BUSINESS
Indian farmer gets the ‘final vote’ on trade deal with US
The US wants greater access for its GM crops, something which India is unlikely to yield as trade negotiations enter the final lap
BUSINESS
Longer Iran-Israel conflict would have threatened India’s growth; too soon to sound ‘all clear’: FinMin
The finance ministry’s monthly economic report highlighted that geopolitical tensions in the Middle East increased the landed cost of oil for Indian refiners
BUSINESS
ONGC caps gas leak at Assam well after 15 days, no injuries: Hardeep Puri
On June 12, gushes of gas were observed from the well at ONGC’s Rudrasagar oil field in Barichuk
BUSINESS
Jamnagar district likely to get ONGC’s latest refinery; Saudi Arabia to supply crude oil
State-run Oil and Natural Gas Corporation, which is currently working on the detailed feasibility report, is in talks with Saudi Arabia for a joint venture company to establish the greenfield refinery in Gujarat.
BUSINESS
IndianOil-CPCL Nagapattinam refinery may see further delays due to project reconfiguration
IOCL and CPCL are working on reconfiguring the refinery, an official said, hinting at project completion by 2030–31. The refinery was earlier expected to be completed by 2027 — already two years behind the original schedule.
BUSINESS
A resilient, well-supplied oil market is less reactive to geopolitical tensions: Experts
Given ample supplies and low demand, the market looks for real impact on supplies for cues rather than offer knee-jerk responses to perceived threats, experts say.
BUSINESS
India to exercise ‘full flexibility’ to ensure no disruption in oil supply, pricing to decide imports
India will continue to prioritise oil prices on a landed basis while purchasing crude from international market, a government official said, assuring that the oil supply is unlikely to be disrupted despite escalation in the Middle East.
BUSINESS
Half of India’s LNG imports come from Qatar and UAE, relying on Strait of Hormuz for supplies
India imports around 50 percent of its total natural gas requirement, out of which over 50 percent is supplied by two Gulf countries that ship LNG to India via the Strait of Hormuz route - Qatar and the UAE.
BUSINESS
Govt assessing state-run OMCs financial health to finalise compensation for LPG losses: Sources
The government may partially compensate the oil marketing companies (OMCs) for the losses incurred by them on sale of LPG cylinders or might even entirely decline the request, sources told Moneycontrol.
BUSINESS
Iran-Israel war compels Indian refiners to increase June oil purchase from Russia, US to offset supply risks
New Delhi is set to import a total of 2.16 million barrels per day (bpd) of Russian oil in June - highest in last two years - preliminary data by global trade analytics firm Kpler showed, sharply higher than at 1.85 million bpd purchase in May.
BUSINESS
Indian Oil to supply LNG to NTPC’s upcoming 50 MW power plant in Andaman & Nicobar
India’s largest power major NTPC is in the process of acquiring land for the proposed plant. The 50 megawatt (MW) gas-based power plant in Andaman & Nicobar is expected to be commissioned by 2027-28, sources told Moneycontrol.
BUSINESS
Iran-Israel conflict: No disruption to oil supply yet but OMCs face higher shipping costs
Amid rising Middle East tensions, the Indian refiners are currently witnessing 8-9 percent increase in shipping costs while there has been marginal impact on insurance rates, said an executive with an oil refinery on condition of anonymity.
BUSINESS
Iran-Israel conflict: Why India's energy sector is worried about Strait of Hormuz closure threat
India is a net importer of crude oil, with over 40 percent of its supplies sourced from Middle East nations such as Iraq, Saudi Arabia, the United Arab Emirates, Kuwait and Qatar. These countries export crude oil and LNG to India through the Strait of Hormuz route.
BUSINESS
India assures of adequate energy supplies for coming months amid Iran-Israel escalation
Tensions in the Middle-East are a cause of concern for Indian energy market as New Delhi imports large amounts of crude oil and liquefied natural gas (LNG) from the region.
BUSINESS
Iran-Israel conflict: Crude surge, threat to shipping lanes keeping oil refiners on the edge
Higher crude prices squeeze Indian oil refiners as they have largely kept retail fuel prices unchanged in the domestic market despite volatility in the international market.
BUSINESS
Indian Oil to set up new POL terminal at Andaman & Nicobar amid rising fuel demand
The oil marketing company (OMC) is currently in the process of acquiring land for the proposed POL terminal, and expects the operationalisation in the next five years.
BUSINESS
HPCL’s Vizag refinery to soon process more Russian and Arab sour crude in a boost for refining margins
A higher share of tougher or sour grade crude, which has higher sulphur content, would improve the refining margin of HPCL’s Vizag refinery to $12-14 per barrel from the current average of $8 per barrel.
BUSINESS
Indraprastha Gas sharply raises capex by 67 percent to fund solar, LNG, biogas diversification
Indraprastha Gas said higher spending in the current year is on account of plans to expand into solar, liquefied natural gas (LNG) and compressed biogas (CBG) space to mitigate risks related to core city gas distribution (CGD) business.
BUSINESS
Indraprastha Gas says not looking at CNG price hikes for now, but closely watching international prices
CGD players including IGL, MGL and Adani Total Gas have undertaken multiple CNG price hikes in-line with the cut in allocation of cheaper domestic gas. APM gas is sold cheaper to city gas distribution players to ensure essential services such as domestic PNG and CNG.
BUSINESS
Adani denies DOJ probe over Iranian LPG shipments: How are India’s energy relations with Tehran?
Iran was the third-largest crude oil supplier to India till 2018-19. After the Trump administration slapped fresh sanctions on Iran in 2018, Indian oil refiners curbed oil purchases from Tehran. India currently does not source crude oil from Iran.
BUSINESS
Summer travel, PMUY expansion drive petrol, LPG consumption higher in May
Summer travel pushed petrol consumption growth to 8.8 percent in May from a year earlier, compared with April’s 4.6 percent increase. India consumed 3.76 million tonnes of petrol in May 2025, versus 3.46 million tonnes in May 2024 and 3.45 million tonnes in April 2025.
BUSINESS
Lower GST, prices, & wider distribution essential for adoption of LNG as transport fuel: Industry
The industry has urged the Ministry of Petroleum and Natural Gas to slash the GST for LNG vehicles from 28 to 5 percent --- which is what EVs attract.
BUSINESS
Engineers India secured order inflow of Rs 8,214 crore in FY25, eyes expansion in non-core sectors
In FY25, the hydrocarbon sector accounted for 55 percent of the business while the rest came from infrastructure, chemicals, fertilisers, mining, metallurgy, power and renewables, said chairman and managing director Vartika Shukla in post-results press conference.
BUSINESS
Centre directs e-commerce firms to audit dark patterns, proposes forming joint working group
The directives were issued during a high-level meeting in New Delhi chaired by Union Minister Pralhad Joshi, where the government said stakeholders had “in principle” agreed to comply with the November 2023 guidelines issued by the ministry.
