Oil prices are soaring, pushing the government to consider raising fuel costs. State-run companies are facing significant losses due to the sharp increase in crude oil. While elections are over, a decision on price hikes remains pending. Consumers have seen stable prices so far, but this situation may not last.
Donald Trump has struggled to secure concessions from Iran despite threats, military pressure and repeated deadlines tied to Tehran’s nuclear and regional policies. Trump on Monday said he had paused planned U.S. strikes at the request of Gulf Arab allies as “serious negotiations” were underway, while warning that military action could resume if no acceptable…
The Ministry of Petroleum and Natural Gas asserts that E20 fuel enhances acceleration and reduces carbon emissions by approximately 30% compared to E10, with minimal impact on mileage. Dismissing concerns about insurance validity, the ministry highlights the program’s benefits, including reduced crude oil imports, increased farmer incomes, and significant CO₂ emission reductions.
India has the potential to become a preferred global destination for data centres, supported by a strong and integrated national power grid and a transformed energy sector, Commerce and Industry Minister Piyush Goyal said Monday, during a media interaction.
An LPG carrier, the Tara Gas, previously involved with Iranian cargoes, is transiting the Strait of Hormuz while declaring Indian crew and ownership. The vessel, fully laden, is navigating a Tehran-approved route, highlighting the complex measures ships take to exit the Persian Gulf amidst blockades.
Andhra Pradesh government has cancelled Adani Green Energy Ltd’s (AGEL) 1,200 MW Kurukutti and 1,000 MW Karrivalasa pumped hydro storage power projects at the company’s request, citing boundary disputes between Andhra Pradesh and Odisha. AGEL requested cancellation and a refund of facilitation charges, which may be adjusted towards other projects.
Fuel prices are rising again, making travel and goods more expensive. This impacts transporters, supply chains, and household budgets. Oil Marketing Companies are seeing stock rallies. The government faces a challenge balancing OMCs’ financial health with consumer impact. Global events continue to influence fuel costs.
India’s largest gas distributor GAIL plans significant borrowing for expansion in fiscal 2027. The company is also securing spot LNG cargoes to address supply disruptions. Global LNG flows face challenges due to geopolitical events and infrastructure damage. This impacts India’s energy security and terminal operations. GAIL’s Dabhol terminal is operating below capacity. Hindustan Petroleum Corp…
Bharat Petroleum Corp has awarded Glencore a tender for 10 million barrels of U.S. oil, boosting India’s energy ties with the U.S. This deal, delivering 2 million barrels of WTI Midland crude monthly, supports India’s efforts to reduce its trade surplus with the U.S. and fulfill pledges made during Prime Minister Modi’s visit to increase…
A host of global investors and Indian firms are positioning themselves to acquire IntelliSmart Infrastructure, signaling a vibrant growth phase for India’s smart meter sector. The Indian government’s visionary goal of deploying millions of smart meters by 2027 is a major catalyst for this surge.