In a move aimed at strengthening oversight of the energy sector, the government has directed oil and gas companies to share detailed import and export data with the Petroleum Planning and Analysis Cell (PPAC).
The directive requires companies to regularly report shipment volumes, pricing, and destination details, enabling authorities to build a more accurate and real-time picture of the country’s hydrocarbon trade flows. Officials say the measure is intended to enhance transparency and support more informed policy decisions amid volatile global energy markets.
The move comes as India continues to navigate shifting crude supply dynamics and price fluctuations. By centralizing trade data, the government aims to monitor supply security, assess demand trends, and respond swiftly to potential disruptions.
Industry participants are expected to comply with standardized reporting formats, ensuring consistency and comparability of data across the sector. The information will also help policymakers evaluate the impact of international developments on domestic fuel availability and pricing.
While companies may face additional reporting requirements, officials indicate that improved data visibility will benefit both regulators and industry stakeholders by reducing uncertainty and enabling better planning.
The directive underscores the government’s push to strengthen data-driven governance in the energy sector, particularly at a time when global oil and gas markets remain highly dynamic.