Import of this grade of crude jumps 14% in a month to record high
City gas distribution (CGD) utilities were among the first to feel the impact of rising fuel prices on demand last year after customers deserted them for alternative fuels
Urals crude has passed the trading price cap imposed by the G7 but supplies to India may sail through largely unscathed. Here's why
Lack of oil pricing reform is yielding supernormal profits for state-owned companies but hindering global majors from investing
The slowdown could impact India's net zero targets
India paid around $70 per barrel in May for Russian crude on a delivered basis, according to Indian Customs data
They have ambitious targets, but are still to outline how they'll get there or their funding plans
Russia now accounts for a little less than half of India's oil imports but the current political instability raises serious questions about the long-term reliability of supply
Sharp cutbacks in the incentive scheme is likely to put the brakes on this market
Russian oil supplies exceeded the combined shipments of the next six biggest shippers, including Iraq, Saudi Arabia, Mexico, UAE, Kuwait and the US in May
Global oil prices have slumped and India has access to larger amounts of discounted Russian crude oil, yet refiners are not passing on their savings to consumers
Uncertainty over direction of govt policies is slowing investments and purchases; vehicle and ancillary makers need 5-year policy perspective to take investment calls, say industry experts
EU's threat to sanction India for exporting petroleum products to its member-nations based on cheap Russian crude will not be an existential risk
With demand soaring on the back of faster economic growth, the country's transport ecosystem will find it tough to transition from fuel anytime soon
Target that we have set is 60 gigawatts (Gw) of renewables by 2032. The broader objective is that our renewables should be as large as or close to our coal-based portfolio by 2032 - Bhargava
Like tobacco major, the state-owned power generator and fuel retailer are seeking to transition from toxic fossil fuel businesses to green energy but rely on those margins to grow these new ventures
"The broader objective is that our renewables portfolio should be as large or as close to our coal-based portfolio by 2050," said NTPC Green Energy CEO Mohit Bhargava
US supplies were one the biggest casualties of Russian inroads into India's crude oil market
India's latest tendering target is a case of ambition overtaking the policy environment for doing business
Russian oil now trades above the G-7 price cap, leaving India searching for creative solutions to fill the breach