Policy
India’s Crude Oil Import Cost UpBy 48% So Far This Year
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India Explores UAE As Key LNG, LPG And Crude Supplier
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GAIL Continues To Seek Equity Stake In US LNG Project
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Oil India Opts For Deepwater Drilling s New Exploration Strategy
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Rs 144.7 Billion Profits Predicted: State-Owned OMCs In For Remarkable Q2 Recovery
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Regulation
Saudi, UAE Keen To Invest In India’s Refinery Sector
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Rising LPG Supply Cost Creates A Fresh Problem For Govt.
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Petrol Pump Operators’ Agitation Over MDR Issue
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India’s Trade Shift Makes U.S Major LPG Import Source
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Alternative Energy / Fuel
India Achieves 300 GW Non-Fossil Fuel Power Capacity
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New Projects
RIL Proposes Underground Coal Gasification Complex In AP
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Mahanagar Gas Commissions Pipeline In Mumbai
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Market Watch
IOC- Jindal Stainless Extend Lubricant Supply Pact
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Companies
Actis
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Actis Announces Launch Of Renewable Energy Platform
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Simplex Infrastructures Gets Oil India Drilling Contract
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Repono Gets Railway Approval For Petroleum Terminal
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Press Release [FREE Access]
Latest Exclusives
October 13, 2026: Analysis Of Crude Processed In Indian Refineries In August 2026. Click column Special Database for details. 

October 12, 2026 | Is India Bartering Away Its Heft?: India is the third largest importer of crude oil after China and the United States. It is also the second largest importer of liquefied petroleum gas (LPG) after China, and the fourth largest importer of liquefied natural gas (LNG). And here is the curious paradox: India is the second largest exporter of refined petroleum products by value after the US. Moreover, it is the largest exporter of refined petroleum in Asia. This raises the question: whose energy security are we really protecting? Indian consumers are clearly not benefiting at all if the country’s refineries are merely processing crude oil primarily for exports of petroleum products. Worse, they are being forced to shoulder the burden of rising fuel taxes to shore up the country’s treasury. India has the world’s fourth largest crude refining capacity which enables it to process critical fuels like diesel, petrol, and aviation turbine fuel. A number of energy experts have now started to wonder whether the thrust on exports has compromised the interests of the Indian consumer. Click Free Access column Petro Intelligence to read an insightful piece on the subject.

In Column Policy:

  • India’s Crude Oil Import Cost Up By 48% So Far This Year
  • India Explores UAE As Key LNG, LPG And Crude Supplier
  • GAIL Continues To Seek Equity Stake In US LNG Project
  • Oil India Opts For Deepwater Drilling As New Exploration Strategy
  • Rs 144.7 Billion Profits Predicted: State-Owned OMCs In For A Remarkable Q2 Recovery
In Column Regulation: 
  • Saudi, UAE Keen To Invest In India’s Refinery Sector
  • Rising LPG Supply Cost Creates A Fresh Problem For Govt.
  • Petrol Pump Operators’ Agitation Over MDR Issue
  • India’s Trade Shift Makes U.S Major LPG Import Source
There are exclusive reports in other columns as well.
Today's News [FREE Access]
U.S. Senators question legality of Trump’s decision to allow Russian oil imports
October 13, 2026: A bipartisan group of U.S. Senators have questioned the legality of President Donald Trump’s decision to allow diesel imports from Russia, contending that it ran counter to a law banning such trade till Moscow ends the war in Ukraine. On Friday (October 9, 2026), after a phone call with   more..


India awaits how Trump will route diesel buy from Russia
October 13, 2026: India is studying and reviewing President Donald Trump's announcement of the US decision to purchase diesel from Russia, even as Washington threatens to impose 100% tariffs on India under the Russia and Iran Sanctions Act for purchasing Russian oil. Trump's decision to purchase Russian   more..


Oil shock: Indian refiners pay $127/barrel of crude; OMC under recovery Rs 5.30 billion a day
October 13, 2026: Is another round of hike in retail prices of petrol and diesel imminent? It seems such a decision might not be far off, considering the constant rise of the average price of crude oil in October. The average price of the crude oil that Indian refiners are buying this month has reached a $127.04. Needless to   more..


Technip Energies awarded large EPC contract by HPCL for Mumbai refinery modernization project in India
October 13, 2026: The Engineering, Procurement and Construction (EPC) contract concerns the Lube Modernization and Bottom Upgradation (LMBU) project led by Hindustan Petroleum Corporation Limited (HPCL) at its Mumbai refinery in Maharashtra State, India. Technip Energies must deliver an integrated hydrocracking   more..


IndianOil Launches MT IRIS, Plans Four More Vessels to Strengthen Andaman Fuel Supply
October 13, 2026: Indian Oil Corporation Limited (IOCL) has launched a new barge, MT IRIS, to strengthen petroleum transportation to the Andaman and Nicobar Islands, while the administration is exploring the deployment of four additional vessels, expanded LPG storage capacity and new distributors to improve the reliability of   more..


MRPL, Chennai Petroleum shares in focus as crude tanker freight rates surge to record $1.3 million per day
October 13, 2026: MRPL and Chennai Petroleum face potential pressure on refining margins as record crude tanker freight rates, higher crude premiums and concerns over diesel spreads raise operating cost risks for Indian refiners. Shares of Mangalore Refinery and Petrochemicals Limited (MRPL) and Chennai   more..


India shields city gas users as Hormuz crisis threatens South Asia’s LNG demand
October 13, 2026: India has protected city gas supplies by curbing deliveries to fertiliser plants, refineries and industrial users as the Middle East conflict disrupts liquefied natural gas (LNG) shipments, while South Asia's overall LNG demand is now expected to fall by about 6 million tonnes in 2026, consultancy Wood   more..


India’s battery energy storage sector set for 91% growth to 302GWh by FY32E: Nuvama
October 13, 2026: India's Battery Energy Storage System (BESS) sector is projected to register a compound annual growth rate (CAGR) of 91 per cent between FY26 and FY32E, according to a recent report by Nuvama. The expansion reflects a critical infrastructure cycle designed to support renewable integration, grid   more..

Petropulse / Guest Column
Lessons for Indian Oil Sector from Iran-US/Israel war
by Dr Bhamy Shenoy Bhamy ShenoyAugust 26, 2026: Soon after the West Asia war started, many oil pandits (including me) forecasted oil prices jumping to $200 per barrel from more...

IOG Exclusive
Time To Review Crude Sourcing Strategy
By R. Sasankan The petroleum industry is in a state of ferment. As the geopolitical crisis escalates and the world economy starts to slow down, the demand-supply equation in crude oil has been thrown out of kilter.  Crude oil prices have started to more...

India should establish an autonomous Energy Institute
by Bhamy V. Shenoy* Soon after the start of Israel-US versus Iran war on February 28 and the blocking of strait of Hormuz, global oil supply was reduced at least by over ten million barrels per day based on IEA report. Magnitude of the supply loss was far worse than during the more...

Time To Rework Crude Import Strategy
By R. Sasankan The war in Iran has dragged on for more than six weeks - longer than President Donald Trump had anticipated. A brittle two-week ceasefire has settled over the conflict zone as negotiators from both sides prepare to resume peace talks with the outcome uncertain more...

India Should Prepare For $200/Barrel Oil Crisis On War Footing
By Bhamy V. Shenoy The oil shock from the US-Israel war against Iran affecting every country excepting Russia is the worst one by any standard. Still, international oil market has managed reasonably well so far in terms of oil prices. After a month, oil prices have gone up only more...

No Need To Expand Oil Caverns
By R. Sasankan The war in Iran has entered the third week, triggering a massive disruption in oil and gas supplies through the Strait of Hormuz. Over a quarter of the world's oil supplies flow through the critical chokepoint in the Persian Gulf. There is no indication when the more...

The Bells Toll For India’s Downstream Sector. Is Anyone Listening?
By R. Sasankan The alarm bells have gone off in India's petroleum industry after a recent report prepared by Integrated Global Services (IGS) claimed that the country's downstream oil and gas industry is close to breaking point because of its ageing energy infrastructure more...

Trump’s War Against Climate Change: Is It Worse Than Attack On Ukraine And Gaza?
by Bhamy V Shenoy In what way the above title has any relevance to readers who are interested in oil and gas sector or energy sector in general? This is an obvious question. I should be able to convince the doubters easily. I asked AI a question: What more...

Andaman Basin: Time to Dial the Russians
By R. Sasankan India's upstream companies are swarming all over the Andaman Basinto find oil and natural gas reserves in what promises to become the country's new energy frontier. The buzz around the Andamans basin - which lies in the junction between the Indian more...

Why Fuel Prices Won’t Fall When Crude Rates Sink
by R. Sasankan  There is an unexplained Paradox in India's petroleum sector: when global crude oil prices tumble, consumers are robbed of their legitimate benefits at the pump. Oil refiners coolly pocket the resulting profits, and the government actively supports that more...

Natural Gas: Little Glimpse Of The Dream
By R. Sasankan Greek mythological figure Sisyphus was condemned by the gods to an eternal punishment where he must push a large boulder up a mountain, only for it to roll back down to the bottom just as it nears the top. The plight of India's energy planners more...

Special Reports
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
Surya P. SethiMay 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. more...

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...

Views
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...

Personalities
S Kumar Appointed As MD & CEO, Petronet LNG
Petronet LNG Limited's board has approved the appointment of Sanjay Kumar, Director (Marketing) at GAIL (India) Limited, as the company's next Managing Director (MD) and Chief Executive Officer (CEO). Kumar will take charge on May 13, 2027, when the post falls vacant, the company said in a stock exchange filing. The more...

Tenure Of Vinod Seshan Extended For Two Years
The Appointments Committee of the Cabinet (ACC) has extended tenure of Vinod Seshan, Joint Secretary, Ministry of Petroleum & Natural Gas for a period of two years beyond 08.03.2027. Vinod Seshan is an Indian Administrative Service officer of the 2008 batch from the Assam-Meghalaya cadre. He is currently serving as Joint more...

Nalini Malhotra Selected As Member PNGRB
Nalini Malhotra has been selected as a new member of the Petroleum and Natural Gas Regulatory Board (PNGRB). Currently she is an Executive Director of Finance and Accounts at GAIL (India) Limited. Her previous roles have been Chief Financial Officer at GAIL Gas Limited and Senior Manager (Treasury) at GAIL. more...

Rajeev Kumar Is Government Nominee Director In GAIL
GAIL (India) Ltd has appointed Rajeev Kumar as a Government Nominee Director on its Board, effective October 1, 2026. The appointment is for a period of three years, or until further orders, or on a co-terminus basis, whichever is earlier. Shri Rajeev Kumar is an Indian Statistical Service officer of the 2006 batch. He more...

Indian Petro Scene - In a Nutshell
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.

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Petro Intelligence [FREE Access]
Is India Bartering Away Its Heft?
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Concerns Over Rising LNG Prices Deepen
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LPG: Need To Find Ways To Avoid Future Shocks
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India Must Face Down Trump’s Tariff Threats
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Foreign Investment
Sumitomo To Participate In Renewable Energy Project In India
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Overseas Investment
BPCL Readies $3-Billion Bond ToFund Brazil Oil Project
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Gas Scene
Domestic Natural Gas Scene In July 2026
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Who Owns How Much Share In India’s Natural Gas Pipelines
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India Diversifying LNG Import Sources
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Indian Natural Gas Spot Price for Physical Delivery
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Domestic Natural Gas Production Exceeding Targets?
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Where Does India Figure Globally In LNG Imports?
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A Graphic Presentation Of Domestic Natural Gas Scene in June ’26
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Global Natural Gas Price Trends
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India’s City Gas Distribution (CGD) sector is expanding rapidly
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Updated Graphic Presentation of India’s Natural Gas Consumption and Import Dependency
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Dismal Domestic Natural Gas Scene In June 2026
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India’s Rising LNG import, Rusting Capacity Of Many LNG terminals
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Domestic Natural Gas Scene In May 2026
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Sector-Wise Consumption Of Natural Gas In India
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CGD Sector’s Increasing Share In India’s Natural Gas Consumption
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Data Section
Monthly Upstream Data
Monthly Downstream Data
Historical database
Data Archives
Special Database
Analysis Of Crude Processed In Indian Refineries In August 2026
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BPCL’s Financial Performance Standalone, Consolidated During FY’23 To FY’26
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Consumption Growth Of Petroleum Products Drops In August 2026
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Fall In Import, Export Of Petroleum Products In August 2026
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Diverging Views On Global Oil Demand
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Indian Crude Basket Price In August 2026
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Oil India’s Healthy Reserve Base, Growth In Acreage, Exploratory Drilling
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Diesel’s Dominant Position In Petroleum Products Consumption In India
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Analysis Of Petroleum Products Consumption Trend During The Current FY
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India’s Crude Oil Import Drops In August, 2026
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Refill Affordability Problem Hits PMUY LPG Scheme
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Feedstock-wise Ethanol Production In India
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BPCL’s Three Major Refinery Projects In Progress
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Share Of Various Products In Overall Petroleum Products Consumption In FY 26’
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Specific Energy Consumption In India’s State-Owned Refineries
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India’s Growing Petroleum Marketing Infrastructure
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Increasing Popularity Of PMUY LPG Program
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Tenders [FREE Access]
ONGC
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Vedanta Oil and Gas
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