Energy & Petroleum News Today

India’s bitumen market is experiencing supply disruptions and price revisions driven by West Asia geopolitics. Domestic refinery rates reflect a firming trend, with VG30 bulk ranging between ₹68/kg and ₹85/kg across states. Meanwhile, surging raw material costs are stalling municipal and highway road construction projects across major metropolitan hubs.

GK Electric inaugurated a new 3S dealership in Raigarh, expanding its sustainable electric three-wheeler network across Chhattisgarh following its recent 5,000th vehicle manufacturing milestone.

Latin America's deployment of 10,000 electric buses across 80 cities offers valuable financing and policy lessons for Indian megacities struggling with severe urban congestion and air pollution.

Hinduja Renewables is expanding beyond solar toward wind, hybrids, 4 GW of pumped storage, and BESS to achieve its Mission 10-2030 goal of delivering 10 GW of dispatchable clean energy.

A Ukrainian drone strike indefinitely shut Russia's largest LPG plant, taking 40% of national production offline and instantly triggering severe fuel rationing across at least 16 regions.

India's EV charging network reached 67,657 stations, with 16.72 lakh EVs sold under FAME-II and widespread backing from government schemes promoting electric mobility adoption.

In FY 2025-26, 88,209 electric vehicles were subsidized and 94,277 deployed in Madhya Pradesh under the PM E-DRIVE scheme, though no electric buses were allocated to the state.

State-run ONGC has successfully completed drilling its second 1,000-meter-deep geothermal well at Puga Valley in Ladakh, paving the way for India's upcoming 1-MW pilot geothermal power plant.

Gentari, Petronas's clean-energy arm, is exploring the sale of its Indian EV charging business, which operates about 3,000 charging points across 11 states, as part of a broader portfolio review.

India's Ministry of Heavy Industries will disburse Rs 4,700 crore in FY27 under the auto PLI scheme to boost EV manufacturing, investments, and address financing and infrastructure hurdles.