India aims to import about 10% of its LPG from US starting 2026: Report (Business Standard)
India is set to source around 10% of its LPG imports from the US starting 2026, marking a strategic shift to diversify energy supplies and reduce dependence on West Asia, which currently accounts for over 90% of the country’s 20.5 million tonnes of LPG imports. The move follows China’s tariff on US propane and is supported by India’s plans to scrap import duties on US propane and butane, aligning with its broader goal of boosting US energy purchases to $25 billion and achieving $500 billion in bilateral trade by 2030. With LPG demand expected to rise to 23 million tonnes by 2026 and longer-term growth projected at 2.5% annually, this shift helps India manage freight risks, tap into pricing arbitrage, and ensure supply security amid evolving geopolitical dynamics.
BRICS nations ‘condemn and reject’ Europe’s carbon-based import duties (The Indian Express)
In their strongest stance yet, BRICS nations have sharply condemned the EU’s Carbon Border Adjustment Mechanism (CBAM), calling it a unilateral and discriminatory trade barrier that violates international climate and trade agreements and hampers developing countries’ economic growth and green transition. The grouping stressed that such measures—imposed under the guise of environmental protection—risk diverting critical resources from climate action, especially when developing nations already face a financing gap of over $1.3 trillion annually, far exceeding the current $100 billion pledged by developed nations. BRICS also demanded a substantial scale-up in climate finance, particularly for adaptation, urging that support be grant-based and debt-free to ensure equity and effectiveness for vulnerable economies.
EV Sales Surge 29% To 1.8L Units In June: FADA (The Times of India)
India’s electric vehicle (EV) market witnessed robust growth in June 2025, with total EV sales rising 28.6% year-on-year to 1,80,238 units, led by a nearly 80% surge in electric passenger vehicle sales, which climbed to 13,178 units from 7,323 in June 2024. The share of e-passenger vehicles in the overall EV market rose to 4.4%, while electric two-wheelers and three-wheelers also posted strong growth of 31.7% and 15.8%, respectively—together making up over 90% of total EV volumes. Notably, electric commercial vehicle sales more than doubled with a 122.5% jump, reflecting increasing adoption of EVs across all segments.
