AGP Executive Report
Last update: an hour agoAviation Fuel Shock Shield: India’s cabinet approved a ₹10,000 crore (about $1bn) jet fuel price stabilisation fund to cap costs for airlines as West Asia tensions keep jet fuel prices elevated. Ethanol Push for Energy Security: Maruti Suzuki launched India’s first flex-fuel Wagon R (E20–E100), while the government plans E85 rollout—starting with 50–100 stations in Delhi-NCR, Mumbai, Pune and Nagpur, scaling to 500 by end-2026 and 5,000 by end-2027. Hydrogen Storage Pilot: Payal Industrial Park and Fourier will deploy hydrogen-based long-duration storage at Dahej, aiming for week-plus clean power for industrial operations. Energy Diplomacy Diversifies Supplies: Venezuela’s acting president Delcy Rodríguez met India’s Modi and officials, with oil talks focused on expanding crude supply as India seeks alternatives amid Strait of Hormuz disruption. Regional Power Transition in Malaysia: Tenaga Nasional (TNB) says ESG-led operations helped it secure an upgraded AA MSCI rating and delivered 4.3GW of installed renewables, as grid modernisation and data-centre demand drive investment. Quad Energy-Critical Minerals Signal: US Secretary of State Marco Rubio said a Quad leaders meeting is targeted by year-end, building on recent cooperation on stable energy and critical minerals. LPG Under-Recovery Persists: India’s LPG supply is stable, but oil firms still face near-₹700 under-recovery per cylinder, despite higher domestic output and imports.
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