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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

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  • CoverFIPI Federation of Indian Petroleum Industry
  • Page 2FIPI POLICY AND ECONOMIC OIL & GAS MARKET
  • Page 3FIPI 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
  • Page 31FIPI POLICY AND ECONOMIC OIL & GAS MARKET
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  • 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.
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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 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 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 emergence as a trusted partner in the global clean energy transition. Under the leadership of Prime Minister Shri Narendra Modi ji, the National Green Hydrogen Mission is creating a strong and future- ready ecosystem. It is attracting global investments, building international partnerships, and opening new markets for Indian green hydrogen and its derivatives, said Union Minister for New & Renewable Energy and Consumer Affairs & Food and Public Distribution, Shri Pralhad Joshi.

During his address, Secretary Ministry of New & Renewable Energy, Shri Santosh Kumar Sarangi said that from the perspective of the Mission, these agreements have delivered three key outcomes-they have created a market linkage with Japan for Green Ammonia and Green Methanol giving confidence to investors, it has shown that Green Hydrogen sector is becoming commercially mature with Indian clean fuels now being positioned as a reliable suppliers to global market and, creation of international green hydrogen and green ammonia value chains.

Mr. Takehiko MATSUO, Vice Minister METI, Government of Japan also addressed the event stating that the agreements are the flagship outcome of deepening India-Japan cooperation in clean energy.

These deals represent one of the largest green ammonia and methanol offtake commitments from India to Japan to date. They underscore the growing commercial maturity of India's green hydrogen ecosystem and reinforce long-term demand for production capacities established under the SIGHT Programme. The partnerships also contribute to Japan's energy transition and energy security objectives by ensuring a stable supply of low-carbon fuels from India.

ACME Group presented project overviews followed by the formal signing of agreements. Agreements were signed in the presence of senior officials from the Ministry of New and Renewable Energy (MNRE), representatives from the Government of Japan, including the Ministry of Economy, Trade and Industry (METI), and leadership from ACME Group, IHI Corporation, and MGC.

10. No Change in ALMM Policy; Centre Provides Extended Relief Window for Select Solar Projects up to December 2026

The Ministry of New and Renewable Energy (M/O N&RE) has decided that while there will be no change in the policy of Government of India in respect of implementation of Approved List of Models & Manufacturers (ALMM) List-II for solar PV cells, and no blanket extension in applicability of ALMM List-Il for solar power projects will be provided, however, a limited window is being provided for Net- metering projects and Open Access RE power projects, whereby such projects can now commission with exemption of ALMM List-II (for solar PV cells), till 31st December 2026. Earlier this dispensation for the limited segment of Net-metering projects and Open Access renewable power projects, was available till 31st May 2026.

This step will also help the standalone solar PV module manufacturers by providing them protection of investments already made, in the form of inventories, through additional demand creation. This will also provide them sufficient time before they could effectively increase their sourcing of solar

July 2026