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flag India requires oil firms to disclose production and import data to boost energy security amid global instability.

flag On March 18, 2026, India mandated oil and gas companies to submit detailed data on production, imports, stocks, and consumption to the Petroleum Planning and Analysis Cell (PPAC), overriding confidentiality agreements. flag The move, driven by global energy instability from the U.S.-Israeli conflict with Iran, aims to strengthen energy security, improve supply chain monitoring, and support rapid policy responses. flag With over 90% of oil imports from West Asia and rising LPG shortages, the government is prioritizing domestic supply, urging refiners to boost output, limit exports, and discouraging panic buying. flag Despite sufficient current stocks, India is preparing for potential disruptions, leveraging refining capacity and Russian crude purchases under a U.S. sanctions waiver.

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