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Biofuels Earn Farmers $15 Billion Over 11 Years, Says Puri; Reaffirms Commitment to Shield Consumers from Fuel Price Volatility

Biofuels Earn Farmers $15 Billion Over 11 Years, Says Puri; Reaffirms Commitment to Shield Consumers from Fuel Price Volatility

Amid global crude price volatility, domestic fuel rates have been reduced through targeted government measures to uphold energy security, affordability, and access for all, Puri stated. India’s Ethanol Blended Petrol (EBP) Programme has generated ₹1.25 trillion ($15 billion) in income for farmers between Ethanol Supply Year (ESY) 2014-15 and July 2025, Union Minister for Petroleum...

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ONGC Q1 FY2026 Net Profit Rises 18.2% to ₹115.5 Billion on Strong Gas Realisations and Offshore Gains

ONGC Q1 FY2026 Net Profit Rises 18.2% to ₹115.5 Billion on Strong Gas Realisations and Offshore Gains

ONGC’s Q1 gains were buoyed by rising revenue from new well gas, which crossed ₹17 billion—₹3.3 billion above the administered price mechanism (APM) rate—as the company stepped up output from premium-yielding sources. India’s largest oil and gas explorer, Oil and Natural Gas Corporation (ONGC) has reported a consolidated net profit of ₹115.5 billion for the...

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Centre Defends Ethanol Blending Programme Amid Mileage Concerns; Highlights $16.5 Billion Forex Savings

Centre Defends Ethanol Blending Programme Amid Mileage Concerns; Highlights $16.5 Billion Forex Savings

Despite ethanol now costing more than refined petrol, oil marketing companies continue blending it into fuel, citing long-term gains in energy security, rural incomes, and environmental sustainability, according to the ministry. Amid growing public debate over the impact of 20 per cent ethanol-blended petrol (E20) on vehicle mileage and engine life, the Ministry of Petroleum...

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Offshore Energy Gets Boost as India Reforms Licensing Policy: Puri Tells Rajya Sabha

Offshore Energy Gets Boost as India Reforms Licensing Policy: Puri Tells Rajya Sabha

The Andaman Basin emerges as a key frontier in India’s energy exploration, with drilling operations by ONGC and OIL targeting depths of up to 5,000 metres in ultra-deepwater regions. India is witnessing a renewed surge in oil and gas exploration, particularly offshore, revealing vast untapped hydrocarbon potential. In a written reply to a starred question...

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GAIL, OIL Extend 15-Year Gas Supply Pact for Rajasthan Fields

GAIL, OIL Extend 15-Year Gas Supply Pact for Rajasthan Fields

The supply deal for up to 900,000 SCMD of natural gas from Oil India’s Rajasthan fields to GAIL is set to boost domestic production, streamline transportation, and expand distribution, reinforcing energy security and improving access. India’s largest natural gas supplier GAIL India and Oil India Ltd have extended their existing gas sale and purchase agreement...

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GAIL Reports Record Profit Surge

GAIL Reports Record Profit Surge

India’s largest natural gas company, GAIL (India), has reported its highest-ever financial performance in FY2025, achieving record EBITDA, PBT, and PAT despite global economic challenges. Sandeep Kumar Gupta, Chairman & Managing Director, attributed the robust results to strong operational and financial performance across all major segments. The company’s revenue from operations rose to Rs.1.37 trillion...