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The Latest Breaking News from Petroleum

Want Pure Petrol? Gadkari Says It Will Cost More

What if filling your vehicle with pure petrol suddenly became a premium choice? That is exactly what Union Road Transport and Highways Minister Nitin Gadkari has suggested while defending India's ethanol-blending programme. His latest remarks have reignited the debate over E20 fuel, engine safety, mileage, and consumer choice. As millions…

MyLifeXP

What You Need To Know Ahead of Marathon Petroleum’s Earnings Release

Marathon Petroleum is set to report Q2 earnings next month, with analysts expecting triple-digit EPS growth.

Barchart

IOC, BPCL, HPCL step up fuel quality checks amid social media concerns

Indian Oil, Bharat Petroleum, and Hindustan Petroleum have intensified fuel quality inspections nationwide. These companies conducted thousands of surprise checks and tests over the past week. Their quality assurance systems involve field inspections and laboratory testing. No adulteration or critical irregularities were found during these recent checks. Customers are urged…

The Economic Times

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CIC directs petroleum ministry arm to share historical petrol, ethanol, profit data

The Central Information Commission ordered the Petroleum Planning and Analysis Cell to release historical petrol production and import data. It also mandated the disclosure of ethanol procurement and blending figures, along with petroleum sector profits. The commission found that the cell had initially provided only partial information to an applicant.…

The Economic Times

India's June trade deficit jumps 59% YoY to $30.43 bn

India's merchandise trade deficit widened to $30.43 billion in June from $28.21 billion in May, even as goods exports rose 15.5% year-on-year to $40.41 billion. In the April-June quarter, overall goods exports increased about 15%, supported by higher petroleum shipments and a recovery in exports to Gulf countries.

The Economic Times

Pakistan's fuel shock ripples through every ride

Public transport fares have risen across Pakistan following a significant petroleum price increase. Transport operators cited higher fuel costs as the reason for these revised rates. Minimum stop-to-stop fares are now PKR 50, and goods transport charges have also increased. Local transport operators raised fares by PKR 20 per passenger,…

The Economic Times

Why Indian Attars Are Scientifically Better Than Synthetic Perfume in Heat and Humidity

The Problem With Alcohol-Based Perfume in Indian HeatMost synthetic perfumes sold in India use ethanol as their carrier. Ethanol evaporates fast, that's the point in a temperate climate, where the alcohol lifts the fragrance off the skin and into the air. In Indian heat, above 35°C, the evaporation happens so…

Times Life

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E20 Petrol: Why India wants ethanol blending and what are your worries? Key questions answered

The Ministry of Petroleum released FAQs to clarify the Ethanol Blended Petrol Programme. India's ethanol blending targets were met through improved governance and planning. Automakers were consulted on E20 fuel compatibility and vehicle performance. Ethanol prices are fixed to ensure fair returns to farmers. The EBP Programme has saved forex…

The Economic Times

Hardeep Puri explains why India has among world's cheapest petrol, spells out country's fuel strategy

India offers some of the world's cheapest petrol, according to the Petroleum Minister. Ethanol blending significantly contributes to these lower fuel prices for consumers. This strategy reduces dependence on volatile global crude oil prices. Farmers' ethanol, with fixed annual prices, aids in maintaining stable domestic fuel costs. The Middle East…

The Economic Times

What Age Should You Start a Skincare Routine and What Ingredients Should It Actually Include

The Teenager Who Doesn't Need a SerumThe earliest a skincare routine makes sense is around 11 to 13, when sebaceous glands become active and the skin's oil production changes. At this stage, the routine should have exactly two steps: a gentle, pH-balanced cleanser and a light, non-comedogenic moisturiser. That's it.…

Times Life

5 Signs of Vitamin Deficiency That Show Up in Your Mouth and Gums Before Anything Else

Cracked corners of the mouth (Angular Cheilitis)Those small, painful splits at the corners of your lips are called angular cheilitis, and they are one of the most reliable early signs of B2 (riboflavin), B3 (niacin), or B12 deficiency. A 2020 review published in the Journal of Nutrition found that angular…

Times Life

Occidental Petroleum Stock’s Unusual Options Activity Signals Bullish Bets Amid Oil Rally

OXY options volume surged by 5.4x the average yesterday, with a 0.07 put/call ratio signaling heavy bullishness. Six unusually active July 17 contracts suggest several options strategies are available to make money.

Barchart

Deendayal Port Authority loads 38,500 MT of Bentonite on MV BUZZARD in under 23 hours; sets record

Deendayal Port Authority achieved a significant milestone loading Bentonite cargo. The port also set a new national record for single-day cargo handling. These achievements highlight the port's operational efficiency and commitment to excellence. The port previously reported strong growth in Liquefied Petroleum Gas cargo handling. These successes reinforce Deendayal Port's…

The Economic Times

How global energy markets built the ‘Amazon of oil’ logistics to keep prices from spiraling

Nations and companies can more easily and quickly divert petroleum shipments to hot spots thanks to modern technology.

Fortune

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The Economic Times

India seeks safe Hormuz passage for nine ships as truce falters

In a strategic move, India is engaging Iran in talks to guarantee the safety of nine tankers loaded with crude oil and liquefied petroleum gas. With vigilant oversight from the government on these vessels, officials will confer with Iranian counterparts to discuss the precarious state of maritime security due to…

The Independent UK

How Russian fuel shortages are changing the nation’s vehicles

Russians are increasingly converting their vehicles to run on liquefied petroleum gas (LPG) following nationwide fuel shortages and escalating petrol prices, which have been exacerbated by Ukrainian attacks on refineries. Companies specialising in LPG conversions, such as Garant-Gas and Medvedev GBO in Moscow, are experiencing unprecedented demand, with waiting lists…

Benzinga

Exxon Mobil, Battalion Oil, Occidental Petroleum Are Trending After Hours as Hormuz Strait Disruption Reignites: XOM, BATL, OXY Spike

Renewed tension in the Middle East sends the oil stocks trending.

The Guardian - UK

Fuel on the fire: why oil companies are profiting as the world gets dangerously hot

The scientific consensus is that burning fossil fuels drives the climate crisis, yet the world’s biggest oil companies are planning to increase production

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The Economic Times

India's fuel consumption drops 3.7% in June from previous month

India's fuel consumption fell approximately 3.7% in June from the previous month. Liquefied petroleum gas consumption saw a significant year-on-year decrease of over fourteen percent. Gasoline sales were down month-on-month but showed annual growth, while diesel consumption rose annually. Naphtha sales experienced a substantial year-on-year drop, and fuel oil usage…

The Economic Times

Govt denies reports of Bhutan rejecting India's E20 fuel

India's Petroleum Ministry has debunked claims that Bhutan rejected E20 petrol imports, stating no such offer was ever made. The ministry emphasized that reports suggesting otherwise are inaccurate and urged reliance on official sources. This clarification follows allegations by Congress regarding several neighboring countries refusing India's fuel. The government also…

Benzinga

Trump Administration Ramps Up Pressure on Oil Industry As Federal Agencies Push States to Investigate Elevated Gas Prices

On Friday, the Donald Trump administration intensified its scrutiny of the petroleum industry by urging state officials to investigate whether oil companies or fuel retailers are unlawfully keeping gasoline prices elevated despite falling crude oil costs.

The Economic Times

E20 causes ‘minor’ drop in vehicle mileage, Puri says, as India gears up for E100 fuel

The Petroleum Minister acknowledged a minor drop in fuel efficiency with E20 petrol but highlighted improved acceleration and engine performance as key benefits. Despite consumer concerns about mileage and older vehicles, the government is pushing ahead with ethanol blending. India is also exploring higher blends like E25 and E85.

The Economic Times

Why petrol and diesel prices haven't fallen yet? Hardeep Singh Puri hints at rate cut after sustained low crude prices

Fuel prices might see a dip if international crude oil rates stay low for a few more weeks, according to Union Minister Hardeep Puri. Oil companies are currently using crude purchased at higher prices during the West Asia conflict, leading to past losses. However, sustained low global prices could pave…

The Economic Times

Industrial output outlook hinges on monsoon progress; coal stocks, exports may cushion weather risks: Report

Adverse weather could impact mining, but higher coal stocks and improved petroleum exports are expected to cushion the blow, supporting manufacturing and electricity generation.

The Economic Times

SC directs status quo on Karnataka HC order on ethanol allocation; Centre says 20% blending still an experiment

The Supreme Court has put a hold on a Karnataka High Court order that sought to increase ethanol allocation for 2025-26. An oil company argued this could disrupt the national policy for 20% ethanol blending in petrol. The top court issued a notice, questioning if enhancing one supplier's quota would…

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