GAIL reports a 41% profit drop to ₹1,481 crore in Q4 FY26, citing LNG supply losses and recommends a ₹0.50 final dividend.

According to the Petroleum Planning and Analysis Cell, India’s refined petroleum product imports fell by 25.5% Y-o-Y in March 2026

Reliance Industries plans a refinery unit shutdown in Gujarat for maintenance, balancing production amid LPG supply challenges.

Addressing concerns over global energy markets, Bessent acknowledged a shortfall of up to 10 million barrels per day due to the crisis but expressed confidence that supply would stabilise