Energy & Petroleum News Today

External Affairs Minister S. Jaishankar visited Bhutan, launching key projects including a 500 kW hydropower plant, UPI Phase-II, electric vehicles, and infrastructure to strengthen bilateral ties and regional development.

Union Minister HD Kumaraswamy stated that PM Modi's Viksit Bharat 2047 vision drives India's EV push, supported by schemes like PM E-DRIVE with Rs 11,900 crore allocation and PLI initiatives.

Karnataka booked 101 petrol pumps and fined them ₹6.66 lakh after inspections revealed faulty nozzles delivering less fuel than permitted, prompting calls to withdraw a two-year verification rule.

IPPAN urged Nepal's government to declare flood-hit hydropower projects in the Bhotekoshi-Trishuli corridor as special cases, demanding a dedicated relief package, reconstruction fund, and policy concessions following the August 26 disaster.

Indian bitumen prices remain elevated as crude oil has moved back above $100/bbl amid escalating Middle East shipping and infrastructure risks. Domestic supply is also facing availability constraints, while the post-monsoon road-construction cycle is expected to revive demand; this combination keeps the near-term market firm despite current weather-related execution delays.

External Affairs Minister S. Jaishankar launched the second phase of international UPI for Bhutanese visitors to India, handed over 54 electric vehicles, and inaugurated key health and energy projects.

Pennsylvania faces rising energy demands and high fuel costs driven by A.I. data center growth, severe weather alerts, and stricter environmental and safety regulations across the state.

The US proposed a bill threatening up to 100% tariffs on major Russian oil buyers like India, which imported 2.08 million barrels per day in August, while carving out exemptions for nuclear imports.

Chinese EV brands maintain dominance in Asia despite taxes, while VinFast develops affordable models for India amid losses. China targets 70 percent NEV penetration by 2030, outpacing schedules.

In August, India's crude oil imports fell 3% to 19 MMT, but the import bill surged 18.2% to $11.7 billion as average basket prices rose to $90.19 per barrel, keeping the net import bill steady at $9.3 billion.