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EetRetail Aims High

EET Retail will have a pan-UK presence and grow its network of outlets across all regions and markets, including identifying opportunities for potential acquisitions to accelerate its growth…reports Asian Lite News

EET Retail, the retail division of EET Fuels, is pleased to announce the appointment of Narayan Bhatra as Chief Executive Officer.

Narayan was previously Chief Retail Officer at Nayara Energy, India’s second-largest oil and gas company and that country’s fastest-growing private fuel station network.

He has over three decades of experience in the energy sector including management roles with Essar and Reliance Industries across India and Africa.

EET Retail has plans to develop a significant portfolio of Essar-branded fuel retail outlets within three years as part of its vision to become the UK’s “retailer of choice to consumers.”

EET Retail will have a pan-UK presence and grow its network of outlets across all regions and markets, including identifying opportunities for potential acquisitions to accelerate its growth.

In the age of new mobility, EET Retail’s long-term strategy includes offering a range of low-carbon, high-quality fuels including serving the needs of drivers preferring e-mobility. These fuels will be offered in an environment that has a tailored selection of customer offerings, including non-fuel options.

Narayan Bhatra commented: “I am excited to be joining EET Retail now. It has a clear and very ambitious vision for growth, as well as the potential to create a truly market-leading proposition for low carbon high quality fuels, given EET Fuels’ huge investment in its decarbonisation plans at Stanlow, as well as building a world-leading hydrogen production facility.”

Deepak Maheshwari, CEO of EETFuels, said: “We are embarking on this exciting journey of growth and innovation in the retail sector in the UK and are confident in Narayan’s leadership. EET Retail plans to deliver best-in-class fuel outlets, creating a network of partnerships that are focused on Essar’s customer-first belief. Narayan’s appointment marks a significant milestone for EET, and we are excited about the opportunities ahead under his leadership.”

EET Fuels forms part of EET which is committed to playing a key role in the decarbonisation of the UK economy, and has ambitious plans to build an energy transition park at its site in the North West and to become the UK’s first low-carbon process refinery. This aligns with the UK Government’s Ten Point Plan on the Green Industrial Revolution and with its British Energy Security Strategy. Tony Fountain, Managing Director of EET, said: “EET Fuels is a key part of Essar Energy Transition and we are committed to maintaining a strong, secure manufacturing base for fuels in the North West and across the UK. Our approach provides our customers with the assurance of working with a partner that is committed to decarbonising our production processes, playing our part to ensure that the UK delivers on its climate change goals and enhancing energy security. I look forward to working with Narayan to share this industry-leading commitment with our retail customers.”

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-Top News Arab News UAE News

Iraq donates 10 million liters of fuel to Gaza Strip

Rasoul said the Iraqi government had coordinated with the Egyptian authorities about the shipment sent to the Palestinians stranded in Gaza…reports Asian Lite News

Iraq has donated 10 million litre of fuel to the Gaza Strip, the media reported.

“A ship carrying 10 million litre of gas oil has sailed through the international water toward the Suez Canal,” Iraqi military spokesman Yahya Rasoul was quoted by the media as saying on Thursday.

Rasoul said the Iraqi government had coordinated with the Egyptian authorities about the shipment sent to the Palestinians stranded in Gaza, Xinhua news agency reported.

Israel has been launching relentless airstrikes and a ground offensive in Gaza to retaliate against a surprise attack staged by Palestinian resistance movement Hamas on southern Israel on October 7, when about 1,200 people were killed and more than 200 others were taken hostage.

Israel’s attacks, which have killed more than 20,000 people in Gaza, and its blockade have led to a catastrophic humanitarian situation caused by severe shortages of fuel and medicine in the besieged enclave.

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-Top News Arab News

Fuel Shortage Threatens Gaza Hospital Operations

The joint statement came a day after the UNRWA and WHO delivered medical supplies and medicines to the Al-Shifa Hospital…reports Asian Lite News

In a joint statement, the UN Relief Works Agency (UNRWA) and World Health Organization (WHO) said conditions at the Al-Shifa Hospital — the largest in the Gaza Strip and one of the oldest Palestinian health institutions — were “disastrous” amid the raging Israel-Hamas war.

The statement issued on Wednesday said there were currently almost two patients for every bed available and emergency department and wards were overflowing requiring doctors and medical workers to treat wounded and sick patients in the corridors, floor and outdoors.

“The number of wounded increases by the hour while patients are undergoing immense and unnecessary pain as medicines and anesthetics are running out. In addition, tens of thousands of displaced people have sought shelter in the hospital’s parking lots and yards,” it said.

The statement went on to say that for over a month, no fuel has been allowed into the Gaza Strip, including to the Al-Shifa Hospital.

The two UN bodies also renewed “their urgent call for the delivery of fuel to humanitarian agencies in the Gaza Strip”.

“Without fuel, hospitals and other essential facilities like desalination plants and bakeries cannot operate, and more people will most certainly die as a result,” the joint statement added.

As a result of the fuel shortage, the Al Quds hospital in Gaza City shut down key services on Thursday, while the Al Awda hospital, the only provider of maternity services in northern Gaza, warned about an imminent closure. 

The joint statement came a day after the UNRWA and WHO delivered medical supplies and medicines to the Al-Shifa Hospital.  

This was only the second delivery of lifesaving supplies to the hospital since the escalation of hostilities and the total siege of Gaza began.  

Meanwhile, the Israel Defense Forces and the government have alleged that the Al-Shifa Hospital was doubling up as the command centre for Hamas and several underground tunnels were operating under the facility.

Last week, Israel had claimed responsibility for an attack outside the hospital, saying that a fighter jet struck an ambulance used by Hamas militants.

As of Thursday morning, the death toll in Gaza since the war broke out stood at 10,569, of whom 67 per cent are said to be children and women.

About 2,450 others, including 1,350 children, have been reported missing and may be trapped or dead under the rubble. 

The fatalities also include at least 192 medical staff, of which 16 were on duty when killed, according to WHO.

A total of 92 UNRWA staff and 18 Palestinian Civil Defense personnel have also lost their lives in the raging conflict. 

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Sri Lanka

Over 5.5 mn vehicles registered with Lanka’s fuel quota system

An emergency programme is being set up to help 3.4 million people in Sri Lanka who are most at risk of food insecurity and malnutrition, it added…reports Asian Lite News

Over 5.5 million vehicles have been registered with Sri Lanka’s national fuel pass or QR code system, Minister of Power and Energy Kanchana Wijesekera said on Monday.

A total of 1,246 gas stations in the country now follow the QR code system and 4.3 million transactions have been completed, Xinhua news agency quoted Wijesekera as saying.

He said buses engaged in public transport can get extra fuel apart from the standard quota from 107 state-owned bus depots.

Sri Lankan pumps started accepting he national fuel pass or QR code system from August 1 as the country is facing a severe fuel shortage amid the worst-ever economic crisis.

The South Asia nation appointed a committee last week to select suitable companies to import, distribute and sell petroleum products in the country.

Food crisis

 The UN World Food Programme (WFP) is concerned about the impact of the ongoing economic crisis in Sri Lanka on food supplies for the country’s poorest.

Nearly 6.3 million people, or three in 10 households, are at risk of food insecurity and need assistance, the WFP said in a statement of thanks for an aid contribution from Norway of the equivalent of about $500,000.

Recent WFP surveys show that 61 per cent of families are either eating less, or eating less nutritious food, or even skipping meals altogether, due to the acute emergency, reports dpa news agency.

An emergency programme is being set up to help 3.4 million people in Sri Lanka who are most at risk of food insecurity and malnutrition, it added.

The island nation, with a population of about 22 million, is in the midst of its worst economic crisis since it gained independence in 1948.

Most recently, the country, which is $51 billion in foreign debt, lacked the money to import essential goods such as fuel, medicines and gas for cooking.

Food prices have risen sharply and inflation is already over 60 per cent, according to official figures.

“We are deeply concerned about the impact of the current economic and political crisis on the people of Sri Lanka,” Norwegian Ambassador Trine Joranli Eskedal was quoted as saying.

Food shortages and rising prices have had a particularly negative impact on women and children in the island nation.

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-Top News UK News

UK warns fuel suppliers over Russia links

As per the report, the UK Defence purchases fuel from a range of suppliers, including jet fuel from Motor Oil Hellas. It had signed a new £10m contract in May this year for fuel supply to Cyprus…reports Asian Lite News

Amid the ongoing war and the EU’s plan to minimise dependency on Russian energy sources, UK Defence chiefs have warned fuel suppliers of cut off their contracts if they were caught importing fuel from Russia.

According to a report by The Telegraph, the statement from the Defence chiefs came after the issue of British military supply chains was raised.

Citing the Ministry of Defence (MoD), the Telegraph reported the officials warned taking “immediate action” if they (oil suppliers) were found diverting Russian oil to the UK. It warned to switch suppliers if they were found to be using Russian products in the supplies provided to British defence.

As per the report, the UK Defence purchases fuel from a range of suppliers, including jet fuel from Motor Oil Hellas. It had signed a new £10m contract in May this year for fuel supply to Cyprus.

In November 2017, it signed another “indirect” contract for five years with Rosneft – a Russian integrated energy company. It is to be mentioned here the original contract was signed between UK Defence Ministry and Motor Oil, however, reports suggest the company has been using Rosneft for the supply of fuels to UK MoD.

Though the United Kingdom has not banned Russian oil, UK’s Business Secretary Kwasi Kwarteng, in a statement released on March 8, said that the country will phase out imports of Russian oil by the end of the year in response to Vladimir Putin’s invasion of Ukraine.

He said that the phasing out of imports will not be immediate but would instead allow the UK more than enough time to adjust supply chains, supporting industry and consumers.

“The government will work with companies through a new Taskforce on Oil to support them to make use of this period in finding alternative supplies, he said.

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-Top News Sri Lanka

With no fuel, SL declares holiday for schools

With the ongoing fuel crisis, the Indian Ocean island nation has come to a standstill with handful of vehicles on roads and many people opting to use bicycles as mode of transportation…reports Susitha Fernando

With no fuel for transportation, Sri Lanka on Sunday declared a week-long holiday for schools from Monday.

The Education Ministry decided that all government and government-approved private schools would be given holidays from July 4 to 8.

The decision to close schools was reached after a discussion among Ministry officials, Provincial Education Secretaries, and other officials, and after considering the poor attendance of school principals, teachers and students over the last two weeks, mainly due to lack of transport with non-availability of fuel for public transport and personal vehicles.

Sending home people who were queued up for days and weeks on last Monday (June
27), the government-run Ceylon Petroleum Corporation (CPC) stopped issuing fuel to any vehicle other than those involved in essential services like health, public transportation, law and order, food distribution and etc.

People were asked to work from home and urban schools were closed while others requested to teach online. All private vehicles had to depend on Indian Oil Company-run fuel stations around the country which issued limited fuel to different vehicles.

With the ongoing fuel crisis, the Indian Ocean island nation has come to a standstill with handful of vehicles on roads and many people opting to use bicycles as mode of transportation.

For fuel, Sri Lanka had been mainly depending on line of credit issued by India under its $3.5 billion financial assistance given from January this year and the supply ended with the final shipment of 40,000 metric tonnes of diesel received on June 16.

As Sri Lanka faced its worst-ever economic crisis, the United Nations World Food Programme had declared food inflation in Colombo at record high of 57.4 percent in May and around five million people, or 22 per cent of the population, are food insecure and in need of assistance.

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-Top News London News

COST OF FILLING CROSSES 3100

fuel prices

Rising petrol prices are putting pressure on household budgets, with energy bills and food prices also now at multi-year highs…reports Asian Lite News

Britain’s leading motoring forums urged the government to step into control the rising fuel prices.

The RAC motoring group called it “a truly dark day” as the cost of filling a 55-litre tank reached £100.27 for petrol and £103.43 for diesel. The RAC and its rival the AA urged the chancellor to cut VAT on fuel or to reduce fuel duty further.

Rising petrol prices are putting pressure on household budgets, with energy bills and food prices also now at multi-year highs, BBC reported.

Pump prices began to soar after Russia’s invasion of Ukraine in February led to oil supply fears. However, there are concerns that petrol retailers are not passing on a recent 5p cut in fuel duty to consumers.

According to the RAC, the average pump price of a litre of unleaded petrol is now 182.31p while for diesel it is 188.05p. However, the motoring group has warned this could rise to over £2 a litre soon. The Treasury said it had provided £37bn to ease the cost of living already.

TIPS TO BEAT THE FUEL PRICE HIKES

As households across the UK brace themselves for the impact of the cost-of-living crisis, CarStore’s Personal Advisors offer some tips to follow in order to improve fuel economy.

Mark Akbar, Managing Director at CarStore, said: “There are many different techniques and habits you can incorporate into everyday driving that will have a positive impact on your vehicle’s fuel economy. Try following even just a few of CarStore’s tips and tricks below and you may be pleasantly surprised just how much difference a change in driving style and habits can make to the miles per gallon you’ll achieve.”

Check your tyres & Tyre Pressures

One of the biggest factors in terms of fuel economy is the performance of your tyres – they are, after all, the only thing that connects your vehicle to the road. Having your vehicle’s tyres inflated to the correct pressures has a significant impact on your vehicle’s fuel economy. Under-inflated tyres can have a detrimental effect on your mpg by as much as -2.5%.

Always anticipate

Simply anticipating what is likely to happen in front of you when driving will greatly improve your efficiency as well as reduce wear and tear on your car’s brakes.  While maintaining your focus on the vehicle directly in front of you, take the time to look further ahead to see what’s going on. If there’s a red light, try to lift off the accelerator  a little earlier than you might normally, without taking it to extremes of course. If the lights change, you’ll still be rolling and you’ll spend less time getting up to speed, using less fuel in the process. Simply put, the less time you spend with your foot on the accelerator, the less fuel you will use.

Accelerate and Decelerate Smoothly

When the lights turn green, don’t stamp on the accelerator and get up to speed as fast as physically possible. Accelerate briskly but smoothly, reaching the desired speed in a reasonable time frame so as not to frustrate your fellow road users behind you. Don’t wait until the last minute to come to a standstill either, lift off the gas nice and early and brake gently until you come to a stop.

Remove Excess Weight

The heavier your car is, the more fuel it will use trying to get from A to B, so anything you can do to make it lighter will save you money. Roof boxes and bike racks are the main culprits, but simply having a good clear out of what’s in the backseat and the boot can have a positive impact as well.

Check Your Speed & Use Cruise Control

Always being mindful of the speed you’re travelling at is good, safe practice anyway, but it can help in terms of fuel economy too. Motorists should adhere to speed limits at all times so as they aren’t breaking the law, but saving money is another solid reason to do so. For instance, travelling above the national speed limit at 80mph instead of 70mph will use an extra 10% of fuel, as well as cost you extra money in speeding fines too. Cruise control only helps the situation too. Slowing down and speeding up increases fuel usage in a big way, so letting the car maintain the exact cruising speed for you whenever possible is simply the most efficient way to get around.

Use Your Gears Properly

It’s not part of the driving test to learn how to use your gears efficiently, you simply have to be able to use them to get the car to move at various speeds. However, to make the most out of every drop of fuel and maintain maximum efficiency, it’s vital that you’re always using the right gear at the right time. Be careful not to over-rev the engine, as this will use more fuel, and make sure you don’t labour the engine by being in a gear that’s too low for the speed and terrain. Generally, petrol cars are at their most economical between 1500 and 2500 rpm, so you should aim to change up to the next gear whenever you exceed the higher end of that band. For diesels, it’s between 1300 and 2000 rpm.

Service & Maintain Your Car

Ensuring that your vehicle is in tip-top mechanical shape is vital when making sure that fuel economy is as good as it can be. A car that has its engine serviced regularly and in line with service schedules using the correct parts, fluids and lubricants will work better and be more efficient than one that isn’t. It’ll be more reliable too. Wheel alignment (also known as tracking) can also have a negative effect on fuel economy too, and it can be knocked out by something as simple as a pot hole in the road, so make sure you get it checked regularly.

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-Top News India News

Centre govt reduces excise duty on fuel

The government is committed to ensuring that prices of essential items are kept under control, she said…reports Asian Lite News

Amidst rising energy prices and inflation, the Central excise duty on petrol has been cut by Rs 8 per litre and on diesel by Rs 6 per litre, reducing the price of petrol by Rs 9.5 per litre and of diesel by Rs 7 per litre, Union Finance Minister Nirmala Sitharaman said.

“Today, the world is passing through difficult times. Even as the world is recovering from Covid-19 pandemic, the Ukraine conflict has brought in supply chain problems and shortages of various goods. This is resulting in inflation & economic distress in a lot of countries,” she said in a series of tweets.

The duty cut will have revenue implication of around Rs 1 lakh crore per year for the government.

Sitharaman went on say that despite the challenging international situation, the government has ensured that there are no shortages or scarcity of essential goods. Even a few developed countries couldn’t escape some shortages or disruptions, she added.

The government is committed to ensuring that prices of essential items are kept under control, she said.

She said: “I wish to exhort all state governments, especially the states where reduction wasn’t done during the last round (November 2021), to also implement a similar cut and give relief to the common man.”

In yet another major move, the government has decided that this year it will give a subsidy of Rs 200 per gas cylinder (upto 12 cylinders) to over 9 crore beneficiaries of Pradhan Mantri Ujjwala Yojana.

“This will help our mothers and sisters. This will have a revenue implication of around Rs 6,100 crore a year.”

Further, it is also reducing the customs duty on raw materials and intermediaries for plastic products where the country’s import dependence is high. It will result in reduction of cost of final products.

A notification with specific details on all these mention moves will be issued by the Centre within the next hours.

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Africa News News

Fuel ship sinks off Gabes coast in Tunisia

Fuel ship sinks off Gabes coast in Tunisia

A merchant ship carrying about 750 tons of fuel sank off the Gabes coast in Tunisia, the Tunisian authorities have said…reports Asian Lite News

The Tunisian navy rescued all seven crew members of the Equatorial Guinea-flagged vessel, the Ministry of Environment and Sustainable Development said on Saturday in a statement.

The Ministry added that it is working on preventing an environmental disaster from the incident, Xinhua news agency reported.

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The ship sailing from the Egyptian port of Damietta failed to reach its final destination of Malta due to bad weather conditions and the agitation of the sea, said the Ministry.

The crew sent a distress call seven miles away from the Gabes coast, saying the water seeped into the engine room to a height of two metres.

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Arab News News

Iran’s IRGC seized ship smuggling 250k L of fuel

Iran’s IRGC seized ship smuggling 250k L of fuel

Iran’s Islamic Revolution Guards Corps (IRGC) Navy has announced it has seized a vessel in the Gulf waters carrying 250,000 litres of smuggled fuel, the second such seizure during the past days, according to the semi-official Tasnim news agency…reports Asian Lite News

The ship’s seven crew members have been detained and are undergoing legal interrogation procedures, said Gholam Hossein Hosseini, Head of the Public Relations Department of the IRGC’s second naval zone.

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Hosseini noted that fighting smuggling, particularly that of fuel, is among the main missions of the IRGC Navy and has been placed on the force’s agenda, Xinhua news agency reported.

The IRGC Navy had also seized a foreign tanker carrying 220,000 litres of smuggled fuel in the Gulf and arrested its 11 crew members, the official news agency IRNA reported last week.