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Latest Market News Of Energy & Petroleum

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State oil companies lose ₹75,000 cr in Q1 on low prices: Oil minister Hardeep Singh Puri

State oil companies lose ₹75,000 cr in Q1 on low prices: Oil minister Hardeep Singh Puri

State oil companies lost ₹74,781 crore in Q1 by selling fuels below market prices. Minister Puri noted refiners are recovering losses from earlier high crude costs, delaying pump price cuts despite current $70/barrel crude.
Coal gasification pilot yet to take off despite ₹6,233 cr incentives

Coal gasification pilot yet to take off despite ₹6,233 cr incentives

Despite ₹6,233 cr incentives, 8 coal gasification pilot projects haven't progressed, pushing commissioning to FY30. A new ₹37,500 cr scheme excludes early participants, leaving them disadvantaged due to delays and lack of access to better incentives.
Ahmedabad Airport Introduces Faster Cab Pickup System

Ahmedabad Airport Introduces Faster Cab Pickup System

Ahmedabad Airport is launching a new cab pickup system in coming weeks. Passengers can book at a counter, get a code, and board available taxis, significantly reducing waiting times and congestion for improved airport mobility.
Ahmedabad Airport Ground Operations Face Fresh Scrutiny

Ahmedabad Airport Ground Operations Face Fresh Scrutiny

Ahmedabad Airport's ground operations face regulatory scrutiny after a June 24 incident involving an aircraft's post-landing movement. The review aims to enhance safety, procedural compliance, and communication amidst rising traffic, crucial for urban resilience and economic growth.
Mumbai Monsoon Flooding Tests Urban Transport Network

Mumbai Monsoon Flooding Tests Urban Transport Network

Mumbai's transport network faced severe tests as intense monsoon showers caused widespread flooding, disrupting roads and suburban railways. A red alert was issued for Mumbai and surrounding districts, highlighting infrastructure vulnerability and affecting millions of commuters.
Ahmedabad Bullet Train Gains Japan Backing

Ahmedabad Bullet Train Gains Japan Backing

Japan and India reaffirmed commitment to the Mumbai-Ahmedabad Bullet Train, targeting 2027 operations for the 500 km corridor. This strengthens confidence in the 320 kmph high-speed rail project and signals broader future HSR development across India.
Ahmedabad Bridge Demolition Advances Riverfront Renewal

Ahmedabad Bridge Demolition Advances Riverfront Renewal

Ahmedabad's five-decade-old Subhash Bridge demolition advanced with three central spans removed. It's being replaced for improved safety, durability, and urban mobility, reflecting a shift towards resilient infrastructure management and sustainable city development.
Ahmedabad Renewable Energy Milestone Reshapes Power Landscape

Ahmedabad Renewable Energy Milestone Reshapes Power Landscape

India's largest renewable power developer surpassed 20 GW operational clean energy, generating over 52 billion units annually. This milestone reinforces India's energy transition, strengthening security, reducing emissions, and meeting demand.
Mumbai Corporate Bus Pass Boosts Public Transport

Mumbai Corporate Bus Pass Boosts Public Transport

Mumbai's BKC introduces a flexible corporate bus pass model to boost public transport. Businesses pay for journeys, reducing private vehicle use, easing congestion, and promoting sustainable urban mobility.
MSRTC NCMC Smart Card Rollout Gains Momentum

MSRTC NCMC Smart Card Rollout Gains Momentum

Maharashtra's NCMC Smart Card rollout gains momentum with over 62.86 lakh registrations and 35.52 lakh activated. Mandatory from August 1 for concession beneficiaries on MSRTC buses, aiming for unified digital ticketing and improved efficiency.

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