Energy & Petroleum News Today

India's petroleum ministry plans to counter oil market volatility by diversifying crude sources and encouraging refiners to flexibly balance term and spot contracts to reduce costs and capture arbitrage opportunities.

Thane's planned 180 electric bus expansion faces a 1,096 crore expenditure against 666 crore income over 12 years, raising financial gaps, infrastructure costs, and potential fare revisions.

The Mumbai-Ahmedabad High-Speed Rail project advances with railway electrification across its 508-km corridor, targeting its first operational section by 2027 at speeds up to 320 kmph.

Simple Energy will begin delivering its Simple One e-scooter in June 2022, priced at INR 1,09,999. Pre-bookings have exceeded 30,000, offering a range of up to 236 km.

Industry leaders at a CGAI conference urged faster adoption of coal gasification and stronger policy support to reduce India's import dependence, create domestic value chains, and advance the Atmanirbhar Bharat agenda.

Heavy industry impacts extend beyond plants to upstream extraction sites like mines and quarries. Connecting value chains reveals significant environmental and social challenges faced by local communities globally.

India’s bitumen market is experiencing supply disruptions and price revisions driven by West Asia geopolitics. Domestic refinery rates reflect a firming trend, with VG30 bulk ranging between ₹68/kg and ₹85/kg across states. Meanwhile, surging raw material costs are stalling municipal and highway road construction projects across major metropolitan hubs.

Germany expressed interest in buying green hydrogen from India and expanding renewable energy partnerships, boosted by upcoming trade agreements and a projected EU-India Free Trade Agreement by early 2027.

Tesla opened a new charging station in Thane, launched its Refer and Earn program, and showcased the Model Y and Model Y L, expanding its Indian footprint to 7 stations.

Tata Motors has urged the Indian government to correct a 10% import duty anomaly on electric truck tractors to protect local manufacturing and build a sustainable domestic EV supply chain.