July 24, 2026: India’s domestic production meets only 50 per cent of natural gas demand and the rest is met through imported LNG. Click column Gas Scene for an updated graphic presentation of natural gas consumption and import dependency.

July 23, 2026: India’s largest exploration round called New Exploration Licensing Policy (NELP) cannot be called a total failure. No significant discovery either .The Round launched in 1999 still has as many as 32 blocks under operation. Click column Special Database for details.

July 9, 2026 | Competitive Pricing Of Oil And Gas Eluding Indian Consumers: Adjusted for local incomes and currency buying power, India's petrol is the third-most expensive globally (behind Sudan and Laos). India's Liquefied Petroleum Gas (LPG) price has been cited as the highest globally when measured via PPP conversion rates. There is a growing angst among motorists over the fact that petrol and diesel prices in India do not rise and fall in sync with global crude prices. The state-run retailers have been loath to pass on the benefits of crude price reductions on the ground that they have not been able to fully recoup their "under recoveries". Since June 2017, the OMCs are expected to review and revise retail fuel prices on a daily basis based on a 15-day rolling average of international benchmark prices. But the market-determined pricing regime has never worked in a manner where the oil retailers were given a complete free hand. Pricing decisions are sensitive and the government has been able to nudge the state-run companies to operate within a limited area of freedom. The ruling party usually decides the politically convenient date to raise domestic retail prices. As a result, the oil marketing companies often suffer losses when they are prevented from recovering costs. Click Free Access column Petro Intelligence to read an insightful piece on the subject.