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…
As oil prices climb, significant Indian industries brace for impact. Transportation, farming, and power generation are especially reliant on petroleum, making them prime targets for economic instability with the unrest in the Middle East. Furthermore, mining and iron ore sectors also show marked susceptibility as recent data unveils these stark vulnerabilities in the economy.
India has extended the bid submission deadline for its latest oil and gas block auction. Potential investors now have until February 18, 2026, to submit their bids. This is the third extension for the OALP-X licensing round. The government aims to boost domestic oil and gas production with this significant acreage offering.
India’s petroleum exports worth $15 bn to the European Union may be at risk due to the EU’s new sanctions targeting refined products made from Russian crude, even if processed in third countries. According to think tank GTRI, the move could impact countries like India, which imports large volumes of Russian oil and exports refined…
JSW Energy’s arm, JSW Energy Utkal Ltd, has secured a Power Purchase Agreement with Karnataka discoms. This deal will supply 400 MW of power starting April 1, 2026, for 25 years at Rs 5.78 per kWh. This agreement significantly boosts JSW Energy’s long-term revenue visibility. The company is on track to meet its 2030 capacity…
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…
Andhra Pradesh government has issued a conditional No Objection Certificate to Vedanta Limited. This allows the company to drill 20 onshore wells in Krishna district. The approval is subject to strict terms and conditions. Vedanta Limited is India’s largest private oil and gas exploration production company.
APTRANSCO is undertaking projects valued at Rs 5,000 crore to bolster the power transmission network. Further projects worth Rs 3,000 crore are also being planned. Officials are tasked with creating implementation and procurement calendars for substations and materials. The state government aims for uninterrupted quality power supply.
Prime Minister Modi announced India’s plan to launch a deepwater exploration mission, aiming to boost domestic oil and gas production and reduce reliance on imports. With current imports covering 90% of oil and 50% of gas needs, the mission seeks to achieve energy independence and unlock the potential of areas like the Andaman Sea, attracting…
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.