Energy & Petroleum News Today

India’s bitumen market is experiencing supply disruptions and price revisions driven by West Asia geopolitics. Domestic refinery rates reflect a firming trend, with VG30 bulk ranging between ₹68/kg and ₹85/kg across states. Meanwhile, surging raw material costs are stalling municipal and highway road construction projects across major metropolitan hubs.

Base oil prices in India remained mixed as Group I and Group II markets stayed under pressure from ample supply, while Group III prices strengthened due to tight global availability. Brent crude traded around $96.27/bbl, and shipping disruptions through the Strait of Hormuz continued to impact import availability and freight costs.

Indian bitumen prices remain firm as geopolitical tensions in the Middle East continue to disrupt supply chains. Iran's bitumen exports have nearly stopped due to the closure of the Hormuz Strait, while rising crude oil prices are supporting market sentiment. Buyers remain cautious as supply uncertainty keeps prices elevated across India.

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.

Bitumen prices in India remain firm as Brent crude trades above $108/bbl and refinery prices stay elevated across key locations. Supply concerns linked to Middle East disruptions and rising infrastructure demand continue to support the market. Government interventions and refinery expansions are expected to influence bitumen availability and pricing in the coming months.

India's bitumen market remained firm despite a sharp correction in Brent crude prices, as supply-side disruptions, elevated freight costs, and constrained vessel availability continued to support prices. While easing geopolitical tensions reduced the oil risk premium, cautious buying during the monsoon and delayed Persian Gulf cargo arrivals kept procurement activity subdued.

Base oil prices in Asia have softened from April highs as crude oil and feedstock costs eased, improving supply availability across Group I and Group II grades. However, Group III base oil prices remain elevated due to Middle East production disruptions and supply shortages. Indian buyers remain cautious amid monsoon-driven demand uncertainty.

Bitumen prices in India remained firm during June 2026 as supply concerns linked to the Strait of Hormuz disruptions and rising logistics costs supported market sentiment. Government interventions, contractor compensation measures, and continued infrastructure activity are keeping demand resilient despite procurement challenges and elevated bitumen prices across major regions.

Bitumen prices in India remained elevated across major refinery locations amid supply concerns linked to geopolitical tensions and strong infrastructure demand. Rising project costs have prompted government intervention in multiple states. While road construction activity faces challenges from higher input costs, demand fundamentals remain supported by ongoing infrastructure investments.

Bitumen markets remained stable-to-firm this week as Middle East supply uncertainties, refinery competition in Iran, and rising infrastructure activity supported sentiment despite weak crude oil prices. Indian refiners maintained stable pricing, while import dependence increased amid vessel sanctions and rupee depreciation. Procurement activity improved gradually across infrastructure projects, with logistics disruptions continuing to influence regional supply planning decisions.