India orders oil, gas firms to share Import, Export data

India has announced that oil and gas companies will share detailed import-export, production, and stock data with the Petroleum Planning and Analysis Cell (PPAC) to improve transparency and strengthen monitoring of the energy supply chain. The move is aimed at enabling real-time tracking of fuel availability and better policy response during periods of global uncertainty.

The Government asked the industry to update and submit its data amid rising global prices triggered by the U.S.-Israeli war on Iran. This directive reflects growing concerns over supply disruptions and price volatility impacting India’s energy security.

The ‌companies must share information regardless of any “contract, agreement, commercial arrangement or confidentiality obligation,” the order said, adding ‌no entity can refuse to share details by claiming ‌it ?is “commercially sensitive or proprietary." This ensures regulators have full access to critical data for effective decision-making.

India was sourcing more than 40% ‌of its crude imports and 90% of its liquefied petroleum gas imports from West Asia, increasing its exposure to geopolitical risks. The order also aims to avoid a shortage for its 333 million ‌homes with LPG connections by ensuring timely coordination and efficient supply management across the country.

Source: https://www.reuters.com/