Energy & Petroleum News Today

The base oil market faces a "divergent" trend this week. While Group I and Group II prices saw minor downward adjustments in Asia due to improved stock levels and buyer resistance, Group III prices in India and globally continue to climb. Supply remains the primary bottleneck as major refineries face force majeure following drone strikes.

India avoided petrol/diesel price hikes for four years despite global energy crises, Union Minister Hardeep Singh Puri stated. This was achieved through strategic planning, 50% LPG production boost, and alternative fuel expansion, ensuring affordable, uninterrupted supply.

India's power demand is projected to grow 4-5% YoY in FY27, recovering from 0.9% in FY26, driven by economic growth and cooling needs. Renewables will grow ~15%, while thermal power remains crucial, with coal load factors above 65%.

A detailed comparison of TVS iQube vs Ather 450X electric scooters covers range, performance, charging, and ownership experience. It emphasizes real-world riding over mere specs for a better understanding.

India's EV charging station market is set to reach USD 1,105.2 Million by 2034, growing at a 6.88% CAGR from USD 589.1 Million in 2025. This surge is driven by increasing EV adoption, robust government support, and infrastructure expansion.

Renewable methanol capacity to reach 61M tonnes by 2031, but fuel sector dominates investment. Chemical sector's absence risks single-use infrastructure, hindering multi-use potential. Integrated demand is crucial for financeability.

Eicher Trucks and Buses completed a 4,100 km Kashmir-to-Kanyakumari electric endurance run in six days with its Pro X EV. This achievement validates electric commercial vehicle viability and supports India's Net Zero 2070 goals.

India targets higher ethanol blends (E25, E85, E100) for energy sovereignty, aiming to cut its ₹22 lakh crore oil import bill. With 1,800 crore litres production, policy alignment is vital to maximize ₹1.70 lakh crore forex savings and farmer benefits.

Despite rising solar module prices, solar remains affordable in 2026 India. Strong ROI (2.5-6 years payback), government subsidies, and rising electricity tariffs (20-35% increase) ensure viability for residential and commercial users.

The LPG shortage in India, due to global supply disruptions, is forcing a return to solid fuels. This shift, marked by a 17.3% sales decline, threatens public health (3.2M deaths globally) and worsens climate impact, urging urgent policy action for reliable energy.