The Oil Ministry has announced that city gas distributors will now receive a quarterly allocation of ‘new well gas’ alongside regular domestic gas to better meet customer demand. This new system replaces the previous auction-based supply. While new well gas is priced higher at 12% of the crude oil price, it remains a cheaper alternative to imported gas.

India’s crude oil and natural gas production experienced declines in 2024-25 due to falling output from mature fields. This decrease has led to a rise in the country’s import bill, with India importing 88% of its crude oil and 51% of its gas consumption.

India’s ONGC faces declining natural gas production from aging fields, impacting CNG and piped gas supplies to city distributors like IGL and MGL. GAIL has notified a cut in APM gas supplies by up to 20%, effective April 16, 2025.

India plans to amend its nuclear liability laws, capping accident penalties for equipment suppliers to attract US firms like GE and Westinghouse. This move aims to boost nuclear power production to 100 gigawatts by 2047 and facilitate a $500 billion trade deal with the US. The changes address concerns stemming from the 2010 law, influenced by the Bhopal disaster.