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Standoff Over Hormuz Hits India Through Surging Crude Prices
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Should India Create A Stabilisation Fund For Petrol, Diesel, LPG?
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To Keep The Oil Flowing: India Turns To Previously Sanctioned Venezuela, Russia And Even Iran
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India’s Crude Imports: Rising Quantity, Falling Prices
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Why India Faces Severe LPG Shortage?
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India’s LNG Regasification Capacity To Go Up By 5 Million Tons
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India To Auction 21 Oil And Gas Blocks In Upcoming OALP-XI Round
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Temporary Customs Duty Exemption For 40 Critical Petrochemicals
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Significance Of GAIL’s LNG Carrier Deal With Alpha Gas
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India’s Rapidly Expanding Solar Capacity
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SEAMEC Consortium Wins ₹3299. 2 Million Contract From ONGC
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CleanMax To Supply 30 MW Hybrid Renewable Power To Shell India Assets
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BPCL Signs MoU For 1.7 MW Rooftop Solar Project At Shirdi Temple Complex
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PNGRB Plans New LPG Pipeline Project
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IndianOil Surya Nutan Solar Cooking System Launch
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Evren Energy
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Dredging Corp Signs Over Rs 20 Billion Fuel Supply Agreement With IndianOil
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Petronet LNG Incorporates MC2 Foundation As Wholly-Owned Subsidiary
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May 8, 2026: Indian Oil Corporation (IOC) is India’s largest oil marketing and refining company. It has seven huge projects under implementation. Click column Special Database for an update of their capex and progress in execution.
May 7, 2026: India’s Petroleum products Import & Export Decline in Quantity In March 2026. Click Special Database for details.
May 6, 2026: The natural gas pipeline sector in India is dominated by state-owned enterprises, with GAIL (India) Limited holding a dominant position in both transmission and marketing. The industry is rapidly expanding toward a "One Nation, One Grid" model, with major operators focusing on connecting LNG terminals to demand centers. Click column Gas Scene for a graphic presentation.
April 27, 2026 | Time To Rework Crude Import Strategy: The bombing cannot destroy Iran’s obsession with enrichment of uranium. For Israel, a nuclear-armed Iran is a threat to its very existence. Iran-Israel rivalry is a reality in West Asia – and that will not disappear in the foreseeable future. Such a situation should normally be a matter of deep concern for India which imports close to 90 per cent of its crude oil requirement. West Asia supplies roughly 45% to 59% of India's total crude oil imports as of early 2026, serving as a primary, though fluctuating, source of energy. The time has come for India to rework its crude import strategy. An ideal option is to strike a major deal with Russia, a country with which India has very good relations. But US president Trump is allergic to India importing Russian oil. What then are the options before India? Click Free Access column Petro Intelligence to read an Insightful piece on the issue.
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India’s LPG usage fell by 16% in April: PPAC data
May 8, 2026: India's LPG consumption fell by over 16 per cent in April as disruption in energy supplies continued due to West Asia conflict and closure of Strait of Hormuz, a key sea trade route.
Provisional data shared by Petroleum Planning & Analysis Cell (PPAC) showed that India consumed nearly 2.2 more..
Highest Dividend Paying Oil PSUs in India 2026: ONGC, IOC, BPCL, HPCL Lead the pack
May 8, 2026: As investors seek stable income in a volatile market, oil Public Sector Undertakings (PSUs) continue to deliver attractive dividends. Backed by strong government ownership and steady cash flows from refining and exploration activities, several oil PSUs have emerged as reliable dividend payers in 2026.
more..
India must integrate crude, gas, LPG and battery storage under one policy: S&P Global’s Gauri Jauhar
May 8, 2026: India needs a comprehensive energy storage policy covering crude oil, LPG, natural gas, battery storage and power systems instead of taking a "piecemeal view" of storage planning, Gauri Jauhar, Executive Director, Strategic Climate & Clean Energy Initiatives, S&P Global Energy and Co-lead of the more..
Adani Green Energy incorporates units to operate in renewable energy space
May 8, 2026: Adani Green Energy Ltd (AGEL) on Thursday announced incorporation of step-down subsidiaries for generating power using clean energy sources.
The new entities have been incorporated by its wholly-owned subsidiary Adani Renewable Energy Sixty Four Limited (ARE64L), AGEL informed the exchanges. more..
GP Petroleums surges as its JV gets LoA worth Rs 740.3 billion from Indian Oil Corporation
May 8, 2026: GP Petroleums’ joint venture (JV) company — Amron Oil Resources has secured Letter of Acceptance (LoA) worth Rs 740.3 billion (including 18% GST) from Indian Oil Corporation.
The LoA is for the supply of Bulk Bitumen (Grades VG-30 & VG40) at Pipavav. The order is to be executed more..
Global Energy Alliance appoints Tanya Singhal to lead India operations
May 8, 2026: The Global Energy Alliance for People and Planet (Global Energy Alliance) has appointed Tanya Singhal as Vice President, India. A renewable energy entrepreneur and climate tech leader, Singhal joins as the Global Energy Alliance expands its work on India’s energy systems and clean power initiatives. Her more..
BPCL, CSIR-CRRI earn record recognition for plastic waste-based road technology
May 8, 2026: Bharat Petroleum Corporation Limited (BPCL), in collaboration with CSIR-Central Road Research Institute (CSIR-CRRI), has received recognition from the India Book of Records and Asia Book of Records for developing a first-of-its-kind roadblock section using technical textile geocells made from end-of-life more..
AAPG Strengthens Geoscience Mission in India
May 8, 2026: India is the world’s third-largest energy consumer and one of the world’s fastest growing economies, with several international oil companies having recently announced plans to relocate technical jobs to the country.
While AAPG has had a longtime presence, the Association has been more..
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Impact of Ukraine war on International LNG trade. Lessons for India
by Dr Bhamy Shenoy
 Russian-Ukraine war has brought about
dramatic changes in international gas and oil sector because of the oil embargo
by the west and gas more...
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Buy Assets In US And Swap Crude With Europe
By R. Sasankan
The
pecking order in the world of oil and gas has changed dramatically: the US has
grabbed the top spot on the totem pole. One recent report summed up the
development succinctly: "December 2023 witnessed an extraordinary surge in US
LNG exports with shipments more...
Cheap Crude Does Not Benefit PSU Refineries
By R. Sasankan
Parliamentarians in India have a heart-warming desire to
shape public policy; the trouble is that in their eagerness to do something -
anything - they can allow the nobility of their intention to smother the
practicality of their proposed interventions. In their zeal more...
Double Trouble
By R. Sasankan
If you ignore history, you are condemned to repeat it.
The stark truth of this aphorism came back to me the other day when I
read a Reuters report that said Indian Oil Corporation was aiming to
double the capacity of its liquefied natural gas more...
Single Agency Needed To Acquire Overseas Energy Assets
By R. Sasankan
India is a country of many paradoxes – and it is this quality that makes
it hard for policy makers to find the right palliative for its myriad
problems. The country is one of the fastest growing economies in the
world and hopes to become a $ 5 trillion more...
Tackling Blowback From Sanctions
By R. Sasankan
India and the US have developed close ties over the past few years as
they perceive China to be a common enemy whose reach and influence must
be circumscribed. On its own, India cannot counter China’s growing
ambitions in the Asia-Pacific region. Likewise, more...
Gas Ratio Target: Time For A Revision?
By R. Sasankan
When Prime Minister Narendra Modi announced his ambitious objective to
raise the contribution of natural gas in India’s energy mix to 15 per
cent by 2030, the experts in the petroleum industry were left astounded
by the boldness of the claim.
more...
Can The Downstream Man Bail Out ONGC?
By R. Sasankan
“New Delhi: Under-investment in the Oil & Gas sector could hamper
India's progress, Arun Kumar Singh, Chairman and CEO of state-owned Oil
and Natural Gas Corp (ONGC), has warned. National Oil Companies around
the world are facing increasing pressure more...
Oil PSUs In Trouble Again
By R. Sasankan
International price of crude oil has risen by 30% in the third quarter
of 2023. Global crude oil inventories are at seasonal lows and
production cuts, announced transparently by OPEC+ till the end of
December 2023 amount to about 3.3 million barrels a more...
Gas Ratio Target: Time For A Revision?
By R. Sasankan
When Prime Minister Narendra Modi announced his ambitious objective to
raise the contribution of natural gas in India’s energy mix to 15 per
cent by 2030, the experts in the petroleum industry were left astounded
by the boldness of the claim.
more...
Tackling Blowback From Sanctions
By R. Sasankan
India and the US have developed close ties over the past few years as
they perceive China to be a common enemy whose reach and influence must
be circumscribed. On its own, India cannot counter China’s growing
ambitions in the Asia-Pacific region. Likewise, more...
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ICIS Highlights US LNG Dominance and Shifting Power Price Dynamics
18th February, 2026: ICIS analysis presented last week at E-World (10-12 February, 2026) shows that Europe’s energy transition is entering a more volatile and politically sensitive phase, spanning LNG and gas supply, power market dynamics and short-term trading behaviour. Click more...
Third Lovraj Kumar Memorial Lecture by Dr Vijay Kelkar
September 19, 2024: Dr Vijay Kelkar’s single biggest contribution is acknowledged to be India’s Goods and Services Tax (GST). He has also made significant contribution to the oil and gas sector. He served as secretary in the Ministry of Petroleum and Natural Gas. The Third Lovraj Kumar Memorial Lecture delivered more...
The Failing Climate Negotiations – And the Need for India’s Leadership in Representing the Global South
 May 16, 2024: Dr Surya P.Sethi, eminent energy expert, wirtes on the Failing Climate Negotiations – And the Need for India’s Leadership in Representing the Global South.
Click more...
Qatar pauses Red Sea LNG traffic: ICIS analyst view
January 18, 2024: Click HERE to read article by Alex Froley, LNG Market Analyst at ICIS, examines the possible effects of ongoing disruptions in the Red Sea on global LNG trade.
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Can LNG replace Russian gas in Europe?
European LNG imports reached a record high in January 2022 and could go a little higher if Russian pipeline gas supply falls, or even stops completely. But the best-connected European LNG terminals are already running at high rates, and limits to cross-border pipeline gas capacity would restrict the wider benefit of higher imports into some... more...
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Speech of Former Petroleum Secretary, T.S. Vijayaraghavan, on Indias Petroleum Sector
Demand & Growth:
India's Crude
Oil demand has risen from 0.65 Million Barrels a day in 1980 to 3.7 Million
barrels and will reach 4 Million by 2016. Internal production is now less than 0.8
Million Barrels a day. It more...
The KG basin price hike socialises costs and privatises profits
Why the Rangarajan Committee's complex pricing formula will inflict heavy burdens on the power and fertiliser sectors and give a private gas producer windfall profits?
The ministry of petroleum and natural gas has proposed to increase the price of natural gas from the Krishna Godavari (KG) more...
Fire From Ice: A Promising New Energy Source
Massive imports of oil and natural gas have exacerbated India’s big trade deficit, which is a hurdle to the acceleration of economic growth. Light at the end of the tunnel comes from a technological breakthrough last week by JOGMEC (Japan Oil Gas and Metals National Corporation). It succeeded in extracting natural gas more...
The Diesel Subsidy Hole
Under-recovery on diesel as per the Indian petroleum ministry website was . 10.94 a litre in February 2012 when the procurement price was . 37.80 per litre ($122.06 a barrel). The diesel under-recoveries are expected to exceed . 750 billion at average price of $95.66 a barrel while total annual shortfall due to fuel subsidies more...
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Mahanagar Gas Appoints Praveer Srivastava As Managing Director
 Mahanagar Gas Ltd. has appointed Praveer Kumar Srivastava as an Additional Director, designated as Managing Director of the company for a period of five consecutive years. Srivastava's more...
BPCL CMD Sanjay Khanna Gets Additional Charge Of Director (Refineries)
 Bharat Petroleum Corporation Limited (BPCL) has announced that its Chairman and Managing Director (CMD) Sanjay Khanna has been entrusted with the additional charge of Director (Refineries). He has taken more...
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On April 10, 2021 www.indianoilandgas.com entered the 28th year of service to the Indian and international oil and gas industry. When the hardcopy version with its masthead, Indian Oil & Gas, came out 28 years ago, India’s petroleum industry was almost totally controlled by the government. India was not rated high either as a producer or consumer of crude and petroleum products. Today, India is the world’s third largest importer of crude and second largest importer of LPG and Asia’s largest exporter of petroleum products. Without violating the government norms regarding dissemination of information, www.indianoilandgas.com has been consistently helping the industry with authentic articles and data on all areas of oil and gas industry.
To download this full article in PDF, click here |
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Time To Rework Crude Import Strategy
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India Should Prepare For $200/Barrel Oil Crisis On War Footing
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No Need To Expand Oil Caverns
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The Bells Toll For India’s Downstream Sector. Is Anyone Listening?
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Evren Secures ~$600 Million Funding For Its FDRE Hybrid Project
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Shell Emerges Top LNG Supplier To India After Qatar Supply Shock
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BPCL Arm To Invest $2.8 Billion In Brazil Oil, Gas Project After Petrobras FID
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Natural Gas Pipeline Operators In India, A Graphic Presentation
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Domestic Natural Gas Scene In FY 2025-26
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Domestic Natural Gas Scene In February 2026
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Domestic Natural Gas Scene In January 2026: Production Down, LNG Import Up
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Natural Gas Price In India In Comparison With Rates In Other Countries
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Already Rising Natural Gas Prices May Surge To New Highs
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India’s Ranking In Natural Gas Consumption
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Domestic Natural Gas Scene In January 2026
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High Volatility In Global Natural Gas Prices
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Gas Flaring in India
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India’s Domestic Natural Gas Scene, A Graphic Presentation
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Volatility In Natural Gas Prices
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Domestic Natural Gas Scene In December 2025
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Domestic Natural Gas Scene In November 2025
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The Rise And Fall Of LNG Imports In Indian Market
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Sectoral Consumption of Natural Gas In India
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IOC’s 7 Huge Projects Under Execution, Their Capex & Progress
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India’s Petroleum products Import & Export Decline in Quantity In March 2026
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India’s Crude Oil Imports Drop In March, OPEC Share Marginally Up, Russia’s Share Unchanged
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Analysis Of Crude Oil Processed By Indian Refineries In March 2026
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Amazing Growth In LPG Bottling Plants In India
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India’s Method Of Estimating Petroleum Products Consumption In Advance
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Changes In India’s Oil Basket
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Petroleum Products Consumption product-wise In FY 2025-26
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Trend In Petroleum Products Consumption During FY 2025-26
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How Much Petroleum Products Did Indian Refineries Produce in the just ended FY 2025-26? How Much Did The Country Consume?
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Indian Refineries Exceed Targets In Crude Processing For FY 2026
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Import, Export Of Petroleum Products Drop In February 2026
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Capacity Utilisation Of Petroleum Product Pipelines In India
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Growth In LPG Marketing In India
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Refining Margins Up In Global Trading Hubs
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A Graphic Presentation Of Production And Consumption Of Petroleum Products During April-January FY 2025-26
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Indian Crude Basket Price In March 2026
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Robust Growth In Petroleum Products Consumption Continues
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IOC’s 7 Huge Projects Under Execution, Their Capex & Progress
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India’s Crude Oil Imports Drop In February 2026
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Domestic Sales Of Commercial Vehicles Sale Register Robust Growth
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Analysis Of Crude Oils Processed By Indian Refineries In February 2026
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GRMs Of Indian Refineries Up During April-December 2025
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