Petroleum Sector

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

Petroleum reserves can sustain India for 74 days in crisis: Minister Puri

India's strategic petroleum reserve can last 74 days to meet the demand arising out of any global turbulence, Oil Minister Hardeep Singh Puri informed the Rajya Sabha on Monday. Replying to supplementaries during Question Hour, the minister said for any country like India, which is growing at a phenomenal pace, there must be a very viable and secure reserve, so that it is not in a vulnerable situation in the case of global turbulence. He said India has several refineries both in the West coast as well as the East. "According to the International Energy Agency (IEA), today we are the world's third largest consumer of crude oil. We have the world's fourth largest refining capacity - currently around 260 million metric tonne per annum going on to 320 million metric tonne per annum. And, we are also the world's fifth largest exporter of petroleum products. "The strategic petroleum reserve is designed to ensure that in case of total global turbulence, we must have enough stock left to

India's exports of petroleum products touched record high in 2025

This despite West sanctions on Russian oil and Suez Canal hurdles

CGD transportation cost set to come down by ₹1,000 crore annually

PNGRB has cut tariff zones to two and will apply the lower Zone-1 rate for CNG and domestic PNG nationwide, reducing delivered CNG prices by Rs 1.25-2.50 per kg and PNG by Rs 0.90-1.80 per SCM

Govt amends petroleum, natural gas rules for ease of doing business

The Centre has amended the Petroleum and Natural Gas Rules, 2025 to ease exploration and production operations, allow longer leases, speed up approvals and raise penalties for violations

Petroleum exports to US surge in Oct as labour intensive sectors bear brunt

Even as gems, jewellery, garments slump under tariff pressure, energy and telecom exports offset broader decline to the US

Explained: What new labour codes mean for petroleum industry workers

Earlier, safety regulations in this sector relied mainly on the Factories Act, 1948, which provided a limited, factory-centric approach to hazardous industries

Reliance buys 1 million barrels of heavy crude from Kuwait via tender

Reliance halted Russian oil purchases last month after Russian producers Rosneft and Lukoil were sanctioned by the United States

PNGRB plans draft regulations for hydrogen transport and blending

The idea is to ensure the country's gas pipeline network is ready for Hydrogen integration, so as to send a clear signal to the industry that this future fuel can be transported to the market