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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
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  • 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.
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  • 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.
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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
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  • POLICY AND ECONOMIC OIL & GAS MARKETFIPI Figure 15: Total Trade during June 2026
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  • 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.
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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
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  • POLICY AND ECONOMICFIPI OIL & GAS MARKET
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  • 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
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  • Page 73FIPI POLICY AND ECONOMIC OIL & GAS MARKET success of efforts to ramp up assured domestic supply and reduce reliance on the blending mandate.
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  • 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

20 km per litre, the impact works out to roughly 0.6 km per litre, whereas factors such as tyre pressure, driving pattern, correct gear usage, acceleration, braking and maintenance cause far greater variation in mileage. This loss in mileage is more than compensated by better acceleration, better anti knocking and far lesser pollution in case of ethanol against pure petrol.

He clarified that vehicles are designed with factors of safety well beyond E20 compliance, and that no retrofitment kit is being offered in the market, with such solutions confined to R&D at present.

Ms. Vartika Shukla, Former Chairman and Managing Director, Engineers India Limited (EIL), said that the ethanol blending programme was structured through deliberation with all stakeholders and is supported by scientific evidence and extensive testing by automotive manufacturers, in line with global best practices. She noted that E20 fuel conforms to the BIS standard and BS-VI emission norms and is uniformly available across retail outlets in the country. She added that several countries have used ethanol blends for many years.

Shri Ashutosh Varma, Chief Business Officer, Hero MotoCorp, said that as one of the world's largest two-wheeler manufacturers, the company has analysed extensive service data and found no incidence of higher damage in vehicles running on E20 compared to earlier fuels.

The panel concluded by reaffirming the industry's collective confidence in the E20 programme and its commitment to addressing consumer queries with transparency.

2. Spudding of first appraisal well, MN-DWN18-1-HD, begins in Mahanadi offshore basin

Union Minister for Petroleum and Natural Gas, Shri Hardeep Singh Puri, marked the commencement of drilling of the first appraisal well, MN-DWN18-1-HD, in the Mahanadi Offshore Basin. Describing the occasion as "the beginning of a new chapter in India's journey towards energy security", the Minister said the commencement of drilling reflects the outcome of a decade of visionary reforms that have transformed India's exploration and production landscape.

The MN-DWN18-1-HD appraisal well being spudded in the Mahanadi Offshore Basin is the first of four planned deepwater wells that will systematically evaluate one of India's most prospective offshore basins. The drilling programme will employ world-class deepwater drilling technology to unlock new hydrocarbon resources and strengthen India's domestic production capability.

The Minister said that over the past decade, the Government has fundamentally transformed the exploration and production ecosystem through landmark policy and regulatory reforms.

He highlighted the introduction of the Hydrocarbon Exploration and Licensing Policy (HELP), replacement of the nomination-based approach with the Open Acreage Licensing Programme (OALP), adoption of a transparent Revenue Sharing framework and the opening of nearly 99% of the erstwhile offshore "No-Go" areas for exploration. He noted that nearly 81% of India's active exploration acreage

July 2026