Topic
diesel
Trade Government hikes export duties on diesel and Aviation Turbine Fuel
The Indian government has increased Special Additional Excise Duty (SAED) on diesel and Aviation Turbine Fuel (ATF) exports in its latest fortnightly review, effective June 16, 2026. The export duty on diesel rose to ₹14 per litre from ₹13.05, and ATF to ₹12.05 per litre from ₹9.05. Petrol export duty remains unchanged at ₹1.05 per litre. The move aims to prioritise domestic availability amid the West Asia crisis.
Trade India hikes windfall tax on diesel and ATF exports, petrol levy unchanged
India hiked the windfall gains tax on exports of diesel and aviation turbine fuel (ATF) effective June 16, while keeping the levy on petrol unchanged. The special additional excise duty on diesel was raised to Rs 14 per litre and on ATF to Rs 12.5 per litre. The tax is revised fortnightly and aims to ensure domestic fuel availability amid West Asia tensions.
Commodities Govt Says All Refineries Operating at High Capacity with Adequate Crude Inventories and Sufficient Stocks of Petrol, Diesel
The Indian government announced that all refineries are operating at high capacity with adequate crude inventories and sufficient stocks of petrol and diesel. Joint Secretary Sujata Sharma detailed LPG delivery figures, restrictions on bulk purchases of petrol and diesel, and fertilizer stock positions. Additionally, an LNG carrier safely transited the Strait of Hormuz.
Commodities India caps diesel sales after bulk users divert 3.5 lakh tonnes to retail outlets
The Indian government capped diesel sales at retail outlets after bulk industrial and commercial users diverted 3.50 lakh tonnes to retail stations in May 2026, driven by a ₹40-42 per litre price gap. The Oil Ministry limited sales to 200 litres per person per day and reported 1,330 FIRs filed since March in LPG cases. The diversion affected 80 districts with over 30% sales shift.
Commodities India Bars Industrial Users from Buying Petrol, Diesel at Retail Pumps, Mandates Bulk Purchase
India's Ministry of Petroleum and Natural Gas issued an order barring industrial, commercial, and institutional users from purchasing petrol and diesel at retail fuel outlets, requiring them to switch to bulk sellers. The move addresses abnormal demand driven by a price gap between retail (Rs 95.20/litre for diesel in Delhi) and bulk prices (Rs 134.50/litre). Retail diesel purchases are capped at 200 litres per day. The order, effective for 90 days, aims to prevent localised shortages amid geopolitical supply disruptions.
Trade UK vows to phase out Russian diesel and jet fuel imports by new year
The UK government has committed to banning imports of diesel and jet fuel made from Russian oil by 1 January 2027, as part of its sanctions package following the war with Ukraine. The temporary licence for such imports will be reviewed every two weeks and could be revoked earlier. The move has drawn criticism from the EU and campaigners.
India restricts diesel and petrol sales at retail pumps for bulk users
India has restricted institutional and commercial customers from buying motor spirit and high-speed diesel at retail outlets, directing them to source from their own consumer pumps. The order also caps retail high-speed diesel sales at 200 litres per day per customer for up to 90 days.
Logistics Diesel Prices Drop as Spot Demand Rises Amid Contract Failures
The average diesel price has dropped to $5.21 per gallon, marking a significant decrease. Meanwhile, RXO reports a rise in spot demand as contract routing guides fail, highlighting stress in traditional freight networks.
Commodities Diesel Prices Decline Amid Inventory Concerns
Diesel prices continue to decline, with the DOE/EIA reporting a drop to $5.21/gallon. Concerns about low inventory levels and potential export bans are influencing market dynamics.
Commodities Diesel Prices Plunge Amid Geopolitical Uncertainty
Diesel prices have seen a significant drop, with the CME ULSD July contract falling to $3.4886/g. This decline is driven by geopolitical developments and potential peace talks affecting the Strait of Hormuz.
Commodities Crude Oil Price Surge: Impact on Inflation and Transport Costs
Crude oil prices on the NYMEX have surged to $112 per barrel, impacting inflation and transport costs. Crisil warns of potential increases in CPI inflation by up to 48 basis points.
Logistics Transporters Urge Fuel Price Cut Amid Crude Oil Drop
The All India Motor & Goods Transport Association (AIMGTA) has called on the Indian government to reduce petrol and diesel prices following a drop in crude oil prices to $90 per barrel. This move aims to alleviate pressure on transport operators and reduce logistics costs.
Commodities Diesel Prices Slide Amid Hormuz Strait Peace Talks
Diesel prices on the CME have dropped significantly amid potential peace talks involving the U.S., Iran, and Israel, which could lead to the reopening of the Strait of Hormuz. This decline marks the sixth drop in seven weeks.