Energy & Petroleum News Today

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.

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.

Oil India discovered natural gas in Rajasthan's Dandewala field, flowing 25,000 SCMD from 950m depth. This first Sanu Formation find indicates 75 million standard cubic metres gas in place, enhancing field prospectivity.

Haryana CM Nayab Singh Saini invited Vietnamese EV maker VinFast to establish manufacturing in the state, leveraging Haryana's status as a major auto hub with around 50 manufacturers, despite VinFast's existing Tamil Nadu plans.

UAE-India energy security strengthened by ADNOC deals, including up to 30 million barrels crude storage, $3 billion LNG, and $20 billion LNG contracts. Trade targets $200 billion by 2032, with UAE boosting oil output.

Gujarat's GETCO installed a +-120 MVAR STATCOM at 220 kV Timbdi substation on March 5, 2019, first in India, ensuring stable power. Plans include +-125 MVAR systems at six 220 kV and one 400 kV substations.

India's power demand hit a record 271 GW due to heat, with coal covering 62% of generation. Coal use is projected to rise 11.5% (Apr-Jun). Despite diversification, coal remains 60% of output.