Energy & Petroleum News Today

India’s bitumen market remains firm as crude-linked costs, geopolitical disruptions and freight pressures continue to influence availability and pricing. Road construction demand is structurally strong, but higher bitumen costs are squeezing contractors and equipment buyers. Near-term prices may remain elevated, with regional supply tightness and infrastructure activity creating support.

Telangana's peak power demand hit 17,085 MW on August 14 due to deficient rainfall and high agricultural pumping, raising short-term procurement costs and straining the grid.

India launched the Samudra Manthan mission with an outlay of ₹84,084 crore to drill 60 deepwater wells by FY 2030-31, aiming to boost domestic oil and gas production and enhance energy security.

Gujarat's renewable electricity generation reached 67,655 million units in 2025-26, reducing carbon emissions by 49.79 million tonnes, as the state targets 100 GW of clean energy capacity by 2030.

The EIA projects Brent crude at USD 85 per barrel in Q3 2026 before easing to USD 69 in 2027 as Middle East production recovers. US crude output is expected to rise.

India's solar project costs are set to rise 20% over the next six to eight months due to domestic cell premiums, higher input and freight costs, and supply-chain disruptions.

Gujarat launched infrastructure projects worth over ₹5,400 crore, spanning ₹1,400 crore in rail works, ₹1,000 crore in power upgrades, housing, and clean-mobility manufacturing to boost urban connectivity and industrial growth.

AI data centers could boost India's annual power demand growth from 5.5% to 6%. India offers cheap solar power, fast transmission buildouts, and competitive renewable tariffs, attracting significant energy investments.

Hyundai plans to introduce 100 global models, including 26 for India, while expanding manufacturing capacity by 320,000 units locally and boosting its hybrid and electric vehicle portfolio by 2030.

JSW MG Motor India launched the Hector Tomahawk EV starting at Rs 13.99 lakh with BaaS. Offering a 69.2kWh battery, 517km range, and 5/7-seat options, bookings are now open.