Petroleum Sector

No decision taken yet to raise ethanol blending beyond current 20%: MoS

The government has not yet decided to raise ethanol blending in petrol beyond the current 20 per cent level, Minister of State for Petroleum and Natural Gas Suresh Gopi told the Rajya Sabha on Monday, adding that any future increase would follow further scientific study and consultation with industry. "So far, no decision has been taken by the government for increasing ethanol blending with petrol beyond 20 per cent," Gopi said in a written reply to a question. Any move higher would come "only after detailed scientific and technical studies and consultations with all relevant stakeholders, including automobile manufacturers, Oil Marketing Companies and research institutions," he said. Gopi said India reached the 20 per cent blending target five years ahead of schedule, with average blending rising from about 1.53 per cent in 2013-14 to 20 per cent in the 2025-26 supply year, after more than two decades of phased rollout. Since 2014-15, he said, the programme has saved over 1.97 ...

ONGC to build 1.75 MT strategic petroleum reserve at Mangalore

ONGC has approved a 1.75 MT strategic petroleum reserve in Mangaluru, expanding India's emergency oil storage capacity amid heightened global supply risks

40-day oil buffer plan enters action phase with five new SPR projects

The West Asia crisis has intensified concerns over India's ability to withstand global oil supply disruptions

Back to the cradle of India's oil industry amid Northeast energy push

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It's time for India to bite the bullet on fuel price liberalisation

There is no alternative but to give the correct pricing signal to the market and consumers. Appeals and calls for conservation won't work

India's fuel exports fall to lowest level since 2022 on West Asia crisis

The government has imposed a special additional excise duty to discourage exports. Crude oil supplies are lower, so is refining throughput

Govt has no proposal for financial support to state-run fuel retailers

Indian state fuel retailers have raised prices for liquefied petroleum gas for industrial customers and jet fuel rates for foreign carriers

Electronics exports catching up with oil products, shows govt data

India's electronics exports surge on smartphone demand, narrowing the gap with oil shipments to a record low and reshaping the country's export mix

PNGRB extends national PNG drive till June, boosts compliance measures

Regulator extends PNG drive till June 2026 to accelerate CGD rollout and meet rising demand amid LPG supply concerns and push for cleaner energy adoption

Why Iran war has forced India to bring kerosene back to the kitchens

Kerosene, once widely subsidised and used in India, was phased out with LPG expansion; now, amid global supply disruptions, the fuel is making a temporary return to households

Why taxes on petrol and diesel remain India's most reliable revenue cushion

Petrol and diesel remain outside the GST framework, giving governments flexibility to impose excise duty, cess and VAT without the constraints of tax sharing

Land acquisition for SPR expansion projects at advanced stage: Govt

Government says land acquisition for strategic petroleum reserve projects in Odisha and Karnataka is progressing, as energy security gains focus amid global uncertainties

Govt orders strengthening of natural gas infra amid supply constraints

Iran conflict has disrupted shipping and gas supplies, including by the near-closure of the Strait of Hormuz, which serves as aconduit for 40% of India's crude oil imports

LPG shortage: India pivoting towards US for supply, says S&P Global Energy

India's domestic production supplies about 41 per cent of the country's LPG demand, while the remaining volumes are imported

How India can kick the West Asian oil habit by boosting ethanol use

Surplus ethanol capacity and rising geopolitical risks revive calls for higher blending targets as India weighs E30, flex fuels and even E50 to bolster energy security

India 'well stocked' with crude oil to meet supply disruptions: Puri

India holds around 25 days of crude and petroleum products and may diversify crude sourcing as the Strait of Hormuz faces disruptions, Oil Minister Puri said

Govt to raise ₹16.3K cr by monetising oil and gas assets in next four years

The Centre plans to monetise DSFs, storage assets, GAIL Gas equity and dark fibre leases to raise Rs 16,300 crore by FY30 as part of NMP 2.0, targeting both midstream and upstream segments

India's oil PSUs spent 81% of FY26 capital expenditure target until January

India's state-run oil companies have spent Rs 1.07 lakh crore - 81% of their FY26 capex target - by January, driven by aggressive investments in exploration, production and refinery expansion

Higher crude prices and expansion plans may weigh on OMC performance

Rising crude costs, reduced access to discounted Russian oil and heavy capex may pressure OMCs, though strong GRMs, demand growth and LPG subsidies support profits

PNGRB approves guidelines for CBG injection in gas pipeline, CGD networks

New guidelines for CBG injection into pipelines and CGD networks aim to improve project viability, ensure safe integration and accelerate green fuel scale-up