India’s crude oil imports are declining due to stagnant demand both domestically and internationally. This raises concerns about India’s role as a key driver of global oil demand. Crude imports fell by 0.6% from April to July. Product imports also experienced a decrease of 1.5%. Weak domestic fuel consumption is contributing to this slowdown.
India is contemplating a comprehensive overhaul of its atomic energy laws, including the CLND Act, to attract private investment and achieve ambitious nuclear energy targets. The revamp aims to address the unlimited liability concerns of suppliers, potentially capping their liability and establishing a nuclear fund with government support.
The International Maritime Organization is preparing an evacuation plan for hundreds of ships stranded in the Persian Gulf after weeks of conflict involving U.S. and Israeli strikes on Iran. Secretary General Arsenio Dominguez said the plan will be activated only if tensions ease, with vessel departures prioritised by crew conditions.
The Indian government has sacrificed nearly Rs 14,000 crore in tax revenue by lowering excise duty on petrol and diesel. This move aims to protect consumers from rising fuel prices driven by the West Asia crisis. Despite this, oil companies continue to face daily losses.
Jammu and Kashmir is reviving the 120-year-old Mohra Power Project. This historic hydroelectric facility shut down in the 1990s. The government is accelerating power generation efforts. The project’s revival holds historical and symbolic value. It is a significant piece of Kashmir’s engineering heritage.
India’s nuclear power sector is opening to private companies and state governments. The Atomic Energy Bill 2025, set for Parliament, will address tariff determination. This crucial policy decision will shape the industry. Overseas technology providers may find it easier to participate. The government aims to bridge a regulatory gap in tariff setting for nuclear plants.
The closure of the Strait of Hormuz and the shutdown of Qatar’s LNG exports have pushed gas prices higher, but the disruption could ultimately lead to a prolonged global LNG glut, according to the analysis. The crisis has exposed the risks of relying on LNG supplies passing through Hormuz, prompting major Asian importers such as…
The government plans to repurpose old thermal power plants. These sites will be converted into nuclear power units. This is part of India’s goal. The aim is to achieve 100 GW nuclear capacity by 2047. Ten sites have been shortlisted across states. A site selection committee will inspect these locations. Wanakbori thermal power plant in…
India’s power transmission sector anticipates a strong recovery by FY27. Regulatory changes and new investment models will drive capital flows and asset use. Challenges in recent years are giving way to improved performance. Significant investment opportunities are emerging, particularly in renewable energy integration and energy storage solutions. Monetisation of assets will be key to funding…
Indian refiners may face setbacks due to the EU’s 18th sanctions package against Russia, which bans imports of refined products made from Russian crude via third countries. Indian exports to the EU, worth $14.3 billion in FY25, are at risk. The sanctions also lower the crude oil price cap and restrict transport services, limiting market…