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India Seeks New Sources For LNG
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Crude Oil Prices: Shape Of Things To Come
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Political Intervention Unlikely: Declining Share Of Russian Oil In Indian Crude Basket
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IOC Stops Reporting GRMs to PPAC: GRMs Of Refineries Across The World Reach All-Time High
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Government Moves To Set Up National Hydrocarbon Technology Hub
more...
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India Unable To Cash In On Cheap Oil For Lack Of Requisite Shipping Fleet
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Rising Crude Price Pulls Down Indian Rupee
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India To Expand Its Already High Refining Capacity
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India’s Natural Gas Scene: Market Reality And Ambitious Target Clash Creating Uncertainty
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Govt. Approves Rs.145 Billion For Development Of 92 GWh Grid-Scale Energy Storage Systems
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Topsoe Secures Contract For Bharat Petroleum’s SAF Project In India
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Essar Renewables Signs Power Purchase Agreement With NHPC For 300 MW Project
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GAIL Commissions 1.25 MTPA PTA Plant In Mangalore Through Subsidiary GMPL
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OMCs Receive Bids For 19.345 Billion Litres Of Ethanol For ESY 2026-27
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Time Technoplast Ltd
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Time Technoplast Wins ₹875.3 Million PSU CNG Cylinder Order
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ADNOC Signs 10-Year LNG Supply Agreement With India’s Gujarat Energy
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- Financial and Operational Performance of Reliance Industries Limited (RIL) for the Quarter and Half Year ended 30th September 2026
- 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
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November 11, 2026: Oil India’s Pipeline For Transporting Imported Crude Nearing Completion, click column Special Database for details.
November 10, 2026 | Tax Structure On Petro Fuels Needs To Be Overhauled: Energy is the fuel for economic growth. India is widely cited as the fourth largest economy in the world. While the nation projects an image of a rapidly growing macroeconomic powerhouse with soaring aggregate energy demands, its internal reality is defined by acute energy poverty. India's per capita energy consumption remains stubbornly low at nearly one-third of the global average, reflecting deep-seated economic disparities and structural bottlenecks that hinder human development. India's usage is about one-fifth of China's and one-ninth of the United States' per capita electricity levels. Industry analyses place India close to the global peak in terms of the tax burden built into the retail fuel costs in percentage terms. The share of taxes levied on auto fuels is approximately 69% of the retail pump price for petrol and diesel. Petroleum products such as petrol, diesel, aviation turbine fuel, natural gas, and crude oil remain outside the preview of the Goods and Services Tax. Click Free Access Column Petro Intelligence to read an insightful piece.
In column Policy:
- India Seeks New Sources For LNG
- Crude Oil Prices: Shape Of Things To Come
- Political Intervention Unlikely: Declining Share Of Russian Oil In Indian Crude Basket
- IOC Stops Reporting GRMs to PPAC: GRMs Of Refineries Across The World Reach All-Time High
- Government Moves To Set Up National Hydrocarbon Technology Hub
In Column Regulation:
- India Unable to Cash In on Cheap Oil Due to Lack of Shipping Fleet
- Rising Crude Price Pulls Down Indian Rupee
- India To Expand Its Already High Refining Capacity
- India’s Natural Gas Scene: Market Reality And Ambitious Target Clash Creating Uncertainty
There are exclusive reports in other columns as well.
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Netherlands Says Difficult to Track Product Origin of Indian Oil
November 11, 2026: The Netherlands has said it is "difficult" for any country or organization to track the origin of petroleum products, casting doubt on how well European Union (EU) sanctions on Russian crude oil work. The comment came in emailed responses from Dutch officials on November 10, 2026, as India keeps more..
Russian oil dominance faces sudden collapse: rising shipping expenses pushed Indian buyers away
November 11, 2026: Indian refiners are reducing their intake of Russian Urals crude as rising freight costs and tightening processing margins erode the economic advantage of the grade. The physical deliverable supply of Urals to India is facing increased competition from Middle Eastern barrels, which offer shorter transit more..
India’s LNG buyers eye flexi deals to cut risks after Iran war hit Qatar supply
November 11, 2026: India’s liquefied natural gas (LNG) buyers are increasingly seeking greater flexibility in long-term supply deals after the Iran war disrupted shipments through the Strait of Hormuz, almost halting imports from Qatar, the country’s largest supplier.
Gujarat Energy Ltd signed an more..
Crude oil price fall offers India relief, but exporters await cheaper inputs
November 11, 2026: A sharp correction in crude oil prices could ease India’s import bill and inflationary pressures while improving the competitiveness of non-oil exports, but the benefits will depend on whether lower prices sustain and translate into cheaper industrial inputs and shipping costs, said K. Rangarajan, more..
Nigeria Gas Export To India Strains As UAE Sign 10-year Export Agreement
November 11, 2026: Nigeria’s Liquified Natural Gas , export to India may face some challenges as the Abu Dhabi National Oil Company supplies as shipments from Qatar, once its largest supplier, fell to zero in August amid continuing geopolitical tensions in West Asia.
The United States emerged as more..
Crude oil futures tumble 5% as US-Iran diplomacy hopes ease supply fears
November 11, 2026: Crude oil futures fell more than 5 percent on Monday as hopes of progress in US-Iran negotiations and a recovery in West Asian supplies eased concerns over immediate shortages.
On the Multi Commodity Exchange (MCX), crude oil for November delivery declined Rs 429, or 5.02 percent, to Rs 8,125 more..
Tata Power Renewables Commissions 300 MW Solar Project For SECI In Karnataka
November 11, 2026: Tata Power Renewable Energy Limited (TPREL), a subsidiary of Tata Power, has commissioned a 300 MW solar power project for Solar Energy Corporation of India (SECI) at Koppal in Karnataka.
TP Saurya, a wholly owned subsidiary of TPREL, is the developer of the project.
The more..
Adani Group scripts succession chart with four stars
November 11, 2026: Gautam Adani, one of the world’s top billionaires and founder and chairman of the Adani Group, will hand over the reins of his business empire to a select team of four family members—his two sons (Karan and Jeet) and two nephews (Pranav and Sagar). Called the G2 leadership, the 64-year-old 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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PM Khanooja Gets A Second Extension Additional Secretary, MoPNG
The ACC has approved the extension of the central deputation tenure of Praveen Mal Khanooja, IA&AS (1994 batch), Additional Secretary, Ministry of Petroleum and Natural Gas, for a period of six months beyond 7 November 2026. The extended tenure will continue up to 7 May 2027, or until further orders, whichever is earlier. more...
Jatin Kumar Nayak Assumes Charge As CMD of IREDA
Jatin Kumar Nayak has assumed charge as Chairman and Managing Director (CMD) of Indian Renewable Energy Development Agency Limited (IREDA), a Navratna Central Public Sector Enterprise under the Ministry of New and Renewable Energy (MNRE). Before joining IREDA as CMD, Nayak was serving as Executive Director (Finance) at REC more...
CPCL Appoints Interim Ops Director as Ajay Kumar Awaits ACC Approval
While the Cabinet is yet to ratify the appointment of Director (Operations) at CPCL S G Venkatesh has been entrusted with the additional responsibility. Currently, Venkatesh is Director (Technical), CPCL. The said Board-level position fell vacant after P Kannan retired as Director (Operations) on October 31, 2026. The post 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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Tax Structure On Petro Fuels Needs To Be Overhauled
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Energy Crisis: Pause In Gulf War For Polls. Will It Hold?
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Is India Bartering Away Its Heft?
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Concerns Over Rising LNG Prices Deepen
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Renew Secures $100 Million From FMO To Fund Renewable Energy Projects
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OVL Looks To Operate 2 Venezuelan Oil Projects
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Domestic Natural Gas Scene: Production, Import, Consumption Down In September
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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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Oil India’s Pipeline For Transporting Imported Crude Nearing Completion
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India’s Surging Crude Oil Import Bill
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Company-wise Capital Expenditure during the First Six Months of India’s Current FY
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BPCL’s Impressive Gross Refining Margin Performance
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Shrinking Subsidy Element In India’s Petroleum sector
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India’s Growth In Imports, Exports Of Petroleum Products Decline In September
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India’s Crude Oil Import Goes up Significantly In September, 2026
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Though Impressive, Diesel Consumption Growth In September Is Not The Highest In 2026
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Profit After Tax Of India’s Oil Companies
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Impressive Growth the Petroleum Products Consumption In September
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Bharat Petroleum Corporation Ltd To Expand Capacity Of Its Refineries
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The exact weightage of crude petroleum, natural gas, and mineral oils (petroleum products) in India’s Wholesale Price Index (WPI)
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HPCL’s Portfolio expansion in Petrochemicals & Natural Gas
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Petroleum Sector’s Contribution To National Exchequer
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IOC’s Major Projects In Advanced Stage Of Execution
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High Sulphur Crude Processed By Indian Refineries During April-August FY 27
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