September 1, 2026: Indian Oil Corporation (IOC) increased liquefied petroleum gas (LPG) production by nearly 30% and kept its refineries running above full capacity as disruptions to maritime trade through the Strait of Hormuz put India's energy supplies under pressure, chairman Arvinder Singh Sahney said on Monday

Addressing IOC's 67th annual general meeting, Sahney said the escalation of the West Asia conflict had disrupted global energy markets and forced the company to diversify crude sourcing, rework refinery operations and secure supplies from alternative geographies.

"For IndianOil, the priority during this unprecedented crisis has remained crystal clear - to maintain continuity of energy supplies despite constrained sourcing options and volatile international markets," he said.

With close monitoring and guidance from the Ministry of Petroleum and Natural Gas, our teams have responded with agility - diversifying crude sourcing, realigning refinery operations and strengthening supply-chain coordination to secure alternate supplies, optimise cargo movements and rebalance products across regions," he said.

The company deployed 24-hour control rooms, daily reviews and real-time market monitoring to identify and address supply gaps. Despite having to move significantly away from Middle Eastern crude grades, IOC said it maintained product availability across the country

(Source: Economic Times)