Energy & Petroleum News Today

In September, India's petrol and diesel sales rose 7.2% and 4.9% year-on-year driven by vehicle demand and irrigation needs, while ATF remained flat and LPG sales dropped 9%.

President Donald Trump is considering a diesel export ban to lower high energy prices, though he acknowledged the move could create negative consequences for gasoline markets.

Asia-Pacific will drive 75% of global power demand growth through 2035, fueled by industrialisation and urbanisation. Meanwhile, China's coal capacity is set to peak by 2030 amid surging renewables.

Kuwait-backed Nghi Son refinery is selling 8,000 metric tons of polypropylene internationally, achieving 125% operational efficiency and boosting KPC's strategic global petrochemical growth.

Leading automakers in India are expected to launch flex-fuel vehicles capable of running entirely on 100% ethanol within the next one to two months, advancing the country's green mobility transition.

India's Rs 84,084 crore Samudra Manthan initiative aims to boost deepwater offshore hydrocarbon exploration, but overcoming structural deterrents, regulatory hurdles, and high financial risks remains crucial for attracting investors.

The petroleum ministry will intervene to stop private refiners like Jio-bp and Nayara Energy from capping diesel sales, declaring such restrictions unacceptable.

Former Cabinet Secretary Rajiv Gauba emphasized stronger regulation, market reforms, and expanded domestic exploration to enhance India's energy security and achieve the Viksit Bharat 2047 vision.

Heavy rains and cooler weather plunged India's exchange power prices near-zero in late September. Average real-time market prices fell 13.3% to Rs.2.75 a unit, challenging renewable energy producers.

The Haryana Electricity Regulatory Commission rejected power distribution companies' petition to recover Rs 1,134.54 crore under FPPAS, sparing 84 lakh consumers from inflated electricity bills.