Energy & Petroleum News Today

OMCs procured 2,418 crore litres of ethanol worth Rs1.72 lakh crore in 3 years, with procurement increasing. Government maintains 20% blending, citing scientific studies and no widespread vehicle issues.

India's CBG ambitions face scale challenges despite high potential. Current production is 920 tonnes/day, 1% of the 2030 target. Solutions include standardizing plants, securing feedstock, and developing by-product markets to unlock investment.

India’s bitumen market is grappling with stark regional imbalances. While a sharp, conflict-driven price spike has stalled rural road development across Tamil Nadu, public-sector logistics are expanding through new operational hubs in Gujarat. Refinery pricing reflects this volatility, forcing bulk contractors to re-evaluate their near-term procurement costs.

IIT Kanpur will establish a Green Hydrogen Centre of Excellence (ECOGEN) under the Uttar Pradesh Green Hydrogen Policy 2024. It aims to build India's green hydrogen ecosystem, promote research, innovation, and reduce production costs, boosting sustainable energy solutions.

Coal powered 69.54% of India's electricity in Q1 2026. India added 9,470 MW thermal capacity in FY26, alongside commissioning 2,669 MW BESS and 7,426 MW PSP to enhance grid flexibility and integrate renewables.

A Pune EV charging fire injured one person and damaged two electric scooters, spreading to a residential building. The incident highlights urgent urban safety concerns and the need for safer charging practices amid growing electric mobility.

India has 42.8 MT coal stocks, sufficient for 14 days, meeting thermal power demand. 230.8 GW coal capacity accounts for 69.54% of supply. New thermal capacity (9,470 MW, 2,260 MW) and energy storage (2,669 MW BESS, 7,426 MW PSP) are expanding.

China's LNG imports rose 8.3% in June to 5.68 million tons, tightening global gas markets. Amid Qatari supply disruptions, China seeks long-term, non-Persian Gulf LNG, intensifying competition for cargoes globally.

Crude oil rally to $88/bbl risks polymer price hikes, despite weak Q1 demand. RIL data shows domestic polymer demand down 22% YoY, with PE -31%, PP -20%, PVC -8%. Buyers advised caution.

Delhi's new EV policy (2026-2030) could boost electric two-wheelers 13-14x and light commercial vehicles 14-15x by restricting ICE registrations. It aims for accelerated EV adoption and ecosystem growth.