Energy & Petroleum News Today

Moody's notes state discoms' improved payment discipline aids power gencos. ACS-ARR gap narrowed to Rs 0.06/unit, losses fell to 15%, and a Rs 27 billion profit was reported in FY25, driven by late payment rules. Sustainability needs reform.

LPG sales in April dipped 13% overall, with household supplies down 11% and commercial cylinders 10% lower, due to the Strait of Hormuz closure choking imports. Industrial supplies plunged 82%, forcing shifts to alternatives.

Punjab's power consumption rose 6% in May's first 21 days, reaching 4,574 MUs, driven by heatwave. Demand is projected to hit 14,500 MW with the upcoming paddy season, but PSPCL is prepared.

Domestic consumers with under 500 units bi-monthly will get 200 free power units, increasing zero-bill payers to 1.2 crore. Another 85.83 lakh save ₹235. TNPDCL updated software, but regulatory approval is debated.

SCCL's 1 MW battery storage pilot in Telangana saved over ₹26 lakh in four months, storing 3.35 lakh units of excess solar power. This boosts renewable use, cuts costs, and reduces grid reliance for industrial operations.

Hyderabad fuel prices climbed again, with petrol at ₹111.77/litre and diesel at ₹99.89/litre, both up 99 paise. This second hike in four days strains households, businesses, and logistics, highlighting fossil fuel dependence.

Global oil prices slipped below $96/barrel following reports that the United States and Iran have reached a final agreement, with official confirmation expected within the next few hours. Market sentiment turned sharply bearish as traders anticipate easing geopolitical tensions, potential sanction relief, and improved crude supply outlook from the Middle East. The development could significantly impact global energy, petrochemical, and polymer markets in the near term.

A new 0.60 km, 66 kV transmission line in Kattemalalavadi, Hunsur taluk, will be commissioned after May 24, feeding a new 66/11 kV power station. KPTCL issued public safety warnings.

Andhra Pradesh successfully handled its highest-ever power demand amid a heatwave, ensuring uninterrupted supply. May 21 saw 288.9 MU consumption and 15,016 MW peak demand, showcasing robust grid management despite 46°C temperatures.

Indian domestic coal prices declined on May 22, 2026, due to weak demand. 5,000 GCV coal fell INR 500/t, and 4,500 GCV dropped INR 200/t to INR 4,100/t.