Domestic LPG supply remains at 100 percent amid the West Asia crisis. No dry-outs have been reported nationwide. Online LPG bookings are nearly 98 percent. Oil marketing companies are ensuring uninterrupted supply. The public is urged to avoid panic buying and purchase only as per requirements. Fertiliser availability is robust with substantial stocks.
The government is identifying households with both LPG and PNG connections. This move aims to stop dual ownership and prevent subsidy misuse. Households with piped natural gas connections must now surrender their domestic LPG connections. This policy is being enforced to improve LPG supply for those without piped gas. Over 43,000 LPG connections have been…
Power Grid Corporation of India has secured a significant financial boost. Its board approved raising up to Rs 4,000 crore. This funding will come from the State Bank of India through a bank facility. Powergrid, a key player under the Ministry of Power, is India’s largest electric power transmission utility. This move strengthens its financial…
Tata Power Trading Company, Keppel Limited, and Tata Realty are launching a major cooling service at Intellion Park in Chennai. This project will provide efficient cooling for the IT corridor. The initiative aims to significantly cut energy use by over 20 percent. It uses advanced AI and machine learning for optimal performance.
Asia is experiencing energy shocks similar to the 1970s oil crises, with rising fossil fuel costs impacting consumers and industries. This is driving a significant shift towards clean energy alternatives, with electric vehicles and solar power adoption accelerating across the region. A prolonged crisis could lead to a dramatic transformation, mirroring Europe’s response decades ago.
West Asia War: Oil companies face a 30-50% drop in diesel sales to bulk customers. Large buyers are now purchasing fuel from retail pumps where prices are about ₹50 per litre cheaper. This shift is extending losses for oil marketing companies. State transport corporations are exempt from these higher bulk prices. The price gap is…
India’s road transport ministry is set to update vehicle emission rules. Higher ethanol fuels like E85 and E100, along with B100 biodiesel, will now be part of the country’s emission testing and certification. This move aims to formalize the inclusion of these advanced fuels. The proposed changes are under Rule 115 of the Central Motor…
Mitsubishi, the Japanese conglomerate, is poised to exit a power project located in West Bengal, prompting discussions with NTPC regarding the financial implications. The company has tabled an offer for penalties associated with their withdrawal from the incomplete project, while NTPC is advocating for a more substantial settlement. As dialogues continue, both parties are working…
At crude prices of $120-125 per barrel, marketing margins are estimated at around negative Rs 14 per litre for petrol and Rs 18 per litre for diesel, according to the ratings agency. For every $1 per barrel increase in crude prices, fuel marketing losses rise by about 60 paise per litre, assuming no change in…
Speaking at The Economist Enterprise’s Resilient Futures Summit in New Delhi, he said the ability to create large-scale infrastructure with purpose will determine how well countries withstand global disruptions.