Page 3- Latest Lubricant News

India is reviewing higher ethanol blending options as policymakers look for ways to strengthen fuel security and reduce import dependence.

Rising crude prices are lifting upstream profits, but OMCs are seeing refining and marketing margins compress, reshaping Q1 2026 earnings trajectories.

Global oil prices tumbled sharply, with Brent crude dropping 13% to $86.52 per barrel and WTI to around $84, following Iran's confirmation of the Strait of Hormuz reopening during US-Iran peace talks and ceasefire.

Oil prices dropped sharply as Iran reopened the Strait of Hormuz for commercial tankers, easing supply concerns. US stock markets hit record highs, with airlines and cruise operators benefiting from lower fuel costs.

India’s leading fuel-tech startup, Nawgati, is close to raising $5.2 million in Series A funding. The investment aims to strengthen its global footprint, scale innovative fueling solutions, and enhance user experiences in connected mobility.

Amid escalating West Asian tensions and disruptions via the Strait of Hormuz, India sharply increased its Russian crude purchases in March 2026, bringing Russian barrels to their highest daily level in over nine months.

Smart Garage raised ₹2.4 crore in Pre-Series A funding, plans to expand from 500 to over 10,000 workshops by 2030, and will introduce new revenue models to strengthen India's automotive service infrastructure.

Oil retailer shares dipped sharply after crude crossed $100 per barrel due to tensions and a US Navy blockade. Market volatility continues as investors weigh the long-term impact on global trade and fuel prices.

Global oil markets faced a sharp price hike after coordinated attacks on Saudi Arabia’s energy sites and the closure of the Strait of Hormuz.

Oil prices tumbled following the US–Iran ceasefire deal, calming global energy markets and easing import cost pressure on India.

The Indian Sugar Mills Association (ISMA) is pushing policymakers to adopt the E22 ethanol blend and lower GST rates on flex-fuel vehicles, aiming to strengthen India’s ethanol economy.

Prime Minister Modi inaugurated Kaynes Semicon’s new semiconductor facility in Sanand, marking a major step in India’s push for local chip production. The plant aims to reduce import reliance and support advanced automotive and electronics sectors.

Oil India Limited has signed a Memorandum of Understanding with CSIR-Institute of Minerals and Materials Technology to pursue joint research and development in critical minerals such as lithium, cobalt and rare earth elements.

Klüber Lubrication showcased innovative automotive lubricants at the Bharat Mobility Global Expo 2025, highlighting solutions for enhanced performance, sustainability, and support for electric vehicles and SUVs.

Autoz365 Lubricants, powered by Tesla Power India Pvt. Ltd., launched in Ahmedabad, offering advanced lubricants for superior engine performance and fuel efficiency.