The Ministry of Power has updated its ‘Make in India’ rules for the power sector. A new plan will gradually increase local content in HVDC substations. This aims for 60 percent Indian-made components by 2035. The changes provide a transition for domestic industries to grow their capacity.
An India-linked LPG tanker, Sarv Shakti, has successfully crossed the Strait of Hormuz, marking a rare transit amid ongoing restrictions linked to the Iran conflict. The vessel, carrying about 45,000 tonnes of cooking gas and linked to Indian Oil Corporation, highlights India’s efforts to ease supply shortages as fuel flows through the strait remain severely…
India’s power market saw prices surge in late April. High demand, driven by heatwaves, pushed tariffs to the ₹20 per unit ceiling in non-solar hours. The Indian Energy Exchange data shows this trend. This high-price segment allows costlier power sources to meet demand. Peak demand reached a record 256 GW.
GAIL has taken its dispute with the Petroleum and Natural Gas Regulatory Board to the Delhi High Court. The regulator wants to separate gas transportation and marketing, a reform mandated in 2017. GAIL argues this will harm its integrated business. A committee report supports the regulator’s stance, stating the Indian gas market has evolved.
India’s ambitious oil and gas policy has failed to boost domestic production. Despite billions invested and extensive exploration, only one marginal field is producing. Experts question the policy’s effectiveness. Geological challenges and a shift in risk to companies deter global investment. The government continues auctions, but state-run firms dominate. This situation highlights India’s ongoing dependence…
Venezuela’s oil exports rose 14% to 1.23 million barrels per day in April, the highest in over seven years, driven by increased sales to the US, India and Europe. The surge follows a US-Venezuela supply deal and eased sanctions, which helped boost output and clear inventories.
Hotels and restaurants are facing a severe blow due to a significant hike in commercial LPG cylinder prices. Industry associations are urging the government to intervene and roll back the price increase. This escalation in operating costs threatens further closures and job losses in the hospitality sector, a key employment generator.
Fuel prices may rise soon. Government sources indicate a potential increase in petrol and diesel rates. This comes as oil companies face mounting losses. Retail prices have been frozen for four years. Global crude oil prices have surged significantly. This situation puts pressure on state-owned oil firms. Consumers might see higher fuel costs in the…
India’s power consumption saw a 4.04 percent rise in April. Unseasonal rains initially subdued demand. However, rising temperatures later in the month pushed power demand higher. Peak power demand reached a record 256.11 GW. Experts predict further increases in power demand from May onwards due to a harsh summer. Monsoon is expected to bring relief…
India has successfully shielded consumers from global energy price shocks despite disruptions from the Strait of Hormuz closure. Union Minister Hardeep Singh Puri stated that the country absorbed fiscal impacts rather than passing them to consumers, maintaining stable retail fuel prices for 60 days through long-term planning and diversified sourcing.