Policy
India’s Oil Demand To Accelerate In2026 And 2027, Says OPEC
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Gas Oil And Petrol Cracks At All Time High
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Crude Prices Continue To Fluctuate, Brent Down To $ 101Per Barrel
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Shutting Down Of East West Pipeline Increases India’s Cost Of Securing Crude
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Amidst Rising Global Price India Seeks Alternate Suppliers Of Crude
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Regulation
India Hit By Spike In Oil Tanker Shipping Costs
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Indian Refineries’ Consistently High Capacity Utilisation
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OMCs Launch Technology-Led LPG Service Initiatives
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India Scaling Up Energy Storage System
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Alternative Energy / Fuel
Coal’s Increasing Role In India’s Energy Scene
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New Projects
EIL Bags Contract To Execute A Mega Refinery In Kenya
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IOC Approves Rs.24.48 Billion For Kochi-Thoothukudi Gas Pipeline
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Petronet LNG To Invest Rs.12 Billion In 10 CBG Plants
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Market Watch
BPCL Signs And Exchange Master SPA With Eni S.P.A
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Companies
Gruner Renewable Energy
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EPIC Bags Rs. 20 Billion Steel Pipe Order FromSaudi Aramco
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ONGC Strikes Gas In Mahanadi Deepwater
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Press Release [FREE Access]
Latest Exclusives
September 25, 2026: The much trumpeted LPG scheme, Pradhan Mantri Ujjwala Yojana (PMUY), has driven massive growth in clean cooking access with over 105.7 million connections distributed as of July 2026, but its real-world impact is heavily constrained by refill affordability. Click column Special Database for details.

September 24, 2026 | Concerns Over Rising LNG Prices Deepen: The Gulf crisis has played havoc with India’s natural gas sector, affecting both demand and consumption. The country’s natural gas import dependency crossed a key threshold when it touched 50.7 per cent in FY2026 with overall imports totalling around 34.88 billion cubic metres (BCM). LNG imports rose 5% year-on-year by volume and 25% by value to $5.6 billion during April-July, oil ministry data shows. August imports rose 5% over July. India’s problems are accentuated by the fact that it buys approximately 35% to 40% of its liquefied natural gas (LNG) imports from the spot market. This means that it is at the mercy of market intermediaries who rake in the big bucks at the first sign of a crisis. Currently, spot market LNG deliveries are priced at over $23 per million British thermal units (mmBtu). Click Free Access column Petro Intelligence to read an insightful piece.

In column Policy:

  • India’s Oil Demand To Accelerate In 2026 And 2027, Says OPEC
  • Gas Oil And Petrol Cracks At All Time High
  • Crude Prices Continue To Fluctuate, Brent Down To $ 101 Per Barrel
  • Shutting Down Of East West Pipeline Increases India's Crude Securing Cost
  • Amidst Rising Global Price India Seeks Alternate Suppliers Of Crude
In Column Regulation:
  • India Hit By Spike In Oil Tanker Shipping Costs
  • Indian Refineries’ Consistently High Capacity Utilisation
  • OMCs Launch Technology-Led LPG Service Initiatives
  • India Scaling Up Energy Storage System
There are exclusive reports in other columns as well.
Today's News [FREE Access]
Jaishankar Raises India’s Concerns Over Russia Oil Tariff Law With Rubio
September 25, 2026: External Affairs Minister S. Jaishankar raised India’s interests and concerns over the US Sanctioning Russia and Iran Act (SRIA) during a meeting with US Secretary of State Marco Rubio in New York on September 23. The meeting took place on the sidelines of the 81st United Nations General Assembly   more..


Indian Refiners Lift LPG Output Nearly 20% as Hormuz Blockage Chokes Imports
September 25, 2026: Indian state refiners are ramping up their production of liquefied petroleum gas amid a seasonal jump in demand as the country enters festive season and imports from the Middle East remain strangled. So far in September, local production of LPG has averaged 44,000 tons daily, Indian media   more..


Govt likely to examine demand for UPI MDR exemption for petrol pumps
September 25, 2026: The government is likely to "review" a demand for exemption from Merchant Discount Rate (MDR) on select UPI transactions, including a specific request to exempt petrol pumps from the charges, top government sources said. "The Department of Financial Services (DFS) is likely to   more..


Backlash as Indian oil heir made professor of sustainability by Newcastle University
September 25, 2026: Newcastle University is facing a backlash from conservationists over the appointment of the heir to an Indian oil and gas fortune who runs a controversial mega-zoo as a professor of sustainability. The university announced that Anant Ambani had been given a professorship of practice for   more..


REC arm to install 11.1 MW rooftop solar systems across 76 ICAR institutes
September 25, 2026: REC Power Development and Consultancy Limited (RECPDCL) has signed a Memorandum of Agreement (MoA) with the Indian Council of Agricultural Research (ICAR) for installation of grid-connected rooftop solar photovoltaic (PV) systems across 76 ICAR institutes in 24 States and Union Territories.    more..


Cochin Shipyard to Acquire 23% Stake in Dutch Ship Design Firm Conoship for €2.3 Million
September 25, 2026: Cochin Shipyard Limited (CSL) on 24 September 2026 informed the stock exchanges that it has executed the Share Purchase Agreement and the Shareholders’ And Cooperation Agreement for the acquisition of 23% equity shares in Conoship International Holding B.V., a leading ship design and engineering   more..


Sterling & Wilson Renewable Energy wins Rs 985-crore orders in India & South Africa
September 25, 2026: Sterling and Wilson Renewable Energy Limited (SWREL) has secured two major renewable energy orders worth more than Rs. 9.85 billion, including a 534.3 MWp solar project in Rajasthan and two battery energy storage system (BESS) projects in South Africa with a combined capacity of 616 MWh.     more..


Shashank Jalani Joins Tata Power Renewable Energy
September 25, 2026: Jalani has joined Tata Power Renewable Energy as Group Head - Brand Marketing (Rooftop Solar). Jalani confirmed the development through a LinkedIn post, marking a move to the renewable energy sector after more than five years with Legrand India. “Excited to begin a new chapter as Group   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
Bhaskar Chowdary Nettem joins ONGC board as Director
Oil and Natural Gas Corporation (ONGC) has appointed Bhaskar Chowdary Nettem as Director (Production) on its Board. He has subsequently assumed charge of the post. Nettem will hold the position until his superannuation on September 30, 2029, or until further orders, whichever is earlier. Nettem is a Mechanical Engineer with more...

OPal appoints B. H. Vasudev Prasad as MD
ONGC Petro additions Limited (OPaL) has appointed Shri B.H. Vasudev Prasad as its new Managing Director. He took charge on 6 September 2026. Prior to joining OPaL, Prasad served as Executive Director (Projects) at Mangalore Refinery &Petrochemicals Limited. Prasad is a Mechanical Engineering graduate with an M.Tech in more...

Manoj Kumar Sharma Is Director (Projects) of GAIL
Manoj Kumar Sharma has assumed the charge as Director (Projects) of GAIL (India) Limited. Prior to assuming charge as Director (Projects) of GAIL, Sharma was serving as Executive Director and Regional Head (Eastern Region Pipelines) of Indian Oil Corporation Limited (IOCL). At his previous role in Indian Oil, Sharma was more...

Deepak Group appoints Gurinder Singh as President of New Business
Deepak Group has appointed Gurinder Singh as the President of New Business within the Chairman’s Office. He will be leading strategic new business developments, growth initiatives, and scaling diversification portfolios directly under the guidance of the promoter/chairman's office. Prior to this placement, he served 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]
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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Alliance That Could Break With A Corrupt Past
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Foreign Investment
AMPIN Energy Transition Secures Up To $100 Million From Norfund For India Expansion
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Overseas Investment
Welspun Corp Subsidiary To Set Up New Steel Pipe Factory In Jordan
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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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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
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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Petroleum Products: Decline In Imports, Surge In Exports In July 2026
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India’s Refinery Expansion Pace Has Slowed Down
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Domination of state-owned Companies (PSUS) in Petroleum retail outlets Continue Undiminished
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Analysis Of Crude Processed In Indian Refineries In July 2026
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India’s Crude Imports Jumps In July, Import From OPEC Down
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A Graphic Presentation Of India’s Petroleum Products Consumption
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Factors Behind Numaligarh Refinery Making Highest GRM Among Indian Refineries
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Why India’s Share of High Sulphur Crude Consistently Rising In Processing?
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Trend In Petroleum Products Consumption So Far During FY 2026-27
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Distillate Yield In India’s State-Owned Refineries
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