India will not compensate state-run fuel retailers for losses incurred by selling transport fuels below market prices. While companies have increased prices for industrial customers and jet fuel for foreign carriers, retail prices for gasoline, gasoil, LPG, and jet fuel for Indian carriers remain unchanged. The government prioritizes protecting retail consumers.
A US-led naval blockade on Iran has sharply escalated tensions around the Strait of Hormuz, threatening global oil flows, trade routes and geopolitical stability. Oil prices have surged past $100 as shipping risks, insurance costs and supply disruptions ripple across markets. While enforcement remains complex and legally contested, the bigger risk lies in escalation and…
Iran’s IRGC Navy has imposed new restrictions on maritime traffic through the Strait of Hormuz, permitting only civilian vessels on designated Iranian routes. Military ships are explicitly barred from transiting the vital waterway. These directives follow Iran’s announcement of opening the strait and come amid US President Trump’s insistence on maintaining a naval blockade until…
According to the percentage in the total number of consumers, the domestic category comprised the highest 84.1 per cent, followed by commercial, 14.88 per cent, industrial, 0.37 per cent, water works and street lighting, 0.31 per cent, and others, 0.33 per cent, it said.
A major oil supply disruption is underway due to the US-Israeli war with Iran and the closure of the Strait of Hormuz. This event is the worst energy crisis the world has faced, impacting crude, natural gas and refined fuel supplies. The disruption’s scale is unprecedented in daily output lost, surpassing past energy shocks.
Power consumption surged by nearly 7% in December, reaching 138.39 billion units, driven by increased use of heating appliances due to severe cold in North India. Peak power demand also rose to 241.20 GW, with further steady demand expected as temperatures continue to drop.
India is charting a course toward a self-reliant, economically vibrant future under the ‘Kal ka Bharat’ vision, balancing rapid growth, energy independence, and climate commitments. As the world’s third-largest oil consumer and fourth-largest refiner, India aims to increase domestic crude production to 100 MMT, gas output to 100 BCM, and refining capacity to 450 MMTPA…
India is planning a significant expansion of its nuclear energy sector. Experts emphasize the need for new financial strategies and robust risk-sharing frameworks. The SHANTI Act of 2025 is enabling private sector involvement. Accelerating site studies and ensuring long-term fuel supply are crucial steps. These efforts aim to boost clean energy generation and achieve ambitious…
The Strait of Hormuz has effectively shut to global shipping after the US, led by Donald Trump, imposed a blockade on Iran-linked vessels, triggering retaliation from Tehran and bringing daily ship transits close to zero from a normal of about 135.
India is gearing up to fast-track the integration of flex-fuel vehicles into its automotive landscape. These innovative cars are capable of using higher blends of ethanol, paving the way for decreased dependence on imported oil. As the global oil markets grapple with instability stemming from geopolitical conflicts, this initiative is timely.