Energy & Petroleum News Today

Kremlin stated India will continue buying Russian oil for economic benefit, despite U.S. pressure and Trump's August decision to double tariffs on Indian goods to 50% over the purchases. Putin offered uninterrupted supplies.

Bitumen prices in India remain stable despite sluggish construction activity and abundant supply. Extended monsoon delays and elevated port inventories have created a buyer-friendly market. New capacity additions and improved logistics are enhancing availability, especially in the South and East. Prices are expected to remain rangebound unless unexpected refinery disruptions emerge.

Punjab CM Bhagwant Mann invited Korean firms (Daewoo E&C, GS E&C, Nongshim) to invest in renewable energy, infrastructure, urban development, modular construction, green hydrogen, and food processing, including new instant noodle flavors, in the state.

TNERC approved TNPDCL's 5-year procurement of 1,000 MW RTC power to meet Tamil Nadu's rising demand. Peak demand hit 20,830 MW, projected to reach 35,507 MW by FY 2034-35. This ₹6,143 crore deal ensures stable, cost-effective supply.

Rajasthan boosts rooftop solar under PM Suryaghar, with 1.09 lakh plants installed. Jaipur leads with 15,932. Monthly 10,000+ installations, supported by ₹17,000 subsidy and 5.75% loans, aim for state leadership.

Rajasthan showcased its leadership at the Global Energy Leaders Summit 2025, highlighting 2,470 MW decentralized solar success under PM-KUSUM and 6,000 MWh energy storage development, positioning itself as a model for renewable energy.

India's EV charging market is rapidly expanding, projected from 1.56 million units in 2025 to 11.58 million by 2035 (22.20% CAGR). Driven by policy, adoption, and investment, it's crucial for clean mobility.

CSERC approved M/s Rituraj Steel's request on Dec 4, 2025, for open access exemption for its 0.5 MW AC captive solar plant without a dedicated feeder, subject to conditions accepted by the company.

India secured USD801m from ADB for four projects: USD500m for Maharashtra's solar power, USD190.6m for Indore Metro, USD109.97m for Gujarat skills, and a USD1m grant for Assam's wetland project.

Arunachal Pradesh launched its first commercial coal block, targeting 0.2 million tonnes per annum production and Rs 1.75 billion annual revenue. This initiative will create jobs, boost economic growth, and strengthen regional development under Viksit Bharat.