Prime Minister Modi announced India’s commitment to energy independence through nuclear power reforms, opening the sector to private investment. With work underway on 10 new nuclear reactors, India aims to increase nuclear power generation capacity tenfold by 2047. The nation has already achieved its goal of sourcing 50% of its energy from clean sources ahead…
India’s LPG imports saw a significant shift in May. The United States became the largest supplier, providing over half of the country’s needs. Iran also emerged as a key source, resuming trade after seven years. These changes reflect global energy market disruptions. India is diversifying its LPG sources to ensure supply stability.
The Abu Dhabi National Oil Company on Sunday pledged to spend $55 billion on new projects over the next two years, just days after the United Arab Emirates’ officially left the OPEC oil cartel. The UAE has been an OPEC member through the emirate of Abu Dhabi since 1967, four years before the former British…
India’s nuclear power sector is set for a major transformation. The Union Cabinet has approved the Atomic Energy Bill, 2025, named SHANTI. This landmark legislation will allow private companies to invest in nuclear power. This move is crucial for India to reach its ambitious target of 100 GW nuclear power capacity by 2047.
Asian nations are grappling with prolonged energy supply strains due to the Middle East conflict, prompting governments to implement costly subsidies and fuel-use restrictions. Diversifying energy sources and tapping reserves are key strategies, but deeper trouble looms if disruptions persist, threatening economic stability and food security across the region.
Manohar Lal Khattar and Jitendra Singh convened a meeting regarding the 100 GW Nuclear Energy Mission. India aims to boost its clean energy sources. The goal is to increase nuclear energy capacity to 22 GW by 2032. The Bharat SMR program saw strong industry interest. The proposal deadline is extended to September 30, 2025.
The govt has announced a reduction in the windfall tax for diesel exports to Rs 23 per litre and for aviation fuel to Rs 33 per litre, starting this Friday. This decision comes after a prior increase intended to protect domestic fuel supplies during global price escalations.
Indian Oil Corporation will commence sustainable aviation fuel (SAF) production in December at its Panipat refinery, with a 35,000-tonne annual capacity. This output aims to meet India’s international airline SAF blending requirements by 2027, utilizing used cooking oil as feedstock. The company has secured ISCC CORSIA certification, positioning it as the sole certified SAF producer…
Indian oil companies are pushing ahead with major expansion and clean energy projects. Indian Oil Corporation plans significant investments in refining and renewable energy. Bharat Petroleum Corporation Limited is also allocating substantial funds for refining and marketing. Hindustan Petroleum Corporation Limited’s capital expenditure is expected to be slightly lower. These companies are focused on growth…
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.