Energy & Petroleum News Today

India’s bitumen market is grappling with stark regional imbalances. While a sharp, conflict-driven price spike has stalled rural road development across Tamil Nadu, public-sector logistics are expanding through new operational hubs in Gujarat. Refinery pricing reflects this volatility, forcing bulk contractors to re-evaluate their near-term procurement costs.

A Pune EV charging fire injured one person and damaged two electric scooters, spreading to a residential building. The incident highlights urgent urban safety concerns and the need for safer charging practices amid growing electric mobility.

Crude oil rally to $88/bbl risks polymer price hikes, despite weak Q1 demand. RIL data shows domestic polymer demand down 22% YoY, with PE -31%, PP -20%, PVC -8%. Buyers advised caution.

KPI Green Energy commissioned a 200 MW (AC) / 269 MW (DC) solar plant for Coal India Limited in Khavda, Gujarat. This is part of a larger 300 MW (AC) / 405 MW (DC) EPC project, strengthening its presence in a key renewable hub.

India's 90% oil import dependence exposes energy risks from Hormuz crisis. Despite better preparedness, vulnerabilities persist. Urgent action needed to boost domestic production, strategic reserves (China 10x), and regional security to mitigate future shocks.

Honda is launching its first electric SUV in India next year, targeting the mid-size segment. Based on the 0 Series platform, it's expected to offer over 450 km range, intensifying competition in India's rapidly growing EV market.

Two e-bikes caught fire while charging in Pimpri-Chinchwad, injuring one person and spreading to a building. Firefighters rescued one, controlled the blaze, and are investigating the cause.

KPI Green Energy secured CEIG approval for its 100 MW (AC)/128 MW (DC) solar project for MAHAGENCO in Nagpur, Maharashtra. This key regulatory milestone enables commissioning, expanding the company's footprint and strengthening its renewable energy portfolio.

Ahasolar Technologies secured a >₹35 lakh consultancy contract for Coal India's 187.5 MW/750 MWh BESS project in Telangana. The 15-month contract involves pre/post-award engineering for the ₹1,057.09 crore energy storage system.

India's grid hit a record 42.79% VRE (103.7 GW) on July 13. But, integrating this growth brings higher costs, requiring flexibility, storage, and facing stricter regulations that could cut developer revenues significantly.