DOMESTIC FUEL
Shipping data shows China trimming fuel exports, not halting
China is reducing refined fuel exports, not banning them. Shipments to countries like Malaysia and Australia continue. April export cuts are deeper than March. Hong Kong continues to receive robust fuel supplies. This comes as global fuel markets face tight supplies. China's actions are deliberate allocations, not blanket restrictions.
Nigerian airlines pause flight suspension as minister urges talks on fuel costs
Nigerian airlines have temporarily suspended a planned nationwide shutdown of flight operations following a government appeal for dialogue. The Airline Operators of Nigeria (AON) agreed to pause the action pending talks with the Minister of Aviation, who called for restraint.
20% DME-LPG blend can cut imports by 6.3 MT, save around Rs 34,200 cr yearly: Report
India can significantly cut LPG imports by blending 20 per cent dimethyl ether, derived from coal gasification. This move could save 6.3 million tonnes of LPG annually, translating to over USD 4 billion in foreign exchange. The Bureau of Indian Standards permits this blending. Domestic DME production is currently limited, but a clear policy can unlock investments.
India LPG consumption slides 13% amid West Asia conflict
India's LPG consumption plummeted by 13% in March due to West Asia conflict-induced supply disruptions. Despite government efforts to boost domestic production and meet household demand, commercial and bulk sales saw significant drops. However, overall LPG consumption for the fiscal year ending March 2026 still registered a 6% increase.
Bangladesh raises fuel prices as Iran war drives up costs
Bangladesh has made a tough choice to raise fuel prices by up to 15 percent, a direct response to rising crude oil costs and supply interruptions stemming from conflicts in the Middle East. This price hike affects petrol, diesel, and kerosene, reflecting the harsh realities of the global market.
The jet-fuel surge is making global flight connections disappear
Travellers face more flight cancellations as airlines grapple with sky-high jet fuel costs. Carriers globally are reducing flights and parking planes. This situation impacts summer travel plans. Some airlines are already cutting routes. Experts predict further reductions if fuel prices remain high. This presents a significant challenge for the aviation industry.
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'Want to see Strait of Hormuz opened; no privatisation, no tolls': Australian PM Anthony Albanese
In a post on X, following his participation in a virtual Leaders' Summit on the Strait of Hormuz co-hosted by French President Emmanuel Macron and UK Prime Minister Keir Starmer, Albanese said 49 countries had come together with a "consistent approach" focused on ensuring freedom of navigation.
Prolonged West Asia conflict to impact India's automobile sector, says FADA President
The Federation of Automobile Dealers Associations warns of potential challenges for India's auto sector. A prolonged conflict in West Asia could impact vehicle exports and the supply of crucial commodities like oil and aluminium. While the domestic market shows resilience, industry leaders are closely monitoring global developments.
India's LPG demand softens, bookings fall to 46-50 lakh, supply remains normal: Govt
LPG demand is expected to moderate during the summer season, with bookings already witnessing a decline, said Sujata Sharma, Joint Secretary (Marketing & Oil Refinery), Ministry of Petroleum and Natural Gas, during an inter-ministerial briefing on recent developments in West Asia on Friday.
Rupee ends stronger, trims underperformance versus Asia FX on RBI measures
The Indian rupee rose on Friday following a Reuters report of a central bank step to curb state-run oil companies' dollar demand, adding to measures that have narrowed the currency's underperformance over the last fortnight.
Delhi to Mumbai in just ₹3000: This car's AI hybrid system can make this trip cheaper with record mileage of 45km/l
Chinese automaker Geely has launched its new i-HEV Intelligent Hybrid system, claiming a Guinness World Record with fuel efficiency of just 2.22 litres per 100 km (around 45 km per litre). The AI-powered hybrid aims to challenge the long-standing dominance of Japanese brands like Toyota in the conventional hybrid segment.
Iran war pushes Asia to think twice before doubling down on LNG
A Middle East conflict has disrupted global liquefied natural gas supply. This has caused prices to surge, impacting Asian nations heavily reliant on the fuel. Plans for widespread adoption of gas are now uncertain. Countries are seeking alternatives, potentially leading to long-term shifts in energy strategies and reduced demand for LNG.
Flights cancelled, prices hiked amid fuel crisis in Australia: Everything Aussie travellers need to know
Rising jet fuel prices are disrupting Australian air travel, prompting Qantas and Virgin Australia to lift fares and cut domestic capacity. With fuel costs adding hundreds of millions to airline expenses, travellers face fewer flights, higher ticket prices, and reduced flexibility as carriers adjust networks to manage the ongoing fuel crisis.
West Asia conflict hits tourism, aviation: PHD Chamber of Commerce and Industry flags 15-20%
The ongoing conflict in West Asia is casting a long shadow over India's tourism and aviation sectors. Tourist arrivals have plummeted, prompting airlines to alter their routes, which in turn raises both fares and journey durations. The hospitality industry is feeling the strain as well, with many restaurants shutting down and significant losses reported.
West Asia conflict disrupts aviation, leads to 15–20% dip in inbound tourist traffic; Rs. 18,000 crore net loss for industry: PHDCCI report
India's vibrant tourism and hospitality sector is currently reeling from the impact of conflicts in West Asia. With inbound tourist arrivals plummeting and flight paths being heavily affected, the industry is facing unprecedented financial strain. In response, there is a call for innovative policy changes to enhance stability and broaden the range of tourism experiences.
Nigerian airlines threaten to halt flights over soaring jet fuel prices
Nigerian airlines are threatening to halt all flight operations from April 20 if jet fuel prices are not reduced. The Airline Operators of Nigeria claim prices have risen by 270% since February, far outpacing global surges and making operations unsustainable. This potential shutdown could have significant economic and social repercussions.
Indian restaurants' 'slowdown' is ringing up a ₹79,000 cr bill as Iran war chokes LPG supply
The Indian dining scene is looking at a staggering monthly loss of ₹79,000 crore as a result of a commercial LPG shortage. This hiccup is forcing all types of eateries to shut down temporarily or seek alternative cooking methods.
Let oil prices hurt: IMF cautions against govt shielding consumers
The IMF is urging governments to let fuel prices rise, warning that broad subsidies and price caps worsen global energy shocks. Allowing price signals to function encourages demand reduction, which is crucial for market stabilization. Targeted cash transfers are recommended to cushion consumers without distorting global markets.
A ₹18,000 crore blow seen for India's aviation story as West Asia conflict clips wings
India's aviation and tourism sectors are currently navigating turbulent skies due to the unrest in West Asia. Airlines are challenged with heightened expenses and prolonged flight durations, significantly impacting international travel. The inbound tourism sector is seeing a downturn as Indian travelers prefer more brief vacations abroad.
EasyJet warns Iran war to hit summer bookings, deepen first-half loss
EasyJet anticipates a larger first-half loss, citing soaring fuel costs driven by the Iran war and a slowdown in summer bookings. The airline's CEO noted a shift towards later bookings and more domestic travel. Despite fuel hedging, sustained high prices could impact fares later in the year.
Virgin Australia flags higher fuel costs amid the Mideast conflict
Virgin Australia anticipates a significant increase in fuel costs, projecting an additional A$30 million to A$40 million for the latter half of fiscal 2026 due to Middle East conflict-driven price volatility. Despite this, the airline maintains its full-year financial outlook, expecting stronger second-half earnings and improved revenue per available seat kilometre.
India's 30-year economic model is over; time to pivot from IT to manufacturing: Saurabh Mukherjea
Saurabh Mukherjea believes India's long-standing economic model is concluding. He anticipates rising inflation and a weakening rupee impacting consumer spending. Interest rate hikes are also expected, posing challenges for lenders. The focus is shifting towards manufacturing exports, benefiting from global trends. This transition presents new investment opportunities in specific export-oriented sectors.
Plants built for imported coal being tested for local blends
The trials, covering 10 units with a combined capacity of about 18,000 MW, will determine the extent to which such plants can shift to domestic supplies, people familiar with the matter said. The exercise is evaluating operational feasibility, including the impact on efficiency, combustion and equipment performance.
West Asia war may have adverse implications for auto industry: SIAM
The war in West Asia could create near-term headwinds for India’s automobile sector through rising input costs, supply chain disruptions and pressure on logistics, Society of Indian Automobile Manufacturers (SIAM) President Shailesh Chandra said on Tuesday.
Govt seizes 500 LPG cylinders as India intensifies energy security measures amid Israel-Iran war
The government is taking strong measures to address the LPG shortage and ensure fuel stability. Raids are underway to stop black-marketing, with over 2,950 conducted recently. New PNG connections are expanding, and efforts are made to increase supply of smaller cylinders. Domestic fuel prices are being managed. Repatriation of seafarers and travel for Indian nationals from West Asia are facilitated.
Fuel shock has mild impact on India's inflation, pressures may rise if West Asia conflict persists: Crisil
India's retail inflation has shown limited impact from the West Asia conflict's energy price surge, with government measures cushioning consumers. Despite rising global crude and gas prices, domestic inflation remained subdued in March, though future risks from prolonged conflict and weather conditions are noted.
India raises export duty on diesel, ATF
India has significantly increased export duties on diesel and aviation turbine fuel. This move aims to boost government revenue and ensure sufficient domestic fuel supply. The export duty on diesel now stands at ₹55.50 per litre, and on ATF at ₹42 per litre. These changes are a response to rising global crude oil prices following the Iran war.
India caps refinery margins after windfall export tax to cushion fuel losses
India has capped refinery margins to manage losses on domestic fuel sales. This follows a windfall tax on fuel exports. The move aims to balance record losses on petrol and diesel due to high international oil prices. Refineries will now effectively transfer excess earnings to state-run marketing companies. This adjustment impacts the pricing of diesel, aviation turbine fuel, and kerosene.
Diesel sales jump 8% in March amid panic buying
Fuel demand saw a surge in March. Diesel sales climbed 8% as consumers stocked up fearing shortages. Petrol demand also rose above trend. However, LPG sales dropped 13% due to supply restrictions. Aviation fuel consumption remained flat. For the full year, diesel and petrol sales grew, while LPG and ATF saw modest increases.
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