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    E20 FUEL INTRODUCTION

    Indian car buyers trade up selectively as CNG, EVs gain ground over fuel; SUV growth reshapes price ladder

    Indian passenger vehicle sales have shown a pronounced shift towards higher price bands and alternative fuel options. The ₹12 lakh-20 lakh segment grew significantly, while lower segments experienced a slight decline. Petrol vehicle registrations decreased, with CNG and electric vehicles gaining market share. Compact SUVs have become increasingly popular, reflecting changes in consumer preferences and technology advancements.

    Star Air cuts weekly flights on high fuel costs, says airline official

    Star Air has reduced its weekly flights by 15-20%, largely due to soaring Aviation Turbine Fuel prices. The airline is calling for a special fuel pricing strategy to support regional operators. This change is in response to increasing operational expenses caused by volatile fuel costs amid geopolitical tensions. Although the government had previously set up a Price Stabilisation Fund for airlines, it has since expired.

    Drought threatens India's 20% ethanol blending target as food takes priority

    India faces a significant challenge in its ethanol production due to the lowest monsoon rainfall experienced in over a decade. This situation has prompted New Delhi to prioritize food security over its ethanol blending targets. Estimates suggest that the ethanol blending ratio may decrease this supply year from 20% to around 15%. Producers are being squeezed by increased corn prices and reduced purchasing prices for ethanol.

    Rising crude prices could push India's inflation by upto 1 percentage point, diversified imports helping secure oil supplies: EY's Gaurav Moda

    Gaurav Moda, Partner and Energy Industry Leader at EY India said the increase in crude oil prices from an average of $60-65 per barrel to $90-95 has significantly raised India's energy import costs, even as the country continues to prioritise securing supplies amid geopolitical uncertainties.

    Rs 600 for 1,000 km journey: Nitin Gadkari proposes Rs 3 per unit for EV charging at night and Rs 5 during the day to boost electric vehicle adoption

    Union Minister Nitin Gadkari has suggested Maharashtra Chief Minister to charge Rs 3 per unit for electric vehicle (EV) charging at night and Rs 5 during the day to encourage EV adoption. At the proposed night-time rate, an electric car delivering 5 km per unit could travel 1,000 km for just Rs 600. Gadkari said cheaper night-time electricity could make EVs more attractive to buyers.

    IndiGo to consider hedging fuel as it ventures on long haul routes

    IndiGo is evaluating the possibility of hedging fuel costs as it plans for long-haul international operations. The airline's planned introduction of the Airbus A350 aircraft will enhance its overseas expansion strategy. Despite previously avoiding fuel hedging, management is now reassessing this approach in light of market competition. IndiGo's dominant position in the domestic aviation market facilitates its long-term growth aspirations.

    The Economic Times
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