Energy & Petroleum News Today

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.

Saudi Aramco cut July LPG prices by 24-27%, while Algeria's Sonatrach reduced theirs by 2-10%. This reduction is due to increased global supply, impacting the market.

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.

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.

Faulty electrical infrastructure and poor AC maintenance, including neglected servicing every 3-4 months, are causing city fires. Experts warn against prolonged use and ignored warnings like tripping breakers.

India clarified its oil firms aren't directly exporting refined fuel to Russia, despite reports of 60,000 metric tons shipped via traders. Russia needs 400,000 metric tons monthly due to shortages. Indian OMCs faced ?74,781 crore losses.

Himachal CM directed taking over 3 hydro projects (382 MW Sunni, 210 MW Luhri Se-I, 66 MW Dhaulasidh) from SJVN. He also ordered renegotiating 500 MW Duggar project terms and resolved the 422 MW Kishau dam deadlock, securing 211 MW free power.

India's bitumen market remained firm despite a sharp correction in Brent crude prices, as supply-side disruptions, elevated freight costs, and constrained vessel availability continued to support prices. While easing geopolitical tensions reduced the oil risk premium, cautious buying during the monsoon and delayed Persian Gulf cargo arrivals kept procurement activity subdued.

SECL achieved its best-ever Q1 FY27, with record coal production of 44.10 MT (up 7.19%), offtake of 48.79 MT (up 5.29%), and OBR of 99.36 MCuM (up 5.62%). Underground output also rose 23.35%.

Telangana launched a digital system for bulk power connections in Hyderabad, streamlining approvals for multi-storey projects. It reduces paperwork, speeds up processing, and waives development charges for projects over 20 kW, boosting urban development.