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India’s Crude Oil Import Cost UpBy 48% So Far This Year more...
India Explores UAE As Key LNG, LPG And Crude Supplier more...
GAIL Continues To Seek Equity Stake In US LNG Project more...
Oil India Opts For Deepwater Drilling s New Exploration Strategy more...
Rs 144.7 Billion Profits Predicted: State-Owned OMCs In For Remarkable Q2 Recovery more...
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Saudi, UAE Keen To Invest In India’s Refinery Sector more...
Rising LPG Supply Cost Creates A Fresh Problem For Govt. more...
Petrol Pump Operators’ Agitation Over MDR Issue more...
India’s Trade Shift Makes U.S Major LPG Import Source more...
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India Achieves 300 GW Non-Fossil Fuel Power Capacity more...
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RIL Proposes Underground Coal Gasification Complex In AP more...
Mahanagar Gas Commissions Pipeline In Mumbai more...
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IOC- Jindal Stainless Extend Lubricant Supply Pact more...
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Actis more...
Actis Announces Launch Of Renewable Energy Platform more...
Simplex Infrastructures Gets Oil India Drilling Contract more...
Repono Gets Railway Approval For Petroleum Terminal more...
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- Global gas demand will not peak before 2035, says GlobalData
- BPCL and IIT Kanpur Host MC²+ Ignite Outreach Event to Accelerate India’s Energy Innovation Ecosystem
- BPCL and Akasa Air Successfully Operate Commercial Flight Using Sustainable Aviation Fuel (SAF)
- Tata Power Solaroof Surpasses 5 Lakh Rooftop Solar Installations; Facilitates Over ₹85 Billion in Solar Financing
- ABB and Rolls-Royce SMR sign MoU on nuclear small modular reactor collaboration
- Blue Planet releases first Annual Sustainability Report 2026 reporting 8.92 Million tonnes of waste processed and 1.24 Million tCO₂e in Estimated avoided emission
- Bharatgas Lite ZIP Marks 100-City Milestone, Expanding BPCL’s LPG Reach
- BPCL Flags Off First Extreme Weather Grade (XWG) Diesel Rake from Bina Refinery to Power Indian Army’s High-Altitude Operations
- Oil Marketing Companies (OMCs) test for Moisture & Chloride presence in E20 Petrol: Claims of 500 ppm Chloride and presence of moisture not validated
- GAIL Inks Pact with KABIL to Strengthen Collaboration in Critical Minerals
- AkzoNobel CEO Greg Poux-Guillaume is the 2026 ICIS CEO of the Year
- BPCL Reinforces Fuel Quality Assurance Across Its Retail Outlet Network
- Siemens Energy begins preparations for the launch of an independent brand
- Belding India Unveils Hybrid BESS to Accelerate India's Transition Towards Smarter, Cleaner and Reliable Power Solutions
- AmpereHour Energy Launches Intelligent Energy Storage Manufacturing Platform, Bringing Digital-First BESS Integration to India
- Shri S.K. Sinha assumes charge as Director (Finance) of GAIL (India) Limited
- BPCL partners with Shell and Tiki Tar to expand value-added bitumen portfolio
- Juniper Green Energy deploys India’s Largest Wind Turbine with Envision Energy India
- ONGC and bp sign Technical Services Contract to enhance production from fields in the Western Offshore Basin
- Oil India and Kellton Advance Intelligent Oilfield Operations with the Successful Launch of Large-Scale Digital Wellhead Monitoring System
- GAIL reports PAT of ₹69.68 billion for FY 2025-26; profitability moderated amid global headwinds, operations remain resilient
- EemsGas project receives commitment for €150 million operating subsidy for green gas production
- Demand Surge, System Response”: How HPCL is Managing Unprecedented LPG Demand with Precision and Scale
- THINK Gas Launches GIS Platform for Instant PNG Availability Check, Faster Connections
- HPCL Ensures LPG Supply Continuity, Enforces Zero-Tolerance Discipline Across Network
- Mahanagar Gas Limited assures uninterrupted PNG and CNG supply; ntroduces customer focused PNG initiatives and benefits
- BPCL and Sembcorp JV (NeuEn Green Energy) secures 10KTPA Green Hydrogen Contract from Numaligarh Refinery
- ICIS introduces Iberian and Italian flake pricing to reflect regional divergence in rPET market
- Ground-breaking ceremony of GAIL’s upcoming R&D centre
- BPCL Accelerates Greenification of Natural Gas Ecosystem at GAIL Saksham Meet in Varanasi
- BPCL Launches ‘Bharatgas Lite’, Naye Bharat Ka Naya Cylinder for Goan households
- BPCL Strengthens Aviation Fuel Infrastructure with Dedicated ATF Pipeline for Hyderabad Airport
- BPCL Reports 62% Surge in Profit After Tax – Delivers Stellar All-Round Performance in Q3 FY26
- Oswal Energies Inks MoU with ATS, Abu Dhabi; Announces $1 Billion Expansion Plans in the Middle East
- ICIS and ICE Introduce Base Oils Futures
- Dangote appoints Engineers India Limited (EIL) as PMC and EPCM for expansion of the Fertilizer Complex in the Lekki Free Trade Zone
- Engineers India Limited (EIL) sings an MoU with Dangote Group for the Second Train of Africa’s Biggest Refinery
- Introducing Ida 2.0 – The World’s most capable AI Drilling Engineering Agent to date
- BPCL Reports 169% Surge in Profit After Tax – Delivers Stellar All-Round Performance in Q2 FY'26
- ICIS and Plan Grow Do announce exclusive training programme to drive sales evolution in a changing petrochemical landscape
- Global Energy & Geoscience Leaders to Converge in Jaipur for SPG 2025
- MRPL PRESS RELEASE :Q2 Financial Result
- Mahanagar Gas Limited signs MoU with Oil India Limited to collaborate across the LNG value chain
- Mahanagar Gas Limited Puts Customers First with Salesforce Adoption, a First in India’s CGD Sector
- Kazam and HPCL Partner to Expand EV Charging Access Across India
- Union Minister Hardeep Singh Puri Inaugurates IGL Genesis Technologies Ltd.’s World-Class Smart Gas Meter Manufacturing Facility
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October 16, 2026: As India’s Financial Year (FY) starts on April 1, the period April-August 2026 falls in FY 27. For clarity, it is called FY 2026-27. Indian refineries have a preference of high sulphur crude as it is relatively cheap. Indian refineries are designed to process high sulphur crude. How much high sulphur crude did Indian refineries process during April–August of FY 2026-27? Click column Special Database for details.
October 15, 2026: HPCL’s Refining Capacity To Reach 45.3 Million Tons By 2027-28. Click column Special Database for details.
October 14, 2026: Domestic natural gas scene in the month of August 2026 presents a dismal picture with falling production and lower consumption compared to the level in August 2025. LNG import was up very marginally. Click column Gas Scene 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.
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Trump likely to take decision in 10 days or so: Sergio Gor on 100% tariff against India for Russian oil purchases
October 16, 2026: Sergio Gor, US Ambassador to India, on Thursday spoke out on the 100% tariffs imposed against India due to Russian oil purchases. While speaking at the Bloomberg New Economy Forum, Gor said that US President Donald Trump is likely to make a decision within the next 10 days on sanctions provisions that could more..
Canadian subsurface engineering firm VZFOX set to enter Indian market
October 16, 2026: Canada-based subsurface engineering firm VZFOX announced it is set to enter the Indian market, as the country looks to strengthen domestic energy production and reduce its high dependence on imported crude.
The company will focus on mature-field revitalisation, reservoir optimisation, Enhanced more..
Oman Beats US To Become India’s Top LNG Supplier, Imports Stay Robust Despite Hormuz Crisis
October 16, 2026: Oman has overtaken the United States to become India’s largest supplier of liquefied natural gas (LNG) in September, marking a significant shift in the country’s energy imports amid disruptions to shipping through the Strait of Hormuz caused by the ongoing West Asia conflict.
The more..
Essar Oil & Gas expands CBM footprint with five new blocks across three states
October 16, 2026: Essar Oil & Gas Ltd. (formerly known as Essar Oil and Gas Exploration and Production Ltd. or EOGEPL), one of India’s leading Coal Bed Methane (CBM) producers, has been awarded five new CBM blocks through the Government of India’s Special CBM (SCBM) Bid Rounds 2025 and 2026. The blocks add more..
Ethanol supplies top 9.87 bn litres by Sep, grain feedstocks lead: AIDA
October 16, 2026: India's cumulative ethanol receipts reached 9.87 billion litres by the end of September in the current supply year, with grain-based feedstocks accounting for more than 71 per cent of the total, the All India Distillers' Association (AIDA) said on Thursday.
Receipts by oil marketing more..
LPG subsidy: Delhi HC seeks Centre’s reply on PIL against mandatory biometric Aadhaar authentication
October 16, 2026: The Delhi High Court on Wednesday asked the Centre to respond to a petition challenging its decision to make biometric Aadhaar authentication mandatory for domestic LPG consumers to book refills at the regulated retail selling price with applicable subsidy from October 1
A bench of Acting more..
Petroleum regulatory board publishes draft guidelines for up to 5% hydrogen blending in household piped gas
October 16, 2026: The Petroleum and Natural Gas Regulatory Board (PNGRB) has published draft guidelines for blending up to 5 per cent hydrogen by volume into piped natural gas (PNG) supplied to households.
The move could help reduce India's dependence on imported natural gas. However, blending hydrogen into more..
How The Hormuz Crisis Has Changed India’s LNG Supply Routes
October 16, 2026: The Strait of Hormuz, a narrow maritime passage connecting the Persian Gulf with the Gulf of Oman, has emerged as a major concern for India’s energy imports since the escalation of the West Asia conflict.
India depends on imported LNG to meet approximately half of its natural gas more..
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Lessons for Indian Oil Sector from Iran-US/Israel war
by Dr Bhamy Shenoy
August 26, 2026: Soon after the West Asia war started, many
oil pandits (including me) forecasted oil prices jumping to $200 per barrel
from more...
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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...
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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.
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...
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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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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). 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 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. 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 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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Is India Bartering Away Its Heft? more...
Concerns Over Rising LNG Prices Deepen more...
LPG: Need To Find Ways To Avoid Future Shocks more...
India Must Face Down Trump’s Tariff Threats more...
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Sumitomo To Participate In Renewable Energy Project In India more...
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BPCL Readies $3-Billion Bond ToFund Brazil Oil Project more...
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Domestic Natural Gas Scene In August 2026 more...
Domestic Natural Gas Scene In July 2026 more...
Who Owns How Much Share In India’s Natural Gas Pipelines more...
India Diversifying LNG Import Sources more...
Indian Natural Gas Spot Price for Physical Delivery more...
Domestic Natural Gas Production Exceeding Targets? more...
Where Does India Figure Globally In LNG Imports? more...
A Graphic Presentation Of Domestic Natural Gas Scene in June ’26 more...
Global Natural Gas Price Trends more...
India’s City Gas Distribution (CGD) sector is expanding rapidly more...
Updated Graphic Presentation of India’s Natural Gas Consumption and Import Dependency more...
Dismal Domestic Natural Gas Scene In June 2026 more...
India’s Rising LNG import, Rusting Capacity Of Many LNG terminals more...
Domestic Natural Gas Scene In May 2026 more...
Sector-Wise Consumption Of Natural Gas In India more...
CGD Sector’s Increasing Share In India’s Natural Gas Consumption more...
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High Sulphur Crude Processed By Indian Refineries During April-August FY 27 more...
HPCL’s Refining Capacity To Reach 45.3 Million Tons By 2027-28 more...
Analysis Of Crude Processed In Indian Refineries In August 2026 more...
BPCL’s Financial Performance Standalone, Consolidated During FY’23 To FY’26 more...
Consumption Growth Of Petroleum Products Drops In August 2026 more...
Fall In Import, Export Of Petroleum Products In August 2026 more...
Diverging Views On Global Oil Demand more...
Indian Crude Basket Price In August 2026 more...
Oil India’s Healthy Reserve Base, Growth In Acreage, Exploratory Drilling more...
Diesel’s Dominant Position In Petroleum Products Consumption In India more...
Analysis Of Petroleum Products Consumption Trend During The Current FY more...
India’s Crude Oil Import Drops In August, 2026 more...
Refill Affordability Problem Hits PMUY LPG Scheme more...
Feedstock-wise Ethanol Production In India more...
BPCL’s Three Major Refinery Projects In Progress more...
Share Of Various Products In Overall Petroleum Products Consumption In FY 26’ more...
Specific Energy Consumption In India’s State-Owned Refineries more...
India’s Growing Petroleum Marketing Infrastructure more...
Increasing Popularity Of PMUY LPG Program more...
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