DIESEL PUMP
NexGen Energia plans to invest Rs 15,000 cr over 10 yrs to open 5,000 green diesel, CBG pumps
NexGen Energia plans a Rs 15,000 crore investment to establish 5,000 green diesel and CBG pumps across India over the next decade. The initiative aims to reduce fuel imports by 30% and create jobs for 10 lakh people. The company also expands into electric vehicles with affordable two-wheelers and upcoming electric trucks and buses.
Petrol sales up 4%, diesel 1% in June
Fuel sales data from April to June indicates a growth in petrol and diesel consumption, with petrol sales rising by 4.2% and diesel sales by 0.7% year-on-year. The aviation turbine fuel (ATF) and liquefied petroleum gas (LPG) sales also saw increases, reflecting a positive trend in the national oil product demand.
First Budget of Modi 3.0: 8 stocks which may come into limelight during the Budget speech
Till the budget comes, many would have field day, right from opinion, desire, assessment all being packed as inside news. So, at the outset, we must clarify that this is our assessment based on an assumption that there are certain sectors which will be getting more attention in the first budget of Modi 3.0. The assumption is based on two reasons. First, the government has been focussing on these sectors for some time now and will give it further push so that end results start to get reflected on ground. Second, given the fact that it makes sense to do politically correct things when the whole world is looking at you. Why not make those announcements in the budget itself, because if not in budget these would have come in any case over the next few months. These are mid and small caps stocks which are related to the rural economy which is likely to be in focus for next couple of years as policy makers once again get ready for rural push.
PUC Pollution certificate centres in Delhi may close next month as petrol pump owners threaten shutdown
Petrol pump owners in Delhi may close Pollution Under Control (PUC) centres from July 1 due to unchanged fees since 2011, causing financial strain. The Delhi Petrol Traders’ Association (DPDA) stated that escalating costs and unmet requests for fee revisions rendered operations unsustainable. With 650 centres across Delhi, the closure could impact 80 lakh vehicles, risking increased pollution and fines for non-compliance.
Stocks of the new political order: 4 stocks from irrigation pumps and allied sector
It is not that earlier farmers were not getting money under schemes initiated by the Modi government. But the first file which was signed by PM Modi after taking over office for the third time was related to releasing money to the farmers. While there is no doubt that focus on increasing farmer income and boosting agricultural productivity has been on the priority list of the government for the last ten years. But sometimes, a change in the political equation ensures that messaging and amplification of that policy changes is done more in terms of numbers and more effectively. There is a greater likelihood that more money would be pushed toward rural India and given the past track record of it is very likely that policy measures to boost productivity in agriculture will come. Which means another round of re-rating of some stocks in the chain which works in the rural economy.
Nevermind those EVs — oil demand keeps growing
Oil demand concerns persist as Brent crude prices have been fluctuating. Gasoline consumption are rising despite push for electric vehicles.
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Tripura government imposes restriction on sale of petrol, diesel
Tripura govt restricts fuel sale due to disrupted train movement. Restored passenger service, but goods train halted in Jatinga, Assam. Fuel rationing in place with daily vehicle limits. Restoration progress ongoing in Assam's Jatinga.
Macro changes & long-term opportunities: 4 mid and small cap stocks from irrigation pumps and allied sector
While pumps and allied space might appear to be an area related only to the agriculture sector, but the fact is it is a sector which is at the intersection of agriculture, technology, and environmental management. The challenges of water scarcity, climate change, and growing global food demands. These three things are going to ensure that over the coming decades the policy makers, which in this case is the government, give direct or indirect support to this sector. Another reason why this sector will remain in the focus area, increasing farmers income has been one of the focus of the policy area of the government. Now for all those who believe that increasing farmer income can be achieved in just a few years, should remember that agriculture as an area comes with many risks, including the weather, soil of that particular area and many other factors. That is why it will happen, but over a period of time. That is why this is for long term investors.
RIL and Nayara now sell a 4th of India's bulk diesel
RIL had 14.8% share in direct or bulk sales of diesel in March, up from 13.3% a year ago and 9.3% in the corresponding month of 2021, according to industry data. Nayara Energy's share increased to 10.9% in March from 8.7% a year ago and 2.6% in 2021. Together, the two refiners had a share of 25.7% in March, up from 22% in the previous year and 11.9% in 2021.
Delhi man's viral video raises concerns over petrol pump fraud
Cases of fraud at petrol pumps, including tampering with machine settings, have sparked outrage online. A recent viral video shows a Delhi man alleging fraud at a petrol pump in Sadiq Nagar. The post, shared on X, has garnered over 550k views, leading to calls for government action. Commenters shared their own experiences and called for stricter regulations and audits in the fuel industry. Netizens expressed outrage and concern over the incidents, highlighting the need for increased scrutiny of petrol pump operations.
Boosting the harvest in Bharat: 4 stocks from irrigation pumps and allied sector
When markets are correcting, one thing that gets ignored is the macro trend. Trends which will have a long-term positive impact on the bottomline of the companies of that sector. In the last few years, both due to policy push and changes in the underlying economic nature of the business, more money is being spent on increasing agricultural productivity. While there are many parts to that increase in productivity, right from fertilizer to agricultural equipment, the other element in that chain is the irrigation system or water supply system for crops. Right from solar power water pumps to micro irrigation. This sector has a number of players who are unorganized, that is probably the reason why listed players in this space were not able to capture the whole growth which has taken place in this sector. But that does not take away the fact that this is one part of the rural economy where the spending trends are clearly rising.
Small cut in fuel price a big hit to OMC revenue: Analysts
This is the first fuel revision by the OMCs in nearly two years—the last was on April 6, 2022. Despite major volatility in global oil prices due to the Russia-Ukraine war and unrest in West Asia, India pump prices have remained steady.
Jio-BP, Nayara, Shell unable to regain pre-2022 market share
Nayara Energy leads the private players, accounting for more than half of their combined sales. Nayara also operates the largest network of petrol pumps among private retailers. It has 6,590 pumps while Jio-BP, the joint venture of Reliance Industries and BP, operates 1,700 pumps, according to the oil ministry data. Shell has just 340 fuel stations and less than 1% share in domestic sales of petrol and diesel.
Petrol sales rise 9.3%, diesel 3.1% in January
Petrol consumption rose 9.3% in January, while diesel consumption increased by 3.1%. Sales of petrol and diesel in the April-January period were up by 6.1% and 4.3% respectively. Private sector market share gains were indicated as state refiners sold 8% more petrol and 1.8% less diesel. Jet fuel sales rose 6.2% in January, and cooking gas consumption expanded by 6.9%. Petrol sales account for 15% of total refined products demand, while diesel makes up 38%.
Startup IPM to set up 100 fuel outlets; to start from Assam
The Delhi-based company has already generated a net worth of Rs 250 crore to roll out its network to sell different types of fuel in the country.
Viral Video: Zomato delivery guy takes horse ride in Hyderabad as fuel runs out at petrol pumps
Zomato viral video: In the video, the delivery agent explains to a passerby that he resorted to horseback delivery as petrol was unavailable. The horse-rider shared, "Petrol nahi mila bhai. Teen ghante line me khada raha. Zomato se nikal gaya...petrol nahi mila (There was no petrol. I waited in the queue for three hours. I left after taking the order but couldn't get the petrol)."
Truck drivers' strike hits movement of vehicles in MP; passengers stranded, fuel pumps crowded
Indore's Ahilya Chamber of Commerce and Industries president Ramesh Khandelwal said if the drivers' strike continues, the supply of essential commodities will worsen which will have a direct impact on consumers. He said the government should reconsider the provisions of strict punishment in "hit-and-run" cases.
About 2,000 petrol pumps run dry as truckers strike against new penal code
Essential supplies of vegetables, fruits and milk too may get affected if the three-day strike is extended or a pan-India movement is launched.
Truckers protest: Panic buying of petrol, diesel and LPG cylinders in Punjab
Motorists in Punjab and Haryana queued up at fuel stations amid concerns of imminent fuel shortages as truckers stayed off the roads to protest the new stringent hit-and-run law. In Haryana, private bus operators and auto-rickshaw unions joined the protest.
Truck Driver Protest: Mumbai, Nagpur witness long queues at petrol pumps amid fuel shortage
"Petrol pumps started getting dry yesterday. If we don't get the supply, most of the pumps will run out of fuel from today." Mumbai, with around 200 petrol pumps, faced disruptions as oil marketing companies' depots in Sewri were blocked by protesting drivers, impeding the movement of fuel tankers," Chetan Modi, president of the Petrol Dealers Association in Mumbai, told PTI.
Agri pump makers to see 7-9% revenue growth next fiscal, says CRISIL
The sector is dominated by conventional pumps (grid-connected and diesel pumps) which have ~90% share, with the remaining comprising solar pumps. Demand for agri pumps is largely resilient — a ‘good’ monsoon drives up farm incomes and pump purchases, buoyed by healthy kharif crops, while a ‘deficient’ monsoon necessitates the usage of pumps to irrigate rabi crops.
Agri pump makers to see revenue growth of 7-9% in FY25: CRISIL
Agricultural (agri) pump makers will see healthy revenue growth of 7-9% in fiscal 2025, supported by resilient domestic demand for conventional pumps and a surge in offtake of solar pumps, largely under the PM Kusum Scheme, according to CRISIL Ratings. This will follow a likely revenue growth of 8-10% in the current fiscal.
IOC, BPCL, HPCL in talks to raise ₹5,500 crore by securitising licence fee
The government has been pushing state-run oil companies for years to monetise their assets to raise resources that can be deployed in new projects. Three years ago, the government had drawn up a plan, which expected state oil and gas companies to transfer some of their pipelines to InvITs and sell minority stakes in those to raise Rs 17,000 crore. The plan didn't take off.
Now, 10,000 fuel pumps offer EV charging points
The government has been pushing state-run oil companies to build a reliable network of charging facilities to help EV drivers overcome range anxiety. This is crucial for faster adoption of electric mobility in the country and bolster the government's aim to cut costly fuel imports besides reducing rampant pollution.
ONGC plans to invest Rs 1 lakh cr to set up 2 petrochemical plants
India's top oil and gas producer, ONGC, plans to invest approximately Rs 1 lakh crore in establishing two petrochemical plants to directly convert crude oil into high-value chemical products. This initiative aligns with the global shift away from fossil fuels, with ONGC targeting the production of chemicals that are crucial for manufacturing detergents, fibers, plastics, and pharmaceuticals.
Fuel pumps in Rajasthan on indefinite strike
On Wednesday, the pump dealers went on a two-day symbolic strike (Wednesday and Thursday) from 10 am to 6 pm demanding equalisation of VAT rate on petrol and diesel, similar to Punjab. Late last night, pump dealers decided to go on indefinite strike. However, oil company-operated pumps are open for fuel dispensing.
Two-day strike in Rajasthan, all petrol pumps to stay closed
A petrol pump operator, Rakesh Bhandari, while talking to ANI, said the strike is being held to appeal to the CM of the state to reduce diesel prices as they are higher compared to other states. "There is a two-day strike from 10:00 to 18:00 and we are appealing to the CM to reduce the price of diesel as the VAT in other states is less and the price of diesel over here is higher so the price should be reduced to ensure uniformity in the sale," he said.
Petrol consumption grows at 3.4 per cent year-on-year: Report
Petrol sales continued their growth on new vehicle sales, holiday travel as well as the summer season, which increases air conditioning needs in cars, industry executives said. Diesel sales slowed probably due to the arrival of monsoon. Rain reduces operations of irrigation pumps. It also brings down temperature, reducing energy demand.
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