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A curated log of orders, notifications, tariff decisions and policy moves shaping the Indian oil & gas sector — Cabinet, MoPNG, CBIC, PNGRB, DGH, and state governments. Each entry carries the issuing body, the segment it affects, and a read on impact.
Cabinet
2
MoPNG
3
Finance Ministry
1
CBIC
5
PNGRB
1
DGH
1
Special Additional Excise Duty (SAED) on domestically produced crude oil cut from prevailing levels to nil, signalling calibration in line with softer Brent.
Affects: ONGC · OIL
Ref: Notification No. 29/2024-Central Excise
Additional ₹2/litre cess on petrol and diesel with effect from 8 April 2025, flowing to the Central Road and Infrastructure Fund. No retail price impact as OMCs absorbed the differential.
Affects: IOC · BPCL · HPCL
Directorate General of Hydrocarbons launched the tenth round of the Open Acreage Licensing Policy with 28 exploration blocks across onshore, shallow-water, and deep-water basins.
Affects: ONGC · OIL · RELIANCE
Amendment to the 1948 Act expanding definition of mineral oils to include shale, CBM and unconventionals; enables longer lease terms and dispute resolution via arbitration.
Affects: ONGC · OIL · RELIANCE
₹300 per 14.2-kg cylinder subsidy extended for Pradhan Mantri Ujjwala Yojana beneficiaries for FY 2024-25.
Affects: IOC · BPCL · HPCL
APM gas price ceiling mechanism: 10% of ICB monthly average, subject to floor of USD 4/MMBtu and ceiling of USD 6.5/MMBtu. HPHT ceiling set at USD 9.96/MMBtu.
Affects: ONGC · OIL · RELIANCE · GAIL
Three-zone unified tariff structure for national gas grid — Zone 1 ₹38.65, Zone 2 ₹74.72, Zone 3 ₹139.80 per MMBtu, applicable across integrated pipeline network.
Affects: GAIL
Accepted Parikh Committee recommendations: APM ceiling + floor, premium for new wells (2-year extension), ~20% of deep-water and HPHT fields remain market-linked.
Affects: ONGC · OIL · RELIANCE
100% of domestic APM gas earmarked for City Gas Distribution — CNG transport + piped domestic PNG get first call on produced volumes.
Affects: GAIL
India does not enforce the G7 USD 60/bbl cap but observes it via private-sector shipping/insurance pathways; state refiners continue to lift under structured discounts.
Affects: IOC · BPCL · HPCL · RELIANCE · NAYARA
SAED imposed on domestic crude (₹23,250/tonne initial), plus export duty on petrol (₹6/L), diesel (₹13/L), and ATF (₹6/L). Fortnightly review mechanism.
Affects: ONGC · OIL · RELIANCE · NAYARA
One-off excise reduction ahead of Diwali 2021 as crude moved above USD 80/bbl; multiple states followed with VAT cuts.
Affects: IOC · BPCL · HPCL
Central excise on petrol raised ₹10/L and diesel ₹13/L — the largest single increase. Move captured the benefit of crude at USD 20/bbl without retail price changes.
Affects: IOC · BPCL · HPCL