Global oil producers have 9 million barrels per day of spare capacity amid muted demand. ONGC Chairman Arun Singh highlighted that the world is shifting towards an era of plenty. With surplus capacity, exploration is being scaled back, yet India must continue exploring due to import dependency.

Reliance BP Mobility CEO Harish Mehta stated that the government will continue intervening in domestic fuel pricing to protect consumers from international market fluctuations. While petrol was deregulated in 2010 and diesel in 2014, recent events have disrupted this alignment.

BHEL and Adani Energy Solutions have partnered to develop a 6,000 MW HVDC transmission system from Bhadla, Rajasthan to Fatehpur, Uttar Pradesh, aimed for completion by 2029. This project supports India’s goal of achieving 500 GW of renewable energy by 2030 and will enhance grid stability and renewable energy integration.

The Supreme Court has asked the Environment Ministry if the deadline for Delhi’s ‘Category C’ power plants to comply with sulphur dioxide emission standards can be advanced from December 31, 2029. The bench led by Justice AS Oka aims to prevent repeated deadline extensions. Additionally, questions were raised regarding reclassification of thermal power plants within 300 km of Delhi.