Energy & Petroleum News Today

Mumbai CNG prices increased by Rs 1.50 to reach Rs 91.50 per kg, effective November 15, driven by rising import costs, reduced domestic gas allocation, and geopolitical tensions in the Middle East.

Union Minister Piyush Goyal met ElSewedy Electric's CEO in Cairo, discussing India-Egypt cooperation in electrical equipment, smart meters, and data centres during his visit with 130 business leaders.

India's ₹37,500-crore coal gasification policy aims to convert domestic coal into chemical inputs and heat, reducing dependence on $8 billion worth of imported urea and ammonia while boosting fertilizer security.

Crude oil futures fell over 1.4% on Thursday following reports of potential direct talks between the US and Iran to end the West Asian conflict. January Brent dropped to $91.29.

India's ACC battery PLI scheme has achieved only 1.4 GWh against its 50 GWh target with zero commercial production, facing structural roadblocks in technology, raw materials, and localization requirements despite Rs 4,570 crore investments.

Tata Motors plans to launch the Safari EV in January 2027 and the Avinya X in early 2027, backed by a 40,000 crore investment and 15 models planned by FY2031.

Genesis has patented its flagship GV90 electric SUV in India ahead of its planned 2027 market entry. The 657bhp luxury EV features a 123.5kWh battery delivering a 500km range.

Global oil prices, influenced by West Asian conflicts, Russia sanctions, and US production, impact energy security and India's economy, driving up fuel costs, transportation expenses, and inflation.

India's EV transition needs smarter financing, moving beyond traditional lending. With 12.8 lakh electric two-wheelers sold in 2025, addressing affordability, data-driven underwriting, and secondary markets is crucial for inclusive growth.

India's battery PLI scheme has developed just 1.4 GWh of manufacturing capacity against a 50 GWh target, facing delays, import dependencies, and structural constraints with zero commercial production yet.