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Technology

Policy Economic Report July 2026 - v4

By sanjay singh

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Share link
https://covver.com/magazine/sanjaysingh1305/policy-economic-report-july-2026-v4-2
Published
Aug 7, 2026
Pages
80
Language
English

More in this magazine

  • CoverFIPI Federation of Indian Petroleum Industry
  • Page 2FIPI POLICY AND ECONOMIC OIL & GAS MARKET
  • Page 3FIPI POLICY AND ECONOMIC OIL & GAS MARKET
  • Page 4FIPI POLICY AND ECONOMIC OIL & GAS MARKET
  • Page 5FIPI POLICY AND ECONOMIC OIL & GAS MARKET
  • Page 6FIPI POLICY AND ECONOMIC OIL & GAS MARKET
  • Page 7FIPI POLICY AND ECONOMIC
  • Page 8FIPI POLICY AND ECONOMIC OIL & GAS MARKET and options. Speculators were increasingly betting on easing geopolitical risk premiums. At the same time, they sharply raised short positions to their highest level since December 2025, fuelling volatility and accelerating the decline in oil futures prices. Combined futures and options net long positions in ICE Brent and NYMEX WTI dropped to their lowest level since January 2026.
  • Page 9FIPI POLICY AND ECONOMIC OIL & GAS MARKET
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  • Page 12FIPI POLICY AND ECONOMIC OIL & GAS MARKET
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  • Page 15FIPI POLICY AND ECONOMIC OIL & GAS MARKET
  • Page 16FIPI POLICY AND ECONOMIC OIL & GAS MARKET growth path despite recent geopolitical disruptions. Emerging market economies generally outperformed advanced economies, with India recording the strongest expansion among all economies covered by the survey, followed by Ireland, China and Japan, reflecting the continued resilience of domestic demand in several Asian economies.
  • Page 17FIPI POLICY AND ECONOMIC OIL & GAS MARKET
  • Page 18FIPI POLICY AND ECONOMIC OIL & GAS MARKET
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  • Page 21FIPI POLICY AND ECONOMIC OIL & GAS MARKET per cent in FY 2026-27, compared with 7.7 per cent in FY 2025-26, before improving modestly to 6.8 per cent in FY 2027-28. While the projected slowdown reflects a more challenging global environment, India's growth outlook continues to compare favourably with that of other major economies, supported by resilient domestic demand, sound macroeconomic fundamentals and continued policy support.
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  • POLICY AND ECONOMIC OIL & GAS MARKETFIPI Figure 14: HSBC India Manufacturing PMI sa, >50 growth since previous month
  • Page 28FIPI POLICY AND ECONOMIC
  • Page 29FIPI POLICY AND ECONOMIC OIL & GAS MARKET
  • POLICY AND ECONOMIC OIL & GAS MARKETFIPI Figure 15: Total Trade during June 2026
  • Page 31FIPI POLICY AND ECONOMIC OIL & GAS MARKET
  • Page 32FIPI POLICY AND ECONOMIC OIL & GAS MARKET
  • Page 33FIPI POLICY AND ECONOMIC OIL & GAS MARKET
  • Page 34FIPI POLICY AND ECONOMIC OIL & GAS MARKET kilometres of previously restricted offshore areas have significantly expanded exploration opportunities. These reforms, complemented by investments in geoscientific surveys and the National Data Repository, are expected to improve exploration success rates and attract greater investment into frontier basins.
  • Page 35FIPI POLICY AND ECONOMIC
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  • POLICY AND ECONOMIC OIL & GAS MARKETFIPI Indian Basket Crude oil price
  • POLICY AND ECONOMIC OIL & GAS MARKETFIPI Table 4: Non-Doc liquids production in 2026, mb/d
  • Page 42FIPI POLICY AND ECONOMIC
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  • POLICY AND ECONOMICFIPI OIL & GAS MARKET
  • Page 45FIPI POLICY AND ECONOMIC
  • Page 46FIPI POLICY AND ECONOMIC OIL & GAS MARKET
  • Page 47FIPI POLICY AND ECONOMIC OIL & GAS MARKET was further revised for the period 1st April, 2025 30th September, 2025 was notified as US$10.04/MMBTU on Gross Calorific Value (GCV) basis. Prices were further revised for the period 1st October, 2025 - 31st March, 2026 was notified as US$9.72/MMBTU on Gross Calorific Value (GCV) basis as per notification dated 30th September 2025. As per notification dated 31st March 2026, gas prices were further revised for the period 1st April 2026-30th September 2026 and was notified as US$ 8.90/MMBTU on Gross Calorific Value (GCV) basis.
  • POLICY AND ECONOMICFIPI OIL & GAS MARKET
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  • POLICY AND ECONOMIC OIL & GAS MARKETFIPI Solar street lighting and provision of lighting in Rs. 1 lakh per MPC MPCs of PVTG areas (under PM JANMAN
  • Page 70FIPI POLICY AND ECONOMIC OIL & GAS MARKET
  • Page 71FIPI POLICY AND ECONOMIC
  • Page 72FIPI POLICY AND ECONOMIC OIL & GAS MARKET
  • Page 73FIPI POLICY AND ECONOMIC OIL & GAS MARKET success of efforts to ramp up assured domestic supply and reduce reliance on the blending mandate.
  • Page 74FIPI POLICY AND ECONOMIC
  • Page 75FIPI POLICY AND ECONOMIC OIL & GAS MARKET bring together governments, industry, investors, technology leaders, researchers, startups and academia to strengthen partnerships, promote innovation and shape the future of sustainable and technology-driven mining. Highlighting the transformative reforms undertaken over the past decade under the leadership of Prime Minister Shri Narendra Modi, he noted that transparent auctions, commercial coal mining, accelerated exploration, ease of doing business and technology-led governance have positioned India among the world's most attractive mining destinations. Referring to emerging global challenges related to energy security, critical minerals and resilient supply chains, he said India is pursuing an integrated approach that combines policy reforms, technological advancement, value addition, sustainability and international collaboration to build a future-ready mining ecosystem. The Minister expressed confidence that the event would strengthen global partnerships, showcase India's mineral potential and technological capabilities, and contribute to realizing the vision of Aatmanirbhar and Viksit Bharat. He urged all technology innovators, researchers, industries and other stakeholders to be part of the India Mining Week 2026.
  • Page 76FIPI POLICY AND ECONOMIC OIL & GAS MARKET policy reforms and accelerated exploration. Announcing the forthcoming launch of the 8th round of Critical and Strategic Mineral Blocks auctions, he said the initiative will further strengthen domestic availability of critical minerals, encourage greater private sector participation, attract investment and reinforce India's resilient mineral value chains. He noted that India Mining Week 2026 will serve as a global platform to showcase India's mining reforms, resource potential and emerging opportunities while fostering international collaboration, innovation and investment in the sector.
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OIL & GAS MARKETSource: Ministry of Commerce & Industry

FIPI

POLICY AND ECONOMIC

OIL & GAS MARKET

Division-wise inflation across the remaining expenditure categories revealed significant variation in price movements. Personal Care, Social Protection and Miscellaneous Goods & Services recorded the highest inflation at 16.72 per cent, followed by Restaurants and Accommodation Services (6.91 per cent), Food & Beverages (5.05 per cent) and Paan, Tobacco and Intoxicants (4.83 per cent). Inflation also remained elevated in Transport (4.31 per cent), reflecting higher mobility-related costs, while Education Services (3.34 per cent) and Clothing and Footwear (3.23 per cent) registered moderate price increases.

In contrast, inflation remained relatively subdued in Furnishings, Household Equipment and Routine Household Maintenance (2.19 per cent), Housing, Water, Electricity, Gas and Other Fuels (1.99 per cent), Recreation, Sport and Culture (1.75 per cent), Health (1.42 per cent) and Information and Communication (0.43 per cent), indicating that inflationary pressures remained uneven across expenditure categories.

Wholesale Prices and Producer Price Indices (Base Year: 2022-23)

Wholesale price inflation in India remained elevated during June 2026, reflecting sustained cost pressures across the production chain, particularly from fuel, energy and manufactured products. The Wholesale Price Index (WPI) inflation increased marginally to 9.87 per cent (year-on-year) in June 2026 from 9.68 per cent in May 2026. The rise in wholesale inflation was primarily driven by higher prices of mineral oils (including petroleum products), food articles, basic metals, and chemicals and chemical products, while the WPI Food Index also recorded a notable acceleration during the month.

Figure 10: Wholesale Price Index (WPI) and Inflation Rate (June 2025 - June 2026)

WPI Index

YoY inflation rate (RHS)

  • Feb-26
  • Mar-26
  • Apr-26

Source: Ministry of Commerce & Industry

Among the major commodity groups, Fuel and Power continued to register the highest inflation at 27.41 per cent, although it moderated from 30.33 per cent in May 2026. Inflation in Primary Articles accelerated to 7.00 per cent from 4.99 per cent, reflecting higher prices of food articles and minerals. Meanwhile, inflation in Manufactured Products remained unchanged at 7.48 per cent, indicating that cost pressures across the manufacturing sector continued to persist despite some moderation in energy prices. The WPI

July 2026