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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 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.
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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 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 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.
  • 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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Text of this page
Key Achievements in Q1 FY 2026-27Key Highlights

FIPI

POLICY AND ECONOMIC OIL & GAS MARKET

Key Achievements in Q1 FY 2026-27

The captive and commercial coal mining sector continued to demonstrate sustained growth during Q1 FY 2026-27. Coal production from captive and commercial mines during the first quarter has grown at a CAGR of approximately 10.7% between FY 2024-25 and FY 2026-27, reflecting a steady upward trend in domestic coal production.

During the quarter, three coal mines Urtan, Dhirauli and Bikram commenced coal production. Together, these mines have a combined Peak Rated Capacity (PRC) of 7.51 MTPA.

The operationalization of these mines is expected to enhance domestic coal availability, strengthen supply security and support the growing requirements of the country's energy and industrial sectors, thereby contributing to economic growth.

The commencement of production from Urtan, a coking coal block, is particularly important as coking coal is a key raw material for steel production. The mine is expected to strengthen the availability of domestic coking coal for the steel sector and support efforts to reduce reliance on imports.

The Ministry of Coal attributes the sector's progress to policy initiatives, regulatory facilitation and sustained engagement with stakeholders. These efforts have enabled timely operational clearances, improved capacity utilisation and strengthened coal production and dispatch from captive and commercial coal mines.

19. Coal Imports Decline by Nearly 13% in April 2026, Reflecting Steady Progress Towards Import Substitution

India's coal import basket has registered a significant decline in April 2026, with total coal imports falling to 21.13 Million Tonnes (MT) from 24.27 MT in April 2025 - a reduction of 3.14 MT (about 12.95%). The decline reflects the sustained impact of the Ministry of Coal's continuing push for import substitution and enhanced domestic coal availability, particularly for the power sector.

Key Highlights

• Power Sector Imports Down Sharply: Coal imports by power plants fell by 24.89%, from 4.67 MT in April 2025 to 3.51 MT in April 2026, driven by improved domestic linkage supplies and reduced dependence on imported coal for blending.

• Imported Coal-Based (ICB) Plants: Imports for plants designed to run on imported coal declined by 27.45%, from 3.97 MT to 2.88 MT, the steepest reduction among all categories tracked.

⚫ Domestic Coal-Based (DCB) Plants for Blending Imported Coal: Coal imported for blending purposes by domestic plants fell by 11.26%, from 0.71 MT to 0.63 MT, underscoring the July 2026