AGP Executive Report
Last update: 11 hours agoEnergy Prices & Supply Security (West Asia): With the Strait of Hormuz still under pressure, global oil and gas markets remain jumpy, and governments are leaning on buffers and policy moves to protect consumers. India Fuel Measures: India’s Petroleum Ministry says it has “more than adequate” petrol and diesel supplies and points to public-sector OMCs acting as shock absorbers, even as losses mount. LPG Reserves Directive: India has ordered state oil firms to build LPG reserves equivalent to at least 30 days of national demand to reduce vulnerability to shipping disruptions. CNG/PNG Cost Pressure (Mumbai): Mahanagar Gas hiked Mumbai-area CNG by ₹2/kg to ₹86 and raised piped gas by ₹0.5/SCM to ₹52, blaming higher procurement costs tied to West Asia. Market Transparency (New Zealand): Parliament passed a Gas (Market Transparency) Amendment Bill to improve timely, reliable gas data as reserves tighten. Crypto/Infrastructure Glitch (Sui): Sui’s mainnet stalled twice after a v1.72 upgrade due to a gas accounting issue affecting Address Balances and gas fee logic. EU Storage Warning: EU gas storage sits near historic lows heading into summer, raising winter security concerns if disruptions persist. Corporate/Regulatory: India’s SEBI fined Suzlon Energy and promoters ₹28.95 crore over alleged misleading financial statements. Geopolitics & Energy: IMF/World Bank/IEA/WTO warned the Middle East war is draining oil inventories and raising risks to energy security and the wider economy. Local Disruption (Haiti): A gang seized Haiti’s EDH Power Plant #2 in Carrefour, cutting power to the Port-au-Prince grid and worsening an already fragile electricity situation.
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