Speculation mounts over potential petrol and diesel price hikes as assembly elections conclude, despite government assurances. The IMF urges India to pass on higher crude oil costs to consumers, arguing it would temper demand and allow market adjustments, while advocating for targeted subsidies for vulnerable populations.
India faces cooking gas shortages due to global events. Villagers in Uttar Pradesh are turning to biogas, made from cow dung, as a reliable alternative. This homegrown fuel powers kitchens and provides valuable fertilizer. The government supports biogas production to meet carbon neutrality goals. This innovation offers a sustainable solution for rural energy needs.
The United States has launched “Project Freedom” to reopen the Strait of Hormuz. Secretary of State Marco Rubio stated that America is uniquely positioned to ensure safe passage for commercial vessels. This initiative responds to requests from multiple nations facing disruptions. The operation aims to restore normal maritime operations and end Iran’s actions impacting global…
NHPC has announced the commercial operation of the fourth unit of its Subansiri Lower Hydroelectric Project. This marks a significant milestone for the 2,000 MW project. With four units now operational, the company is progressing towards completing the remaining units. The Subansiri Lower project is India’s largest hydroelectric undertaking.
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…
If crude oil prices remain elevated, Indian oil companies might find themselves under financial pressure. Delaying adjustments to fuel prices could impact their profits and cash reserves. Fitch Ratings warns that sustained high prices, rather than brief surges, present the greatest threat to credit ratings. Performance among companies will differ based on their operational strategies…
Reliance Industries will shut a crude unit and secondary units at its 660,000 barrels per day refinery for three to four weeks. This maintenance is scheduled for later this month. The shutdown will begin around mid-May. This timing follows Nayara Energy’s planned resumption of operations at its refinery. The move aims to prevent any fuel…
The West Asia conflict has exposed India’s vulnerability to energy shocks, prompting calls to reduce crude oil imports and boost energy security. An RBI MPC member stressed the need for increased domestic exploration and a faster transition to alternative energy sources to sustain economic growth amidst rising import bills and inflation.
Iran’s chief negotiator in talks with the United States warned on Tuesday that his country has “not even started” in its standoff over the Strait of Hormuz. “We know full well that the continuation of the status quo is intolerable for America; whilst we have not even started yet,” Mohammad Bagher Ghalibaf said in a…
Ship traffic has shifted away from the Strait of Hormuz, with hundreds of vessels clustering near Dubai as tensions rise between the US and Iran. Despite a ceasefire, both sides have exchanged fire, and Iran has expanded its control zone, warning ships through radio broadcasts while attacks near Fujairah added to concerns.