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 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.
Today's News [FREE Access]
Topsoe secures technology contract for Bharat Petroleum’s SAF project in India
October 15, 2026: Topsoe has signed a licensing agreement with Bharat Petroleum Corp. Ltd (BPCL) to provide its kerosene hydrotreating technology for co-processing for SAF production at the Mumbai Refinery. Under the agreement, BPCL will revamp its existing 4000 tpd Kerosene Hydrotreater Unit to co-process 5%   more..


Mark Rubio To Visit India’s Refining Hub Jamnagar This Week
October 15, 2026: Secretary of State Marco Rubio is set to visit India's petroleum and industrial capital Jamnagar, alongside stops in Mumbai and Samarkand, Uzbekistan, in a high-stakes diplomatic tour scheduled from October 17 to 22. The six-day trip—Rubio's second visit to India this   more..


US oil, gas supplies to India fall 43% as West Asia imports rebound
October 15, 2026: West Asian producers led by the UAE, Iraq and Saudi Arabia will continue to be India’s leading energy suppliers once the war ends and cannot be replaced by the United States, three senior refining officials told Business Standard, as US oil and gas supplies fell sharply in September from this   more..


Tristar Group signs agreement for Aegis Logistics to become majority shareholder
October 15, 2026: Tristar Group has entered into an agreement for Aegis Logistics, one of India’s leading integrated oil, gas and chemical logistics companies, to become its major shareholder, following a transaction that values Tristar at a total enterprise value of $1.5 billion (equity value of $882 million), at a   more..


ONGC weighs standalone, joint venture models for new greenfield refinery
October 15, 2026: Oil and Natural Gas Corporation Ltd (ONGC) is evaluating various models for its proposed greenfield refinery and petrochemical complex, including setting it up independently, through a subsidiary, or in partnership with foreign players, people familiar with the matter said.   “The   more..


BPCL Explores Strategic LPG Storage Collaboration with Japan’s Astomos Energy
October 15, 2026: Bharat Petroleum Corporation Limited (BPCL) is strengthening India–Japan energy cooperation through strategic collaboration in the LPG sector. Shri Subhankar Sen, Director (Marketing), BPCL; Shri Sanjay Choubey, Head LPG West, BPCL; and Shri Mohit Kumar Agarwal from the Ministry of   more..


OPEC cuts India’s 2026 oil demand growth forecast to 40,000 barrels per day
October 15, 2026: The Organisation of the Petroleum Exporting Countries (OPEC) has lowered its forecast for India’s oil demand growth in 2026 to 40,000 barrels per day (b/d), from 60,000 b/d projected in its September report On a year-on-year (YoY) basis, India’s oil demand is expected to rise by   more..


Nomura sees EV adoption at inflection point in India, prefers Ather, M&M, Hyundai
October 15, 2026: Electric vehicle (EV) adoption in India is at an inflection point across segments, with improving economics, better product options and supportive government policies driving penetration, Nomura said in a latest report. "EV adoption in India has accelerated after the west Asia   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
S. KumarPetronet 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
Vindo SeshanThe 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 MalhotraNalini 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
Rajeev KumarGAIL (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...

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 August 2026
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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
HPCL’s Refining Capacity To Reach 45.3 Million Tons By 2027-28
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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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