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.
Amid escalating Middle East tensions, Prime Minister Modi urged citizens to conserve fuel by reducing petrol and diesel consumption, promoting work-from-home, public transport, and carpooling. He also advised against non-essential foreign travel and gold purchases for at least a year to bolster foreign exchange reserves and the domestic economy.
Maharashtra Chief Minister Devendra Fadnavis supports Prime Minister Narendra Modi’s call for responsible consumption. Global conflicts are impacting oil and gas supplies, raising prices. Fadnavis warns that improper fuel use could lead to shortages in India. Prime Minister Modi urged citizens to reduce edible oil consumption and embrace natural farming.
India’s power sector is shifting focus from electricity shortages to ensuring reliable power during non-solar hours. Rapid renewable energy growth creates challenges for evening and night-time demand. The country needs enhanced transmission and storage infrastructure. Battery storage and flexible thermal generation will be crucial. Delays in capacity additions could lead to power shortages. Coal power…
State-owned oil firms are incurring massive daily losses, estimated at Rs 1,600-1,700 crore, to shield Indian consumers from global energy price shocks. This has led to over Rs 1 lakh crore in under-recoveries in 10 weeks, raising concerns about their financial sustainability and the need for potential price hikes.
Crude oil prices are set to remain high due to the Middle East crisis. This will affect India’s economy, lowering GDP growth in FY27. Inflation is also expected to rise significantly. Weather disruptions and fertilizer costs could further impact food prices. India’s reliance on imported oil makes it particularly vulnerable to these global events.
India’s power sector is positioned for a sustained growth trajectory with a medium-term forecast set at a 5-6 per cent CAGR, supported by the convergence of electrification, data centers, cooling loads, and manufacturing sectors. According to a Citi Research report, the country is currently witnessing its first-ever multi-vector capital expenditure upcycle that spans thermal, renewables,…
The article describes India’s economy as “resilient” amid the West Asia crisis, highlighting the country’s ability to maintain stable fuel prices despite a sharp global rise in crude oil prices. It credits strong domestic demand, expanding refining capacity, renewable energy growth and government intervention for insulating consumers from global energy shocks.
Petrol Diesel Price Today in India: Domestic petrol and diesel prices remained stable across most major Indian cities on Saturday, despite firm global crude oil markets driven by geopolitical tensions. India’s oil marketing companies and the government have absorbed rising costs for over two months to prevent retail price hikes, though this arrangement is under…
U.S. and Iran’s efforts to end their conflict stall amid renewed clashes in the Gulf. A U.S. intelligence assessment suggests Iran can withstand a naval blockade for months, while Tehran accuses Washington of breaching a ceasefire. The U.S. also imposed new sanctions on individuals and companies aiding Iran’s military.