Fuel Crisis

Two trains with petrol, diesel head to Tripura on Saturday amid fuel crisis

Two trains with petrol and diesel headed to Tripura on Saturday amid a fuel crisis due to disruption in railway freight services in Assam's Dima Hasao, an official said. Goods train services have been disrupted on the line since April 26, following the derailment of a freight train in Jatinga area of Dima Hasao. However, passenger train services remained normal. "Two trains carried petrol and diesel today. Three-four days back, we had sent another freight train with essential commodities like sugar and edible oil," North East Frontier Railway spokesperson Sabyasachi De told PTI. One of the trains has 49 wagons and is heading to Dharmanagar in Tripura, he said. The other train has 50 wagons, of which 25 were meant for Dharmanagar and 25 for Silchar in Assam, he added. De said work on the restoration of the tracks was underway. "We could send the two trains today as there was no rain for the last two-three days. The restoration work depends on how the weather is. We are trying our

Amid fuel crisis, Zomato agent rides horse to deliver food in Hyderabad

A Zomato agent in Hyderabad took the streets by storm, not on a motorbike, but on a horse, to deliver orders amid the fuel crisis

More than 40 people dead in Liberia after leaking fuel tanker explodes

A leaking fuel tanker exploded as people gathered to collect the gasoline, leaving more than 40 dead, authorities in Liberia said Thursday. The blast on Tuesday also injured at least 83 people in Totota town in the central part of the West African country, health officials said. Bong County health official Dr. Cynthia Blapook said many of the dead were buried in a mass grave on Wednesday because their remains were unrecognizable. Health authorities said an exact death toll was difficult because of how badly the bodies were burned. Liberian Vice President Jewel Howard-Taylor attended the mass funeral. We never expected to start the new year like this, Howard-Taylor said. Health officials said the number of injured could rise as they were not certain everyone had been brought for care. A doctor at one hospital treating the injured urged the Liberian government to deploy a disaster management team and to have one in each county to respond to emergencies. Dr. Minnie Sankawolo-Rocks

Spike in winter demand for diesel in Europe offers huge scope for India

State-owned refiners are in a strong position to gain from the surging demand for diesel from Europe as winter sets in and natural gas supplies from Russia are set to dwindle on fresh sanctions

World's most-crucial fuel diesel heads for shortage touching everything

Within the next few months, almost every region on the planet will face the danger of a diesel shortage

World is in its 'first truly global energy crisis': IEA chief Fatih Birol

The head of the International Energy Agency said its members have oil reserves available to conduct another round of releases if needed

FinMin opposed extension of PMGKAY a day ahead of Cabinet approval

Office memorandum flagged fiscal concerns due to impact of Ukraine war on fuel prices. With Covid-19 having largely subsided, reasons for which earlier extensions were given no more seem to hold

UK leader Truss rules out windfall tax for oil companies amid energy crisis

British Prime Minister Liz Truss on Wednesday ruled out a windfall tax on oil companies to pay for her plans to tackle the energy crisis. Speaking during her first session of prime minister's questions in the House of Commons, Truss rebuffed opposition calls for a new windfall tax, even as she refrained from explaining how she would fund a plan meant to help the public pay energy bills skyrocketing because of Russia's invasion of Ukraine. The plan is expected to be delivered on Thursday. "I am against a windfall tax," she said. "I believe it is the wrong thing to be putting companies off, investing in the United Kingdom just when we need to be growing the economy." Truss, 47, was appointed prime minister by Queen Elizabeth II on Tuesday after winning an internal election to lead the governing Conservative Party. In her first speech as prime minister on Tuesday, Truss said she would cut taxes to spur economic growth, bolster the NHS and deal hands on with the energy crisis, though s

UK PM Liz Truss inherits an economic storm, pledges to rebuild economy

Britain's new prime minister has pledged to rebuild the economy and ride out the storm gathering over the country, but Liz Truss faces a daunting job. She inherits an ailing economy on the brink of a potentially long recession, with record inflation that's forecast to worsen in coming months and millions crying out for government help to cope with soaring energy bills. Here's a look at the scale of the economic challenges that Truss faces and how she is expected to tackle them: HIGH ENERGY COSTS At the top of Truss' agenda is a cost-of-living crisis driven by spiralling natural gas and electricity costs. Starting in October, millions of households will see their average yearly energy bill jump to about 3,500 pounds (USD 4,000) almost triple what they paid a year ago. The bills are expected to continue to climb and could exceed 4,000 pounds in January. The sharp increases began last year, as economies worldwide recovered from the coronavirus pandemic and global demand for natural

NATO chief warns of civil unrest in Europe sparked by energy crisis

Stoltenberg warned that Putin could carry out further aggression against Russia's neighbours and even attack NATO allies if he is emboldened by success in Ukraine

European Commissioner for Energy to visit India from September 7-8

In her first visit to India, European Commissioner for Energy Kadri Simson will be in the country from September 7-8 to explore means to boost two-way energy cooperation. The European Union said Simson's visit to Delhi signals the grouping's strong engagement with India in the area of energy. The 27-nation EU and India have robust cooperation in the fight against climate change and biodiversity loss. Simson said as the world faces an energy crisis and climate change challenge, India, with its vast renewable resources, has a strategic role to play in the clean energy transition. The EU and India established a 'Clean Energy and Climate Partnership' in 2016 and have been working closely together on clean energy transition, speeding up the deployment of renewable energy, promoting energy efficiency, collaborating on smart grid and storage technology and modernising the electricity market. Commissioner Simson will hold bilateral meetings with relevant Indian ministers, officials of the

Macron urges French to save energy, seeks 10% drop in use amid crisis

French President Emmanuel Macron is calling for a sharp 10% reduction in the country's energy use in coming weeks and months to avoid the risk of rationing and cuts this winter, amid tensions with supplier Russia over the war in Ukraine. Macron warned Monday that forced energy savings might have to be considered in coming months if voluntary efforts aren't sufficient. He said energy rationing plans are being prepared in case' and that cuts will happen as a last resort. The best energy is that which we don't consume, the French leader said at a news conference, where he urged French businesses and households to save energy, including by turning down heating and air conditioning.

Fuel crisis prompts Bangladesh to cut govt office hours to save energy

Bangladeshi government offices will cut back office hours in a bid to save energy, as the country struggles with a fuel crisis, an official said

Poorer nations face unrest as wealthy nations snap up fuel: Report

Shops in Bangladesh are closing at 8 pm as part of energy austerity measures, while Mexico's government has bolstered subsidies to cushion residential electricity costs

Raging fire consumes four of the eight tanks at Cuba oil storage facility

The raging fire consumes critical fuel supplies on an island grappling with a growing energy crisis

Lack of fuel forces Gaza Strip's sole power plant to shut down: Officials

The sole power plant in the Gaza Strip has been knocked offline due to a lack of fuel, electricity officials said

Railways freight transport up 8% in July as it carries coal nationwide

The transporter has recorded 11 per cent increase in cumulative freight loading this financial year

Global gas crunch leaves Bangladesh facing blackouts until 2026

Bangladesh is seeking support from creditors, including the International Monetary Fund

Sri Lanka introduces fuel pass for orderly distribution: Energy minister

This will guarantee a weekly quota for each vehicle, Power and Energy minister Kanchana Wijesekara said after the initiative was launched on Saturday

Sri Lankans turn to bicycles amid fuel shortage, skyrocketing prices

The economic crisis which is the worst in Sri Lanka's history has prompted an acute shortage of essential items like fuel