India Mandates Oil & Gas Firms to Share Export, Import, and Inventory Data to Strengthen Energy Security

India has instructed its oil and gas companies to report detailed data on exports, imports, and inventories to a government agency. This move aims to protect consumers from potential shortages as global prices rise due to geopolitical tensions. 

Government's Directive to Oil & Gas Companies 

On March 18, 2026, the Indian government issued an order requiring oil and gas firms to share export, import, and inventory data with the Petroleum Planning and Analysis Cell (PPAC). 

This directive applies to all companies in the supply chain, including producers, importers, refiners, and retailers. The order emphasises that no entity can refuse to provide information citing confidentiality or commercial sensitivity. 

Impact on India's Energy Security 

India, the world's 4th-largest refiner and 3rd-biggest oil importer, relies heavily on overseas purchases, meeting over 90% of its oil needs through imports.  

The country has been significantly affected by the rise in crude prices and disruptions in oil and gas supplies, particularly from the Middle East, which accounts for more than 40% of its crude imports and 90% of its LPG imports. 

Read More: India Explores New Avenues for Russia to Use Accumulated Rupee Reserves! 

Challenges in the LPG Sector 

India is currently facing its most severe cooking gas crisis in decades, with shipments from the Strait of Hormuz nearly halted due to ongoing conflicts. As a result, the government has invoked emergency powers, directing refiners to maximise LPG production and reduce sales to industrial users to ensure sufficient supply for domestic consumers. 

Potential Implications for Refiners 

While India has not banned exports of refined fuel like China, any future restrictions could impact companies like Reliance Industries, which operates the world's largest refining complex. Other refiners have already curtailed fuel exports, prioritising domestic supply. 

Conclusion 

India's directive for oil and gas firms to share data on exports, imports, and inventories is a strategic move to manage energy security amid global supply disruptions. By collecting this information, the government aims to make informed decisions to ensure adequate fuel supply for its population. 

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