Indian refiners may face setbacks due to the EU’s 18th sanctions package against Russia, which bans imports of refined products made from Russian crude via third countries. Indian exports to the EU, worth $14.3 billion in FY25, are at risk. The sanctions also lower the crude oil price cap and restrict transport services, limiting market…
The Union Cabinet has approved major reforms. Foreign direct investment in insurance is now 100 percent. A new Higher Education Commission of India will be formed. The atomic energy sector is open for private companies. India and Oman signed a Free Trade Agreement. MGNREGA employment days have been revised. These steps aim to boost the…
India is facing a growing “heat-power trap” as record heatwaves boost electricity demand. This surge fuels dependence on fossil fuels, worsening emissions. A new study urges investment in renewable energy storage and smart grids. Regions like Madhya Pradesh and Delhi are severely impacted.
Indian refiners are awaiting government guidance on Russian oil imports after the U.S. imposed new tariffs due to India’s energy ties with Russia. While state refiners paused, private companies continue Russian oil imports. If forced to cut Russian imports, India may turn to Middle East, Africa and the Americas.
The bidding frenzy for coal-bed methane blocks heats up as Reliance Industries and the Essar Group step into the ring. The Directorate General of Hydrocarbons has put 16 blocks up for grabs in two competitive rounds, attracting the attention of Oil India while ONGC chooses to withdraw.
A parliamentary committee has highlighted India’s significant reliance on crude oil imports, nearly 89%, and the escalating geopolitical risks. It urged the government to diversify supply sources and bolster risk management, including hedging and flexible contracts, to counter global disruptions and ensure energy security.
India has asked state-run fuel retailers to increase the storage capacity of liquefied petroleum gas to meet 30-days’ demand, Sujata Sharma, a joint secretary in the federal oil ministry said on Friday.
Adani Total Gas Ltd (ATGL) has reduced CNG and domestic piped natural gas prices by up to Rs 4 across multiple markets. This follows a tariff reform by PNGRB, simplifying gas transportation charges and lowering input costs for distributors. The move aims to make natural gas more affordable and accelerate cleaner fuel adoption.
According to the percentage in the total number of consumers, the domestic category comprised the highest 84.1 per cent, followed by commercial, 14.88 per cent, industrial, 0.37 per cent, water works and street lighting, 0.31 per cent, and others, 0.33 per cent, it said.
State-owned Coal India Limited has commissioned a 100 MW solar power project in Gujarat. This marks a significant step in the company’s renewable energy expansion. The project received its commissioning certificate from Gujarat Energy Development Agency. This development comes as Coal India aims to increase its solar capacity. The company is working towards becoming a…