Vehicle owners can now drive into a fuel pump, fill up and drive out with the payment being debited from their account seamlessly.
Fuel efficiency norms to be tightened as govt seeks to push automakers to make more electric vehicles
The government is set to tighten fuel efficiency norms for vehicles to push automobile manufacturers to expedite the conversion of conventional internal combustion engines (IECs) to electric vehicles (EVs). Sources said producing a certain share – about 4-6% – of their vehicles on electric mode will help them meet the tighter CO2 emission norms.
OPEC is considering whether or not to raise its oil production to prevent the global market from becoming too squeezed, but there is one part of the world that is telling a very different story about the balance between supply and demand.
Retail inflation jumped to 4-month high of 4.87 per cent in May on costlier food items such as fruits, vegetables and cereals coupled with high fuel rates.
The inclusion of petroleum products under the Goods and Services Tax (GST) will not prevent price fluctuations as India is a massive importer of crude and domestic prices will reflect global price movements, said Sanjeev Sanyal (in pic), principal economic advisor in the finance ministry.
NTPC Ltd’s double-digit growth in revenue and profit for the March quarter (Q4) may have been impressive but investors were not enthused. Its shares gained after the Q4 results announcement on Monday but declined on Tuesday.
As Brent crude hovered around $80/barrel, causing domestic auto fuel prices to scale new highs, Petroleum Minister Dharmendra Pradhan on Tuesday reiterated that the government was looking at ways to keep rising petrol and diesel prices in check.
Demand for natural gas will top other fossil fuels in the long term on the back of rising number of electric vehicles and as new emission standards could see new vessels adopting alternative fuels, according to Goldman Sachs.
It was a blacker than usual black Monday for citizens of the state as they were handed a financial double whammy — an increase in prices of petrol and diesel and a hike in electricity bills.
Inflation based on wholesale prices shot up to 3.18 per cent in April on increasing prices of petrol and diesel as well as fruits and vegetables.