Sanjeev Choudhary

The initiative, under the National Deepwater Exploration Mission, or Samudra Manthan, goes further than the series of upstream reforms over the past

The PNGRB plans to allow third-party capital investment in city gas distribution areas. This move aims to expand natural gas reach and promote infrastructure competition. The regulator will review pipeline authorization rules for capex-based bidding processes. City gas authorization regulations will also be revised to facilitate infrastructure sharing. An integrated digital consumer portal is planned for grievance resolution.

The government plans to restructure Indian Oil Corporation's board. Four managing director positions will replace the current structure. Functional directors will be reduced to five from eight. This change aims to streamline operations and accelerate innovation. The proposal awaits approval from the Appointments Committee of the Cabinet.

Indian Oil Corp will continue using Gulf crude, it said citing freight advantages and refinery configurations. The company anticipates no immediate supply disruptions, feeling secure until September. Alternative shipping routes via the Cape of Good Hope are being prepared for Saudi crude. Indian Oil is not pursuing new long-term oil or gas contracts currently.

Indian Oil Corp is reassessing its Tamil Nadu refinery project due to economic viability concerns. The company is now exploring a standalone petrochemicals complex instead of the original refinery. This shift reflects industry trends favoring integrated refining and petrochemical ventures. Standalone petrochemicals complexes require lower investments and offer higher long-term returns.

State-run oil firms reported combined net losses of ₹18,149 crore in the June quarter. This figure was significantly lower than the government's initial projection of nearly ₹75,000 crore. Industry executives cited retail price increases and central tax reductions as key cushioning factors. Higher LPG prices also helped offset cooking gas sales losses for these companies. The divergence highlights the political sensitivity surrounding fuel price adjustments and public perception.

Puri was responding to questions on whether the government would cut pump prices after global crude rates retreated from their peaks following a temporary Iran-US truce.

Indian Oil Corp is reassessing its proposed ₹33,000 crore greenfield refinery in Tamil Nadu after an internal evaluation raised concerns about its

India's fuel exports hit a one-year peak in July, driven by strong diesel margins. Russia's diesel export ban and global supply voids created favorable conditions for Indian refiners. Ample crude availability after a brief Iran-US truce also boosted refinery runs. Refineries like Reliance Industries and Nayara Energy processed more crude volumes. These factors combined to maximize Indian refiners' export capabilities last month.

India's fuel exports hit a one-year peak in July, driven by strong diesel margins. Russia's diesel export ban and global supply voids created favorable conditions for Indian refiners. Ample crude availability after a brief Iran-US truce also boosted refinery runs. Refineries like Reliance Industries and Nayara Energy processed more crude volumes. These factors combined to maximize Indian refiners' export capabilities last month.