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Tag: Petrol

Petrol and diesel car sales ban brought forward to 2035

Petrol and diesel car sales ban brought forward to 2035

Science
Media playback is unsupported on your device A ban on selling new petrol, diesel or hybrid cars in the UK will be brought forward from 2040 to 2035 at the latest, under government plans.The change comes after experts said 2040 would be too late if the UK wants to achieve its target of emitting virtually zero carbon by 2050.Boris Johnson unveiled the policy as part of a launch event for a United Nations climate summit in November.He said 2020 would be a "defining year of climate action" for the planet.The summit, known as COP26, is being hosted in Glasgow. It is an annual UN-led gathering set up to assess progress on tackling climate change.Sir David Attenborough said at the launch event at London's Science Museum that he was looking forward to...
As India switches to BS-VI, sub Rs 10 lakh petrol cars may gain

As India switches to BS-VI, sub Rs 10 lakh petrol cars may gain

Finance
Mumbai: Petrol-run vehicles priced below Rs 10 lakh are likely to be the initial gainers when India transitions to Bharat Stage-VI emission standards in April, according to industry executives and experts. Factors that are expected to work against diesel vehicles include price hikes that would likely be sharper than on petrol-run models and continuing uncertainty over the availability of BS-VI compliant fuel across the country. Companies that focus on large diesel-powered utility vehicles could therefore take a bigger hit, at least initially, than those that specialise in petrol. Introduction of BS-VI would impact the sub Rs 10 lakh and the Rs 10 lakh-plus price bands differently, said Vinay Raghunath, partner and leader, automotive, EY. “In the first category, OEMs have already announced
SUV buyers favour petrol models as BS-VI nears

SUV buyers favour petrol models as BS-VI nears

Finance
New Delhi: Petrol is fast emerging as the fuel of choice for SUV buyers in India, marking a shift in consumer preference in a segment where diesel has traditionally ruled the roads. As much as 35 per cent of all utility vehicles sold in the local market in September 2019 run on petrol, as against a modest 17 per cent just a year back. With the price differential between petrol and diesel vehicles set to widen with the transition to BS-VI standards, the trend will accelerate in the coming months, said industry veterans. Petrol will dominate sales of small and midsize SUVs after BS-VI kicks in, said Shashank Srivastava, executive director (marketing and sales) at Maruti Suzuki, adding, it is only in large sports utility vehicles that diesel options will remain relevant. In Maruti Suzuki’s Er
Iran petrol price hike: Protests erupt over surprise rationing

Iran petrol price hike: Protests erupt over surprise rationing

World
Media playback is unsupported on your device Protests have erupted across Iran after the government unexpectedly announced it was rationing petrol and increasing its price. At least two people have been killed. Prices rose by at least 50% on Friday as subsidies on petrol were reduced.The authorities say they want to free up money to help the poor. Iran is already suffering economically due to stiff sanctions imposed by the US after Washington decided to pull out of the 2015 Iran nuclear deal. How renewed US sanctions have hit Iran hardIran's network of influence in Mid-East 'growing'One person was killed during protests in the central city of Sirjan. State news agency Irna said there were clashes with police when protesters attacked a fuel st...
Petrol, diesel prices see steepest hike since July 5

Petrol, diesel prices see steepest hike since July 5

Finance
Petrol and diesel prices were on Wednesday hiked by 24-25 paise per litre, the steepest increase since July 5 Union Budget, as a fallout of turmoil in global oil markets following drone attacks on Saudi Arabian crude oil facilities. Petrol price was increased by 25 paise per litre to Rs 72.42 and diesel by 24 paise to Rs 65.82 in the Delhi market, which is sort of a national benchmark, according to price information available from state-owned fuel retailers. This is the biggest single-day hike since the July 5 Budget of Finance Minister Nirmala Sitharaman that raised rates by almost Rs 2.50 a litre due to an increase in excise duty on the fuels. The hike on Wednesday followed a 14 paise a litre increase in price of petrol on Tuesday and 15 paise per litre rise in diesel rate. Following the...