India is aggressively positioning its energy sector as a $500-billion investment frontier, underpinned by a dual strategy of expanding domestic capacity and deepening global diplomatic ties. In an exclusive interview, Union Minister Hardeep Singh Puri outlines how New Delhi is leveraging Free Trade Agreements (FTAs) and bilateral energy partnerships to insulate the economy from global volatility while attracting the next generation of energy technology. Key pillars of this strategic push include: 1.Capacity Expansion: Aggressive scaling of refinery throughput and the redevelopment of mature brownfield assets. 2. Diplomatic Leverage: Utilizing ongoing negotiations with the UAE, Canada, and Norway to secure long-term supply chains and technical expertise in Geothermal and CCUS (Carbon Capture). 3. Market Diversification: A shift toward sector-agnostic sourcing and opening new exploration acreage to global majors and private players. 4. As the global energy map is redrawn, how is India balancing immediate crude security with the long-term transition? Listen in as Business Today’s Aishwarya Patil speaks with Union Minister for Petroleum and Natural Gas, Hardeep Singh Puri to dissect the roadmap for India’s energy independence goal
IEW 2026: At the curtain raiser press conference, Union Minister Hardeep Singh Puri remarked, “Global energy markets are going through a huge change. India is the place to watch out for on SAF.”
India has signed a historic one-year LPG import deal with the United States, marking a major shift in its energy diversification strategy. Petroleum Minister Hardeep Singh Puri announced that PSU oil companies—IOCL, BPCL, and HPCL—will import 2.2 million tons of LPG from the US, accounting for nearly 10% of India’s annual LPG imports. This decision follows extensive discussions between Indian oil PSU leadership and US officials, aimed at securing affordable and reliable energy supplies. While detailed pricing updates are awaited, the government has indicated that LPG prices under the Ujjwala scheme will likely remain in the ₹500–₹550 range. Industry sources suggest price stability is expected in the coming months, benefiting millions of consumers.
The agreement is benchmarked to Mount Belvieu, a key U.S. pricing hub, and follows months of negotiations by Indian energy officials with American producers.
Union Minister Hardeep Singh Puri, speaking at the 28th Energy Technology Meet in Hyderabad, said India’s refining sector is on a strong growth path even as global refining capacity faces major cuts. India, currently the fourth-largest exporter of refined products worth $45 billion, aims to break into the global top three. The Minister highlighted that India’s refining capacity could rise from 258 to 310 million tonnes per annum by 2030 — and possibly up to 450 MTPA. With refineries integrating more with petrochemicals and exports expanding to over 50 countries, Puri said the sector is driving revenue, efficiency, and energy security for India.
India’s biofuel story has taken an astonishing leap forward! Petroleum and Natural Gas Minister Hardeep Singh Puri reveals that the nation has not only met but exceeded its ambitious targets — achieving 20% biofuel blending six years ahead of schedule. What was once a distant goal is now a reality, and discussions are already underway about pushing the limit to 25% or even 27%. From setting an early example in sustainable energy to reducing import dependence, India’s rapid biofuel progress showcases its growing leadership in green innovation. Watch the full segment to find out how this transformation happened — and what’s next for India’s energy future.
India achieved a 20% ethanol blending in petrol this year, five years ahead of schedule. While it is an important step towards reducing crude oil imports, auto owners are complaining about reduced mileage and damaged engines. Does India’s ethanol policy need a tweak?
In this exclusive conversation with Marya Shakil, Union Petroleum and Natural Gas Minister Hardeep Singh Puri shares his perspective on the ongoing India-U.S. trade negotiations in the wake of Trump’s tariffs. Speaking at a crucial moment when key negotiators are in India, Puri emphasises Prime Minister Narendra Modi’s strong persona and his commitment to protecting Indian interests, particularly those of farmers. While declining to speculate on the outcome of the talks, Puri underlines that India is negotiating from a position of strength and maturity, with the assurance that the final outcome will serve the people of India. Watch this in-depth discussion for insights into India’s approach to international trade, diplomacy, and the balancing act of negotiation.
The Union Minister's opinion piece came after White House trade advisor Peter Navarro accused India of fuelling the Russia-Ukraine war through its continued purchase of Russian oil.
A key point of contention is the lack of fuel labelling — many consumers are unaware whether they are filling up with E10 or E20, often ending up with the wrong blend for their vehicle.
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