India's Refiners Export Diesel as LPG Imports Take Hormuz Hit

India is producing diesel and shipping it abroad to meet soaring demand from countries scrambling to secure supplies, according to Indian Oil & Gas.

The country's liquefied petroleum gas (LPG) demand is likely to decline by around 100,000 barrels per day in 2026, Indian Oil & Gas reported, because the closure of the Strait of Hormuz affected roughly 90% of India's imports of the cooking fuel.

State refiner earnings swung sharply higher. Oil Corporation's standalone net profit rose to Rs 216.30 billion in the September quarter, up from a loss of Rs 26.61 billion in the preceding quarter, according to Indian Oil & Gas.

Indian Oil Corporation chairman A S Sahney said the country's gasoline demand is likely to peak by 2035 as ethanol blending rises and more vehicles run on batteries and natural gas, according to peakoil.com.

Bharat Petroleum Corporation Limited (BPCL) plans to invest an additional USD 1.8 billion in its Mozambique gas project over the next two years, Indian Oil & Gas reported.

BPCL also moved on wave energy. Eco Wave Power Global AB announced that BPCL issued a purchase order for the initial site assessment phase of the companies' planned wave energy project in Mumbai, according to Indian Oil & Gas.

In solar, NTPC Green Energy Limited announced the commercial operation of an additional 95.6 MW of solar capacity at the Kalasar Solar Energy Project in Bikaner, Rajasthan, according to Indian Oil & Gas.