Energy & Petroleum News Today

India's electric vehicle penetration is expected to double to over 8% in FY27, driven by new model launches, improving charging infrastructure, and innovative ownership programmes like Battery-as-a-Service.

Ecnec approved 13 projects worth Tk 16,207.55 crore, including a 442-MW solar power plant in Rampal, aimed at boosting renewable energy, infrastructure, and regional development.

State energy enterprises supplied 25 million barrels of oil, operated refineries at over 120% capacity, reduced fuel prices, and utilized tax measures to stabilize domestic supply amid global fluctuations.

As Nigeria weighs phasing out electricity subsidies in 2027 after spending N6.93 trillion between 2016 and 2025, experts warn that reforms must prioritize reliable power supply and grid efficiency over mere cost-cutting.

Ferrari has debuted its first fully electric luxury car, the Luce, in India. It delivers 1,050 PS, accelerates from 0-100 km/h in 2.5 seconds, features a 112 kWh battery, and costs an estimated ₹8.5 crore.

The Directorate General has published the mineral reference prices for various mining commodities for the second period of October 2026, providing crucial pricing updates for the industry.

Northback Holdings revives the Grassy Mountain coal project in Alberta to export 2.5 million metric tons annually to Asian steelmakers, facing local environmental opposition and strict regulatory hurdles.

India is pushing a multi-billion-dollar coal gasification mission to reduce heavy import dependencies, utilize vast domestic reserves, and lower industrial gas costs, backed by substantial government incentives and private investments.

JSW MG Motor India announced eight winners for Season 6.0 of its startup program from over 130 entries, focusing on transforming mobility, manufacturing, and sustainability through emerging technologies.

Tesla opened Indian reservations for the ultra-luxury Roadster, highlighting surging local registrations and testing whether India's charging and service infrastructure can support high-end electric vehicles.