Energy & Petroleum News Today

Punjab launched a 45-day electricity OTS scheme waiving Rs 518 crore in interest and penalties for 24.86 lakh domestic consumers, allowing principal payments in installments.

US natural gas prices fell to $3.23 per million British thermal units from a seven-week high of $3.34 due to warmer winter forecasts, profit-taking, and expectations of weaker heating demand.

A 29-year-old man died from a fatal electric shock inside his tin-sheet house in Pune, triggering investigations into alleged illegal power connections and damaged wiring by local authorities.

Pune's new 23.2-km Pink Metro line features India's first all-women driving team, runs 30% on solar power, and connects Hinjawadi to Shivajinagar, enhancing urban transit through a public-private partnership.

Oil India is confident in achieving its 4 million metric tonnes crude production target this fiscal. Meanwhile, subsidiary Numaligarh Refinery targets a ₹6,000 crore capital expenditure next fiscal.

OPEC+ oil output rebounded by 2.04 million barrels per day in October to 41.23 million, easing feedstock cost pressures for Indian chemical manufacturers despite ongoing geopolitical and shipping volatility.

A new report warns that an 81.3% surge in soda ash imports threatens India's domestic manufacturers and clean tech ambitions, urging immediate WTO-compliant safeguard quotas to protect local industries and jobs.

El Niño conditions and high cooling demand are projected to create an 18 TWh electricity gap in India through June 2027, increasing pressure on coal-fired power plants amid falling renewable generation.

India's auto PLI scheme exceeded its five-year investment target at ₹44,326 crore, but employment reached only 46% and sales 23% of projections, highlighting a gap in broad-based industrial gains.

India's shift to E20 petrol, containing 20 percent ethanol, raises concerns among older vehicle owners regarding compatibility, mileage, and engine damage, though insurers clarify claims won't be rejected solely for using the fuel.