India is expanding its network of ethanol fuel stations across Delhi-NCR, Pune, Mumbai, and Nagpur. This initiative aims to significantly reduce the country’s reliance on imported fossil fuels. The government plans to increase the number of these stations to 500 by the end of 2026 and anticipates 5,000 by 2027. This move supports cleaner fuel…
Hindustan Petroleum Corporation Ltd has commissioned a new residue upgradation facility at its Visakhapatnam refinery. This facility significantly boosts the refinery’s ability to convert low-value oils into high-value petroleum products. The project enhances India’s refining complexity and reduces reliance on imported fuels.
India is poised to increase its reliance on West Asian oil suppliers like Saudi Arabia, the UAE, and Iraq, as the US intensifies pressure on Russian crude imports. This shift comes as discounts on Russian oil narrow and the US imposes higher tariffs. While Russian oil imports will continue, India aims to diversify its sources…
Global energy firm Shell plc has significantly increased natural gas supplies to India. This comes as disruptions from the West Asia conflict impacted supplies from Qatar. Shell’s global LNG portfolio and infrastructure allowed it to step in. It became India’s largest imported gas supplier in March. This ensured feedstock for fertiliser production and other industrial…
Nayara Energy, once a symbol of India-Russia cooperation, faces significant challenges due to sanctions and global disruptions following the Ukraine invasion. These hurdles impact its exports, finances, and expansion plans, forcing a shift towards domestic markets and alternative strategies. The company navigates leadership changes and infrastructure concerns amidst potential ownership restructuring.
To boost coal demand and lower electricity costs, Coal India Limited has taken a new step. Power plants using CIL coal can now sell surplus electricity in power exchanges. This began on August 1. Earlier, power generators could only supply power under existing agreements. The revised policy allows sale of un-requisitioned surplus power in the…
The SHANTI Act of 2025 has significantly boosted opportunities for US commercial nuclear companies to collaborate with India. A high-level US delegation, including NEI’s CEO Maria Korsnick, met with Indian ministers to discuss expanding clean energy cooperation. Korsnick highlighted the US’s advanced reactor technologies and expressed readiness to partner with India based on its specific…
Oil Marketing Companies (OMCs) saw a significant reduction in LPG under-recoveries during Q1 FY26, decreasing by approximately 35% due to price hikes and moderated sourcing costs. Despite this improvement, under-recoveries remained substantial, leading to a cumulative burden.
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.
Oil prices have dropped significantly as markets react to potential peace talks between the United States and Iran. Asian stock markets saw early gains on Monday. President Donald Trump has indicated that a deal is not imminent. The conflict began in February, with a ceasefire observed since April. Mediators are working towards a settlement amidst…