INDIA PETROL BLEND POLICY
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.
Bus, milk fare hikes hit people in Karnataka ahead of Diwali season
Karnataka's Congress government has announced a bus fare hike across all four state-run transport corporations from November 5, with increases averaging 23% for KSRTC and 33-35% for BMTC. Chief Minister DK Shivakumar defended the move, citing mounting losses and operational costs, while challenging the Centre to reduce fuel prices.
Nitin Gadkari says new Toyota Innova to be launched on November 26, running cost to be just Rs 25 per liter
Union Minister Nitin Gadkari has announced that Toyota will launch a new bioethanol-powered Innova in India on November 26. The vehicle will run entirely on 100% bioethanol and generate nearly 60% of its power through electricity while driving. Gadkari claims its effective running cost could be equivalent to just Rs 25-30 per litre of petrol, potentially offering significant savings to motorists. The announcement comes as the government promotes alternative fuels to reduce India's dependence on conventional petrol and diesel.
Virat Kohli's Gurgaon House: Inside his lavish ₹80,00,00,000 bungalow in DLF Phase 1 featuring a private swimming pool, gym, spacious balconies, marble flooring and luxurious interiors
Virat Kohli celebrates his birthday on November 5th while competing in the ODI series against New Zealand. His stunning residence in Gurgaon’s DLF Phase 1 is valued at approximately 80 crores. Spanning over 10,000 square feet, this modern bungalow features luxurious interiors, a swimming pool, expansive glass windows, and beautifully landscaped outdoor areas, providing both comfort and privacy for the cricket star.
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.
Johnnie Walker launches first India-inspired Blue Label festive blend in its 200-year history
The Johnnie Walker Blue Label Festive Blend, crafted by the brand's Master Blender Dr Emma Walker, draws on the country's rich culinary heritage and flavour traditions, the company said in a statement.
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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.
Kerosene costlier than petrol: Karnataka fishermen switches fuel, but 95% of boats still out of water
Rising kerosene prices and expensive petrol alternatives are forcing traditional nadadoni fishermen along Karnataka’s coast to suspend boat operations. Fishermen in Dakshina Kannada estimate that 90% to 95% of boats have stopped operating, while operators in Uttara Kannada report a sharp decline in deep-sea fishing and are seeking government subsidies and clarity on alternative fuel arrangements.
India may reimpose broken rice export restrictions as prices cross $360 per tonne: IREF
India may reimpose restrictions on exports of 100% broken rice as international prices cross $360 per tonne and domestic demand from ethanol manufacturers and poultry-feed producers increases, the Indian Rice Exporters' Federation (IREF) has warned. No fresh curbs have been announced so far.
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.
PSU oil firms float tender to buy 150 mn litres of biodiesel at Rs 88/litre
Indian oil marketing companies are inviting bids for 150 million litres of biodiesel over a three-month period. The procurement will begin in November 2026 and aims to reduce dependence on imported crude oil. Supplies will be sourced from used cooking oil and other feedstocks, enhancing the domestic biodiesel market. Vendors must meet strict quality and delivery requirements throughout the procurement phase.
GST collections jump 22.9% to Rs 2.31 lakh crore in October as festive demand beats high inflation and interest rates
India's GST collections in October reached ₹2.31 lakh crore, reflecting a 22.9% year-on-year increase. Strong consumption trends are indicated by rising passenger car sales and record digital payments. Power consumption also surged nearly 22% compared to last year, further emphasizing economic strength. Despite a high inflation rate of 5.5%, demand has remained robust, supporting growth forecasts. Analysts suggest this growth aligns with leading indicators of a consumption-driven economy.
Diesel sales surged 11.7%, petrol 3.1% in October
Diesel sales experienced an 11.7% year-on-year increase in October due to heightened economic activity. Petrol sales, on the other hand, increased by only 3.1% during the same month. LPG sales continued to decline significantly, dropping 12.1% year-on-year as supplies tightened. Aviation turbine fuel sales decreased by 1.3%, reflecting persistent sluggishness in the aviation sector. Overall, the fuel market showed mixed trends amid changing consumption patterns in India.
IOC, BPCL, HPCL clock Rs 30,106 cr Q2 profit, nearly 39 pc of last year's annual earnings
In the third quarter, spanning July to September, India's three major state-run fuel retailers announced a combined net profit of Rs 30,106 crore, reversing a previous loss of Rs 18,150 crore. This profitability surge defied the ongoing freeze on petrol and diesel prices since May. Indian Oil Corporation achieved its highest standalone quarterly net profit, buoyed by strong refining margins, yet faces ongoing challenges related to fuel under-recoveries.
Fuel, forex and farmers: Why India is betting big on maize
A grain that once fed chickens now fuels cars and, soon, planes. The harder question is whether Indian farms can keep up with the demand it has created.
Bali's petrol queues offer a reality check for India's holidaymakers
Bali is currently facing a fuel supply crisis that is causing significant disruption for travelers. Traffic jams and fuel shortages have led to longer wait times for airport transfers and local commutes. Authorities have implemented measures to improve fuel distribution and manage demand effectively. Despite challenges, tourist arrivals remain steady, contributing to the local economy. Travelers are advised to check fuel availability before visiting popular attractions in Bali.
Government scraps export duty on petrol, raises levies on diesel and ATF
The Indian government has abolished the special additional excise duty on petrol exports as of now. Diesel export levies have been raised to Rs 11.50 per litre from Rs 8.50 per litre. The export duty on aviation turbine fuel has also increased by 50 paise per litre. These adjustments reflect ongoing pressures from international energy market disruptions linked to geopolitical events.
Tone down Russia rhetoric: Pentagon to NATO Allies
Pentagon officials have requested several NATO countries to tone down their public statements regarding Russia's threat. These requests are primarily directed towards Lithuania, Latvia, and Estonia. Concerns have arisen over comments suggesting Russia is cornered due to its stalled invasion of Ukraine. As the Trump administration seeks a negotiated end to the war, pressure is applied on Ukraine as well.
Petrol price in India cheaper than US, UAE, China, Canada: Global average petrol rate is Rs 150, diesel Rs 159, data shows
Petrol rate in India are lower than in the US, UAE, China, Canada and several other countries, according to global fuel price data. While the average global petrol price is around ₹150 per litre, India's rate is approximately ₹109. The comparison also shows huge differences across countries, with Hong Kong among the most expensive markets at over ₹421 per litre.
India's 100% ethanol-run vehicle push faces Supreme Court question to govt over fuel supply
The Supreme Court questioned the Centre over ethanol supply for 100% ethanol-run vehicles after India amended motor vehicle rules to permit E100 flex-fuel vehicles. The government acknowledged that large-scale manufacturing changes would be necessary. The court also highlighted farmers' interests while examining ethanol allocation disputes, as the Centre ruled out increasing petrol ethanol blending beyond the current 20% level.
Nitin Gadkari says no challan for speeding up to 20% over the limit: What he told officials, when challans should be issued & what motorists must know
Nitin Gadkari has said motorists should not receive speeding challans for exceeding the applicable speed limit by up to 20%, while those crossing the threshold should be penalised. He also warned contractors over poor-quality highways, defended E20 petrol blending and called for domestic manufacturing of tunnel-boring machines as India plans major investments in tunnel infrastructure.
Apache maker TVS Motor rides EV surge to record quarterly sales
TVS Motor Company achieved its highest quarterly sales in the September quarter, largely due to electric vehicle demand. The company’s electric two-wheeler sales rose by 133% to 1.86 lakh units. Overall two- and three-wheeler sales increased by 27%, totaling 1.9 million units. Revenue surged 44% to a record Rs 17,103 crore, while profit after tax grew by 52%.
E20 criticism was a ‘paid campaign’, says Nitin Gadkari amid flex-fuel push
Nitin Gadkari stated that the uproar over E20 blending in petrol was a paid campaign against it. He emphasized that many vehicles have used blends without significant issues or failures reported. The minister reviewed highway condition complaints and assured improvements in the next two years. He also noted a significant increase in the national highway network since 2014, improving connectivity.
Gadkari urges industry to manufacture tunnel boring machines in India
Nitin Gadkari urged the industry to focus on developing tunnel machinery indigenously due to recent export controls from China. The Indian government plans to invest over Rs 7 lakh crore in infrastructure projects, including highways and tunnels. Gadkari highlighted the importance of quality in highway construction and stated that poor-performing contractors would face consequences. Additionally, he mentioned ongoing efforts to improve logistics costs and connectivity through various projects.
No intention to increase ethanol blending in fuel beyond 20%: Union minister Hardeep Puri
Petroleum Minister Hardeep Singh Puri on Tuesday said the Centre has no immediate plans to increase ethanol blending in petrol beyond the current 20% level, calling misinformation about E20 fuel a “contrived narrative”.
E100 ethanol fuel allowed in India: What it is, whether you can use it in your existing petrol car & what the new rules mean
E100 ethanol fuel India: The government has amended vehicle emission rules to allow E100, a fuel containing 100% ethanol, in compatible flex-fuel vehicles alongside E85. The move supports India's push to increase ethanol use and reduce dependence on imported crude oil. However, E100 cannot be used in regular petrol cars unless they are specifically designed for the fuel, and no nationwide rollout date has been announced.
Govt should hike maize-based ethanol procurement rate by 9% to Rs 75 per litre: AIDA
The All India Distillers’ Association (AIDA) has approached the government with a request to elevate the maize-based ethanol procurement price to Rs 75 per litre. As maize prices continue to climb, AIDA expressed fears regarding the viability of grain-based distilleries and noted that current ethanol production plants are underutilized, which adversely affects profit margins.
India earns nearly 50% more from fuel exports in April-September as costlier oil and weak rupee outweigh lower volumes
India's petroleum product export earnings increased significantly in April to September, driven by high international prices. While the volume of shipments declined by 16%, earnings surged by nearly 50% in rupee terms. Diesel exports were the largest contributors to the earnings growth, accounting for 42% of the total volume. Both diesel and petrol consumption rose during this period, whereas production saw slight declines.
Nearly half of Indian two-wheeler buyers eye EVs: BCG report
Around 43 percent of two-wheeler buyers are considering electric vehicles, showing a notable increase since 2024. The outright rejection of electric options has decreased from 38 percent to 29 percent among potential buyers. Electric two-wheelers now represent 9.9 percent of overall sales, a growth from 5.5 percent in previous years. As consumer ratings improve, major concerns remain regarding longevity and rough-road capabilities of these vehicles.
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