State-owned fuel retailers IOC, BPCL and HPCL face widening losses of Rs 18 per litre on petrol and Rs 35 on diesel as prices remain frozen since April 2022. Rising global crude costs, despite excise cuts, have eroded gains, with analysts warning of possible price hikes after state elections.
Nearly 27 lakh power sector employees across India are preparing for a nationwide strike on July 9, protesting the Uttar Pradesh government’s decision to privatize two major electricity distribution companies. The All India Power Engineers’ Federation warns that this move could disrupt power supply and deprive farmers and low-income households of subsidized benefits. Demonstrations are…
In a statement posted on X on Tuesday, Reliance Industries Limited said a Bloomberg report claiming that “three vessels laden with Russian Oil are heading for Reliance Industries Limited’s Jamnagar refinery” was incorrect. The company said its Jamnagar refinery has not received any Russian crude oil cargo in the past three weeks and is not…
India’s Oil Minister Hardeep Puri met Qatar’s Energy Minister Saad Sherida Al-Kaabi. Both stressed ending global energy supply disruptions. Qatar reaffirmed its role as a reliable energy supplier to India. Discussions covered trade, investment, and energy ties. India is reassessing its supply situation following a ceasefire. Efforts are underway to secure the safe passage of…
IndianOil has significantly increased Auto LPG supplies in Bengaluru by nearly 300 percent. This action addresses a sharp surge in demand caused by disruptions in private sector supply chains. The company is working to stabilize fuel availability for the city’s transport system. Supplies across Karnataka have also doubled. IndianOil’s outlets are operating without interruption to…
India and Russia are boosting nuclear energy ties. They will cooperate on the fuel cycle and support the Kudankulam plant. New advanced nuclear technologies are also on the agenda. Discussions will accelerate on Russian-designed reactors and joint manufacturing. Fuel for Kudankulam Units 3 and 4 has begun delivery. This marks a significant step in India’s…
India’s Centre has lowered royalty rates for crude oil and natural gas production. This move aims to encourage more domestic exploration and production. Deepwater and ultra-deepwater fields will see significant royalty reductions. New policies offer zero royalty for initial years in these challenging areas.
AI systems may now have a carbon footprint equivalent to that of New York City in 2025, while their water footprint could be in the range of the global annual consumption of bottled water. After previously estimating the global power demand of AI systems in 2023, 2024 and 2025, my latest research—published open access in…
Russian oil exports significantly declined in November due to buyer caution over stricter US sanctions, leading to a substantial drop in Moscow’s oil revenue. This fall, coupled with lower Urals crude prices, marked the lowest export revenues since the Ukraine conflict began. Global oil supply also decreased, with OPEC+ contributing significantly to the decline.
Delhi’s energy landscape is changing. Domestic electricity users have increased significantly over five years. Industrial power consumers have dropped sharply. Households are switching from LPG cylinders to piped natural gas. This shift reflects evolving energy preferences in the national capital.