October 19, 2026: Indian Oil Corporation (IOC) is India’s largest oil marketing and third largest refining company. It has seven major projects under execution, most of which are nearing completion. Click column Special Database for details.

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October 16, 2026: As India’s Financial Year (FY) starts on April 1, the period April-August 2026 falls in FY 27. For clarity, it is called FY 2026-27. Indian refineries have a preference of high sulphur crude as it is relatively cheap. Indian refineries are designed to process high sulphur crude. How much high sulphur crude did Indian refineries process during April–August of FY 2026-27? Click column Special Database for details.

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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.