Energy & Petroleum News Today

A-One Steels signed 16 long-term PPAs for 230 MW of solar and wind energy to power its manufacturing facilities in Karnataka and Andhra Pradesh, advancing its green energy transition.

Global oil prices will likely remain above $100 per barrel as traders price in supply losses while Saudi Arabia rushes to restore a damaged key pipeline.

The Central Government has reduced export levies for the next fortnight, cutting petrol duty by Rs 1, diesel by Rs 5, and ATF by Rs 4 per litre, effective from September 16.

India's power-sector emissions flatlined for two years due to clean-energy surges matching a 7% demand rise. However, overall emissions grew by 3.7% in early 2026, driven by heavy industries.

India benefits from BRICS through energy cooperation and local-currency financing. The New Development Bank has approved approximately $43 billion for 139 projects, including over $9.5 billion in India.

Andhra Pradesh Chief Minister N. Chandrababu Naidu urged BPCL to expedite the ₹1.45 lakh crore greenfield refinery project near Ramayapatnam, aiming for early construction and a proposed downstream petrochemical park.

BPCL plans a Rs 1.45 lakh crore greenfield refinery-cum-petrochemical project in Andhra Pradesh. It will produce 5.4 million tonnes of Euro-6 fuels and 3.2 million tonnes of petrochemicals annually.

Copper futures hit a record $14,779 per ton, pressuring profit margins for Indian EV, consumer appliance, and engineering goods makers due to supply tightness and potential US tariffs.

Hero MotoCorp is expanding its premium and electric motorcycle portfolio in India with upcoming models like the Karizma XMR 250, Xpulse 421, a new dual-sport, and the Splendor Electric.

The Shiromani Akali Dal staged a protest in Mohali over prolonged power cuts affecting residents, farmers, and industries, submitting a five-point demand memorandum for immediate electricity supply improvements.