Despite a ceasefire ending the Iran war and reopening the Strait of Hormuz, experts warn global oil and gasoline prices may remain elevated for months. Shipping delays, stranded tankers, production restarts, security concerns and supply chain disruptions will slow energy market recovery worldwide
Prime Minister Narendra Modi will review petroleum, power and fertiliser sectors amid the West Asia crisis, focusing on supply stability. The government is monitoring global disruptions caused by conflict impacting energy flows through the Strait of Hormuz
The State recorded its highest-ever peak demand of 15,573 MW at 7.30 am on Thursday, which is the highest demand met during the current financial year.
