India assures citizens that retail fuel prices will not increase. A senior government official stated there are no current plans to revise petrol and diesel rates. Supplies of LPG, petroleum, and diesel remain sufficient. Steps are being taken to minimize disruptions from the West Asia crisis. Domestic LPG and PNG consumers, along with CNG transport,…
In a booming trend, Indian city gas companies are swiftly increasing the number of CNG stations, surpassing their initial targets. Yet, there remains a gap in household piped-gas connections, largely due to the straightforward nature of establishing CNG outlets compared to the intricate, labor-intensive process needed for household pipeline installations.
Nayara Energy, grappling with EU sanctions, is resorting to ship-to-ship transfers to continue fuel exports. A gasoline shipment from Nayara was moved from the Tempest Dream to the Wu Tai off Oman’s coast. Both vessels have faced sanctions related to the Russian oil trade.
India will postpone maintenance on approximately 10,000 megawatts of coal-fired power generation capacity until July. This decision aims to ensure sufficient power supply during the country’s peak summer demand. Additionally, around 8,000 megawatts of gas-fired generation capacity is experiencing disruptions. These issues stem from increased fuel costs influenced by the ongoing Iran war.
India’s Parliament is considering the SHANTI Bill. This legislation aims to repeal old nuclear energy laws. It will allow private companies to invest in nuclear power. The bill promotes small modular reactors. This will ensure round-the-clock clean electricity. Solar, wind, and nuclear power will meet India’s energy needs.
Oil market experts predict Brent crude oil prices will likely surge to USD 80 per barrel due to escalating US-Russia tensions threatening global oil supplies. Potential sanctions and tariffs on countries trading with Russia, initiated by the US, could further inflate prices. Disruptions in Russian oil flow could push prices even higher, potentially reaching USD…
Russia and Pakistan are discussing a potential oil-sector agreement covering exploration, production and refining, according to Pakistan’s Finance Minister Muhammad Aurangzeb. Talks are currently underway between the two countries’ energy ministries, and Russia has also proposed upgrading a refinery in Pakistan.
Adani Power received $437 million from Bangladesh in June, settling payment arrears for electricity supplied until March 31. This clears the way for smooth operations at the Godda plant, which supplies 10% of Bangladesh’s electricity. With payments now on track and structural changes implemented, Adani Power anticipates a potential credit rating upgrade.
India’s oil ministry proposes a draft contract offering compensation to explorers if the government seizes assets or contractual rights under oilfield agreements. This move addresses international energy companies’ concerns about expropriation, aiming to attract foreign investment in exploration. However, compensation is conditional and won’t apply in certain situations, such as failure to submit a field…
India will reduce its export duties on petrol, diesel, and aviation turbine fuel (ATF) starting June 1. The new rates are 1.5 rupees per litre for petrol, 13.5 rupees for diesel, and 9.5 rupees for ATF. These revisions are made fortnightly based on international crude oil and fuel prices.