Energy & Petroleum News Today

In August 2026, Russia, the US, and the UAE supplied over two-thirds of India's 191.2 lakh tonnes of oil imports. Total import bills rose 25% year-on-year to $12.2 billion amid elevated prices.

India's NTPC partners with 247Solar for a 1MW hybrid solar thermal project in Rajasthan, signing a 25-year PPA to deliver round-the-clock clean power and reduce coal reliance.

The Centre has extended zero customs duty on around 40 critical petrochemical products until July 15 to ensure supply stability amid disruptions caused by the conflict in West Asia.

Punjab Chief Minister Bhagwant Singh Mann announced that the Centre has assured uninterrupted coal and power supplies to sustain the state's significant contribution of 180 LMT of rice to the central pool.

Europe's natural gas prices hover near late-2022 highs at 86.03 euros per MWh due to limited Qatari LNG flows and depleted storage at 74% ahead of winter, raising supply shortage risks.

Coal India Limited increased its September coal supplies by 12.5% to 61.20 million tonnes and production by 9.18% to 53.50 million tonnes, driven by rising power sector demand.

India is advancing its green transition through solar power and electric mobility. While coal remains essential for rising demand, experts emphasize affordability, scale, and government-backed demand for sustainable economic growth.

Arunachal Pradesh Chief Minister Pema Khandu met an Oil India Limited delegation to review energy projects, emphasizing that investments must benefit local communities through employment and infrastructure.

Despite a 39% growth in solar generation and a record peak demand of 270 GW, India curtailed 1.46 billion units of solar power in July and August due to grid and storage constraints.

India plans to offset lower PSU oil dividends through subsidiary listings, special dividends, disinvestment proceeds, and a proposed IDBI Bank sale aiming to bring in $5.6 billion in FDI.