experts say green fuels are far from replacing diesel's utility in the next 6-7 years, making its exit anything but imminent.

Related News

India's Fuel Demand Up 2.1% YoY in December, Despite Ongoing EV Transition Efforts

OutlookIndia

OutlookIndia · 3m ago

India's Fuel Demand Up 2.1% YoY in December, Despite Ongoing EV Transition Efforts

India's fuel demand increased by 2.1% in December YoY, reaching 20.67 million metric tonnes despite efforts to transition to electric vehicles (EVs) and reform fossil fuel subsidies. Gasoline sales rose by 10.8%, diesel by 6%, and LPG by 5.8%, whereas naphtha sales dropped by 22.7%. India aims for net-zero emissions by 2070, with EV adoption accelerating and fossil fuel subsidies reduced by 85% since 2010, freeing resources for clean energy initiatives.

Shripad Yesso Naik urges industry, global firms to invest in Green Hydrogen sector

Economic Times

Economic Times · 2m ago

Shripad Yesso Naik urges industry, global firms to invest in Green Hydrogen sector

Minister Shripad Yesso Naik urged industry leaders to invest in the green hydrogen sector to ensure energy security and reduce fossil fuel dependency. He emphasized the potential of green hydrogen to enhance industrial competitiveness and called for global partnerships in research and infrastructure development. With existing international collaborations, India aims to become a global hub for green hydrogen. The high cost remains a challenge, prompting suggestions for subsidies to boost domestic production.

'Yeh jo kiraye ke tattu hain': Union Minster Hardeep Puri slams pro-Khalistan protestors

Economic Times

Economic Times · 2m ago

'Yeh jo kiraye ke tattu hain': Union Minster Hardeep Puri slams pro-Khalistan protestors

Union Minister Hardeep Singh Puri criticized recent pro-Khalistani protests in Canada, describing the demonstrators as "hired stooges" who shouldn't be taken seriously. He made these remarks during an exhibition event in Delhi. Puri also addressed concerns about rising fuel prices due to Iran-Israel tensions, assuring that India has sufficient energy reserves. He highlighted advancements in India's green energy sector, including bio-fuel blending and initiatives in green hydrogen technology. Global markets remain cautious amid regional tensions impacting oil prices.

Doorstep diesel delivery startup The Fuel Delivery raises $2M in funding

IndianStartupNews

IndianStartupNews · 2y ago

Doorstep diesel delivery startup The Fuel Delivery raises $2M in funding

Mumbai-based doorstep diesel delivery startup The Fuel Delivery (TFD) has raised $2 million as part of a pre-Series A funding round led by Singapore-based Drake Trade and Investment. The startup specializes in doorstep diesel delivery services. The investment is expected to fuel the company's expansion plans and enhance its operations to meet the growing demand for convenient and efficient fuel delivery services in the market.

India to consider additional 10% tax on diesel engine vehicles

Reuters · 1y ago

India to consider additional 10% tax on diesel engine vehicles

India's Road Transport Minister, Nitin Gadkari, has proposed an additional 10% tax on diesel vehicles to reduce fuel emissions and pollution. He warned automakers of even higher levies if they don't transition away from diesel. Currently, India imposes a 28% tax on diesel vehicles with additional "cess" based on engine capacity. Gadkari's comments sparked discussion among auto executives, with some describing it as a "bombshell." Pollution is a growing concern in India, and the government has been promoting electric vehicles (EVs) with tax incentives.

Long live cash! Even as cashless is in - The Economic Times

Economic Times

Economic Times · 2m ago

Long live cash! Even as cashless is in - The Economic Times

Despite the rise of digital payments in India, cash demand remains strong due to factors like economic growth, inflation, demographics, rural income recovery, and financial exclusion. Older generations prefer cash, while reverse migration and policy shifts further fuel currency circulation. Economic growth supports both cash and cashless transactions, though gradual shifts in behavior due to urbanization and technology access are anticipated. Globally, cash demand is rising, influencing Indian currency circulation, both domestically and internationally.

Indian Oil draws up green hydrogen fuel retail network plan

Livemint

Livemint · 1m ago

Indian Oil draws up green hydrogen fuel retail network plan

Indian Oil Corp. (IOC) plans to establish a nationwide green hydrogen fuel retail network as part of a $30 billion investment to achieve net zero emissions by 2046. The initiative will replace grey hydrogen with green hydrogen for internal use in refineries and cater to growing mobility demand for green hydrogen fuel cells in India. The strategy underscores Indian Oil's commitment to sustainable energy solutions and expanding its role in the green hydrogen market.

NTPC in talks with Maersk to sell green methanol for fuelling its ships | Company Business News

Livemint

Livemint · 8m ago

NTPC in talks with Maersk to sell green methanol for fuelling its ships | Company Business News

NTPC Green Energy, a subsidiary of India's largest power generation utility, is in talks with shipping company A.P. Møller – Mærsk to sell green methanol for its ships. The discussions come amid tightening marine fuel standards globally, including the European Union's Fuel Maritime Regulation. Green methanol is made by combining green hydrogen with captured carbon dioxide. Maersk has ordered dual-fuel vessels that can run on bio- or e-methanol or liquefied gas. NTPC Green Energy plans to produce a range of green molecules, including green methanol, green ammonia, and green urea, at its proposed hub in Andhra Pradesh.

'Indian auto sector looks promising...': Expert on investing in domestic auto stocks

Business Today

Business Today · 4m ago

'Indian auto sector looks promising...': Expert on investing in domestic auto stocks

The Nifty Auto Index has dropped nearly 28% since its September 2024 peak, influenced by US tariff concerns, declining automobile demand, and overall market corrections. Despite the challenges, the United States remains a vital market, accounting for 27% of Indian auto component exports.

Monsoon rains dent state retailers' diesel sales, data shows

Money Control

Money Control · 11m ago

Monsoon rains dent state retailers' diesel sales, data shows

Indian state retailers experienced a decline in diesel sales in the first half of September compared to August due to monsoon rains affecting industrial activity and mobility. Sales of gasoline remained flat, but were down compared to last year, while liquefied petroleum gas sales increased from the previous month, but were still lower than last year. Aviation fuel sales also decreased compared to the previous month. Overall, fuel demand in India typically falls during the monsoon season.

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