2026

Larsen & Toubro has secured a significant order, valued between Rs 2,500 to Rs 5,000 crores, from a joint venture of four oil and gas PSUs led by Petronet LNG. The project involves constructing a large LNG/Ethane storage tank and a Propane storage tank at Gujarat’s Dahej Petrochemical Complex, aiming to boost domestic polypropylene production.

As the Union Budget 2026 approaches, the oil and gas sector is calling on the government to reconsider the OID cess imposed on domestically produced crude oil. Stakeholders in the industry argue that the existing 20% ad-valorem tax is stifling production potential and should be revised. Furthermore, they suggest doing away with other taxes like…

Ship-tracking data and people familiar with the matter point to a dip that would come after imports fell in December to a three-year low. That was a third below their peak in June.

Work on the natural gas pipeline connecting Tripura and Mizoram is progressing well. Officials report 45 percent completion. The 119.5-km project is slated for completion by December 2027. This initiative will bring affordable gas to Mizoram for domestic, commercial, and industrial use.

Indian Oil Corporation is embarking on an exciting journey to enhance its non-fuel portfolio. With a vision to generate 20-30% of its revenue from emerging sectors such as gas, petrochemicals, lubricants, and renewable energy by 2030, the company is set to elevate its non-fuel business to an estimated ₹2-3 lakh crore.