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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
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  • 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 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
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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.
  • Page 22FIPI POLICY AND ECONOMIC
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  • POLICY AND ECONOMIC OIL & GAS MARKETFIPI Figure 14: HSBC India Manufacturing PMI sa, >50 growth since previous month
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  • 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
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  • 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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  • FIPI
  • POLICY AND ECONOMIC
  • OIL & GAS MARKET

Key Policy developments/Significant news in Energy sector

1. E20 a Clean, High-Performance Fuel; Moved Ahead Only After Rigorous Testing on Older Vehicles: Industry Experts

The Ministry of Petroleum and Natural Gas along with the Ministry of Heavy Industries and the Ministry of Road Transport and Highways organised a press conference in New Delhi, where leading experts from the energy and automobile sectors addressed the media on the E20 ethanol-blended petrol programme. It was highlighted that ethanol blending has been a measured, scientifically driven, step-by-step process, and vehicle owners were reassured that E20 fuel poses no cause for concern.

The press conference was addressed by Ms. Vartika Shukla, Former Chairman and Managing Director, Engineers India Limited (EIL); Shri Vikram Gulati, Country Head & Executive Vice President, Toyota Kirloskar Motor (TKM); Shri Rahul Bharti, Senior Executive Officer, Corporate Affairs, Maruti Suzuki; Shri Ashutosh Varma, Chief Business Officer, Hero MotoCorp; Shri Prasad Krishnan, Senior Vice President, TVS Motor Company; Shri Puneet Anand, Associate Vice President, Hyundai Motor India; and Shri Manpreet Singh Bindra, Circle Head - Sales (North & East), Urbanite Business, Bajaj Auto Limited.

Shri Vikram Gulati, Country Head & Executive Vice President, Toyota Kirloskar Motor, said the automotive industry is among the most strongly regulated sectors, with vehicles undergoing rigorous testing and certification by independent, globally accredited agencies before and after market introduction. He described ethanol as a high-performance, clean fuel, in use since the early 1900s and even in Formula racing. He added that the decision to move to E20 was taken only after rigorous testing on older vehicles, and clarified that the recently launched E85 dispensing stations are meant exclusively for flex-fuel vehicles, marking the direction of future policy.

On questions regarding the independence of testing agencies, Shri Gulati clarified that testing protocols are not set in India alone; India is party to UNECE, testing procedures are internationally standardised, and testing agencies are accredited, globally compliant and also undertake testing for exported vehicles. He stated that these protocols cannot be compromised.

Shri Rahul Bharti, Senior Executive Officer, Corporate Affairs, Maruti Suzuki, gave a "statement of confidence" to customers, stating that vehicles designed for E10 have been tested with E20 fuel across all parameters, with no areas of concern. He informed that of the 2.84 crore cars serviced by Maruti Suzuki in FY 2025-26, more than 1.5 crore were over three years old and hence not E20-certified, and no E20-related issues of corrosion, wear and tear or damage to component life were reported from the field.

On mileage, Shri Bharti stated that the calorific value of E20 is lower than that of E10 by about 3 to 3.5 per cent, and the mileage impact is limited to this extent. Illustrating, he said that for a car giving

July 2026