July 21, 2026: India’s FY begins on April 1. During FY 2025-26, India’s domestic crude production dropped even as the crude production from the overseas assets of Indian companies went up, enhancing the share of overseas production as percentage of domestic production. Click column Special Database for details.

July 20, 2026: Petroleum Products Consumption Drops In June, Click column Special Database for product-wise details.

July 9, 2026 | Competitive Pricing Of Oil And Gas Eluding Indian Consumers: Adjusted for local incomes and currency buying power, India's petrol is the third-most expensive globally (behind Sudan and Laos). India's Liquefied Petroleum Gas (LPG) price has been cited as the highest globally when measured via PPP conversion rates. There is a growing angst among motorists over the fact that petrol and diesel prices in India do not rise and fall in sync with global crude prices. The state-run retailers have been loath to pass on the benefits of crude price reductions on the ground that they have not been able to fully recoup their "under recoveries". Since June 2017, the OMCs are expected to review and revise retail fuel prices on a daily basis based on a 15-day rolling average of international benchmark prices. But the market-determined pricing regime has never worked in a manner where the oil retailers were given a complete free hand. Pricing decisions are sensitive and the government has been able to nudge the state-run companies to operate within a limited area of freedom. The ruling party usually decides the politically convenient date to raise domestic retail prices. As a result, the oil marketing companies often suffer losses when they are prevented from recovering costs. Click Free Access column Petro Intelligence to read an insightful piece on the subject.