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Energy & Petroleum News Today

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Navi Mumbai Seeks Stable Electricity Supply

Navi Mumbai Seeks Stable Electricity Supply

Navi Mumbai faces recurring electricity disruptions amid surging summer demand. Authorities are pushing to strengthen the power network, reviewing issues, and planning infrastructure upgrades like an additional substation to stabilize supply.
Skoda Planning Two New Electric Cars For India: Details

Skoda Planning Two New Electric Cars For India: Details

Skoda plans two EVs for India: the imported Peaq flagship SUV (>600 km range) and a future locally-built mass-market model, likely Epiq. This accelerates their long-term EV strategy for the market.
Domestic cell mandate triggers supply crunch, may hit rooftop solar installation

Domestic cell mandate triggers supply crunch, may hit rooftop solar installation

India's domestic cell mandate for solar panels triggers a supply crunch and 20-23% price hike, potentially delaying rooftop solar installations for 75 lakh households. MNRE is monitoring the situation.
Europe gas holds firm as U.S.-Iran airstrikes drag on

Europe gas holds firm as U.S.-Iran airstrikes drag on

Europe's natural gas prices held firm at the 50 euro mark as the U.S.-Iran conflict entered its second day, with traders assessing risks to global energy supplies.
Vietnam pushes for higher coal output to meet surging power demand

Vietnam pushes for higher coal output to meet surging power demand

Vietnam's government approved domestic coal miners to boost output by up to 15% to meet surging electric power demand, addressing the country's energy needs.
EIA forecasts high oil prices in the first half of 2026

EIA forecasts high oil prices in the first half of 2026

The US Energy Information Administration (EIA) forecasts Brent crude spot prices to average $105/bbl in June-July 2026, before declining to around $79/bbl the following year.
EIA Digest: Crude inventories continue to draw; jet fuel stocks hit new ytd high

EIA Digest: Crude inventories continue to draw; jet fuel stocks hit new ytd high

Crude inventories drew for a sixth consecutive week amid elevated exports. Product stocks rose, with jet fuel hitting a new ytd high. Retail gasoline and diesel prices cooled below 2022 levels for a second week.
US 'specifically' asked India to buy Russian oil in 2022, says EAM Jaishankar

US 'specifically' asked India to buy Russian oil in 2022, says EAM Jaishankar

EAM Jaishankar stated India bought Russian oil in 2022 due to affordability and US request to stabilize global markets, despite Western sanctions. He emphasized market realities over politics.
India restricts sale of high speed diesel and motor spirit from retail outlets

India restricts sale of high speed diesel and motor spirit from retail outlets

India restricts institutional/commercial customers from buying high-speed diesel and motor spirit from retail outlets for up to 90 days. Retail sales are capped at 200 litres per customer daily.
Govt bars bulk industrial petrol, diesel purchases through petrol pumps

Govt bars bulk industrial petrol, diesel purchases through petrol pumps

Govt restricted bulk industrial petrol/diesel purchases from retail pumps for up to 90 days. This curbs abnormal demand due to price differences, like diesel at Rs 95.20 retail vs Rs 134.50 bulk, ensuring equitable supply.

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