Energy & Petroleum News Today

The Gujarat Congress has demanded a uniform state gas pricing policy and measurement standards, highlighting price variations up to ?126 for piped natural gas across different cities and suppliers.

Reliance Industries plans a ₹3,000 crore underground coal gasification pilot in Andhra Pradesh by mid-2028, utilizing CRIP technology across the Chintalapudi and Recherla blocks for synthetic gas production.

Union Minister Nitin Gadkari emphasizes pollution reduction and electric vehicles as India's future, aiming to make the Rs 22 lakh crore automobile industry number one globally with 700 new charging stations.

Brazil's COP30 roadmap urges national fossil fuel transition plans. Meanwhile, India rejected COP31's electrification pledge, opposed the EU's carbon border tax, and called for increased international climate finance.

The Union Cabinet approved a Rs 14,500 crore VGF scheme to develop 92 GWh of grid-scale energy storage systems, ensuring round-the-clock power supply and boosting domestic manufacturing and renewable energy integration.

DCM Shriram is investing in expanding its business through new production lines for specialty PVC, medical grades, HFFR grades, along with electrolyzers and solar power.

India's natural gas sector faces supply risks, import dependence, and infrastructure gaps, but investments in LNG, pipelines, and CGD networks drive future growth, efficiency, and market diversification.

Italy plans to approve a decree capping gas-fired power station prices at around 60 euros per megawatt-hour to limit the impact of high energy costs on households and businesses.

Union Minister Nitin Gadkari proposed night-time EV charging at Rs 3 per unit, potentially slashing 1,000 km travel costs to Rs 600, significantly undercutting petrol and diesel expenses.

Bharat Petroleum Corp purchased 1 million barrels of US WTI crude for Mumbai delivery at an $18/barrel premium, signaling feedstock diversification and potentially increasing costs for India's chemical sector.