Energy & Petroleum News Today

Gurugram is upgrading its public transport by replacing 25 ageing CNG buses with BS-VI vehicles, introducing electric buses, and enabling UPI digital fare payments to enhance commuter reliability and sustainability.

In FY26, India restricted 6,900 GWh of renewable power evacuation due to transmission mismatches. Meanwhile, financial institutions deployed over Rs 5.08 lakh crore into the renewable sector over two years.

Indian bitumen prices remain firm as geopolitical tensions in the Middle East continue to disrupt supply chains. Iran's bitumen exports have nearly stopped due to the closure of the Hormuz Strait, while rising crude oil prices are supporting market sentiment. Buyers remain cautious as supply uncertainty keeps prices elevated across India.

India's washed coal prices rose to INR 6,750/t in Raipur on supply constraints, tight ROM coal availability, and higher production costs. Prices are expected to remain firm near term.

Germany's Uniper signed a 20-year agreement to purchase 2 million tonnes of LNG annually from Canada's Ksi Lisims project starting in 2032, boosting European energy security and low-carbon infrastructure.

IndianOil Paradip Refinery achieved a record 16.35 MMT crude processing in FY26, contributing ₹30,392 crore to the exchequer and announcing major future expansions including a PX-PTA project.

Centre reports no environmental violations at Assam's operational Coal India mine. Meanwhile, India's wind capacity reached 57,443.39 MW by June 2026, alongside pilot projects for green hydrogen deployment.

India's regulated coal exchange, launched via a portal on July 15, 2026, aims to be operational within 12 months. It features transparent price discovery, quality-based settlements, and strict market surveillance under the Coal Controller Organisation.

Konica Minolta expanded its NEEV and URJA CSR programmes by deploying its sixth electric vehicle with The Akshaya Patra Foundation, delivering nutritious mid-day meals to 3,000 students across government schools in Delhi and Hyderabad.

ADB approved an $850 million loan for India's rooftop solar program, while companies like AMPIN, LNK, Bondada, and ENGIE advanced major solar manufacturing and project developments.