Bangladesh has cleared $437 million in dues to Adani Power, including carrying costs, reaffirming the Indian conglomerate’s role as a reliable power source. With payments regularized and additional security established, Bangladesh has requested full power supply from Adani’s Godda plant.
India and other nations will seek energy supplies through direct talks. A full return to pre-conflict shipping levels through the Strait of Hormuz is not expected by 2026. This will lead to gradual, but slow and uncertain, improvements in energy transit. Higher and volatile oil prices will impact economies.
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.
Petrol, diesel price hike: Despite the latest round of increases, officials acknowledged that current retail prices are still insufficient to fully offset the sharp rise in international crude costs, leaving public sector fuel retailers exposed to substantial daily losses.
India is exploring higher ethanol blending in petrol and flex-fuel vehicles. This move aims to reduce reliance on imported oil. Discussions are underway with industry stakeholders. The government is preparing for increased biofuel use in transportation. This initiative seeks to boost domestic biofuel production and consumption.
Indian oil refiners, the top buyers of Russian crude, are exploring alternative sources like Azerbaijan, Nigeria, and the UAE amid fresh EU sanctions on Moscow. While no major shift has occurred yet, purchases from less typical suppliers suggest early diversification. Sanctions on a Russian-linked Indian refiner and tightening global trade dynamics are prompting a reassessment…
In a suo motu ruling, the Central Electricity Regulatory Commission (CERC) said monthly tariffs must be revised-or refunds issued-to reflect the GST rate cut to 5% from 12%. The directive, industry executives said, raises the bar on internal systems, audit trails and disclosures for both developers and discoms, aiming to curb disputes and enforce greater…
Indian engineering firms are now entering the Middle East’s oil and gas supply chains. Global energy companies are broadening their supplier choices. This opens doors for Indian manufacturers meeting strict standards. Companies like LSI-MECH Engineers are gaining approval. The Middle East continues energy infrastructure investment. Diversifying vendor bases is a priority for global firms.
Indian refiners are awaiting government guidance on Russian oil imports after the U.S. imposed new tariffs due to India’s energy ties with Russia. While state refiners paused, private companies continue Russian oil imports. If forced to cut Russian imports, India may turn to Middle East, Africa and the Americas.
Work on the natural gas pipeline connecting Tripura and Mizoram is progressing well. Officials report 45 percent completion. The 119.5-km project is slated for completion by December 2027. This initiative will bring affordable gas to Mizoram for domestic, commercial, and industrial use.