Govt tightens oil & gas reporting

NOW REFINERS, OMCs, IMPORTERS MUST SHARE OUTPUT & STOCK DATA WITH PPAC

- SAURAV ANAND

THE CENTRE HAS mandated oil and gas companies to disclose detailed data on output, imports, stocks and consumption to the Petroleum Planning and Analysis Cell (PPAC), invoking statutory powers to tighten monitoring of the energy supply chain as disruptions in West Asia strain supplies.

“PPAC was getting it, but now with legal force it will be better implementable,” said Sujata Sharma, joint secretary (marketing & oil refinery), ministry of petroleum and natural gas, signalling a shift from voluntary reporting to enforceable compliance.

The move comes amid mounting supply stress after disruptions in the Strait of Hormuz, a critical global energy corridor. India imports about 88% of its crude oil, 50% of natural gas and nearly 60% of LPG, with a significant share historically routed through West Asia. While crude flows have been partly stabilised through alternative sourcing, LPG and gas availability — especially for industrial and commercial users — has tightened.