Petroleum regulatory updates India (Business Opportunities - Marketing & Sales)

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Petroleum regulatory updates India


Petroleum regulatory updates India

India's petroleum regulatory framework saw key updates in 2024 to boost transparency, attract investments, and modernize energy laws. The government passed the Oilfields (Amendment) Bill, redefining petroleum leases and including unconventional energy sources like shale gas and coal bed methane. The Petroleum (Amendment) Rules 2024 streamlined import rules for petroleum containers, enhancing safety and efficiency. The Petroleum and Natural Gas Regulatory Board (PNGRB) also revised pipeline tariff structures to promote fair pricing. Additionally, India removed the windfall tax on crude and fuel exports, supporting upstream companies. These reforms position India’s oil and gas sector for sustainable growth and global competitiveness, Petroleum regulatory updates, Indianpetroplus

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Last Update : May 14, 2025 4:04 PM
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