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Economy News, Latest Economic News Today | The HinduBusinessLine

GE, HAL clinch tech deal on joint jet engine plan India rejects USTR allegations, seeks termination of Section 301 probe Indian automobile sales record highest-ever sales in FY26, first time after FY19: SIAM Madhya Pradesh CM says basmati rice from the State is exported to 47 nations 63 Moons’ cybersecurity arm pilots GPS-spoofing solution at Indian airports Highways ministry notifies amendment to streamline fee for overloaded vehicles on NHs Global aviation crisis deepens as fuel shortage, Iran conflict hit airlines TRI launches agri-voltaic project to help farmers earn double income Hotel industry to hit $31 billion in 2029; listed hotel firms set to add 70k rooms by 2030: CBRE Temperatures may trend up over North-West, Central India until weekend Reduction in airport tariff credit neutral, minimal impact on revenue: Ind-Ra Global coffee prices rise as fertiliser costs and West Asia tensions threaten supply Bluspring Enterprises to acquire LSG Sky Chefs India, enters aviation catering sector China says policy to improve relations with India remains unchanged amid Arunachal naming row Research firms divided over impact of below normal monsoon on food inflation Unnat Krishi Mahotsav concludes, farmers to emerge as energy, fuel & hydrogen providers, says Gadkari Airlines may get ₹5,000 crore credit support under proposed ECLGS variant How kashmir’s breakthrough is making Gucchi mushroom farming possible Centre not taking away State’s power on bonus for agri produces, says FM Sitharaman Carriers cut flights on cost pressures, uncertain demand GE Aerospace scales AI from pilots to production; India anchors global capability West Asia crisis may push India’s current account deficit to 2% of GDP: Crisil Tax Dept to resume Tiger Global reassessment, says GAAR relief won’t alter SC ruling Ceasefire talks fail to restore vessel movement in Strait of Hormuz, fate of 599 ships remain inconclusive DMRC launches mid-life refurbishment of Blue Line trains to enhance safety and passenger experience Retail inflation likely rose 3.5-4% in March India-UK free trade pact may come into force from second week of May: Official 'West Asia war a good opportunity for energy reforms, lower costs for industry' India’s marine exports surge to ₹62,408 crore in 2024-25, Govt sets ₹1 lakh crore target PM Modi to inaugurate Dehradun-Delhi Expressway on April 14
Govt enhances C3, C4 allocation for pharma, packaging che...
Rishi Ranjan Kala · 2026-04-15 · via Economy News, Latest Economic News Today | The HinduBusinessLine
An inter-ministerial Joint Working Group (JWG) has been set up to ensure availability of petrochemical feedstock supply for the domestic market.

An inter-ministerial Joint Working Group (JWG) has been set up to ensure availability of petrochemical feedstock supply for the domestic market. | Photo Credit: MAIL PIC

The Ministry of Petroleum and Natural Gas (MoPNG) said on Wednesday that it will now make available 1,000 tonnes per day (TPD) of C3 (propane) and C4 (butanes/ butenes) streams for critical sectors such as pharma, packaging, polymers, etc.

The government introduced this scheme on April 1, under which refining companies including petrochemical complexes have to make available certain minimum quantities of C3 and C4 streams for critical sectors under the Department of Pharmaceuticals, Department of Food & Public Distribution, Department of Chemicals & Petro Chemicals, etc.

The allocation is based on specific quantity and refinery source as determined by the Centre for High Technology (CHT). On April 8, the government allocated 800 TPD from the C3 and C4 streams to these critical sectors. This allocation has now been raised by 25 per cent to 1,000 TPD.

Sujata Sharma, Joint Secretary in MoPNG, said an inter-ministerial Joint Working Group (JWG) has been set up to ensure availability of petrochemical feedstock supply for the domestic market.

“Based on the requests received from the Department of Pharmaceuticals, Department of Chemicals & Petro Chemicals (DCPC), Department for Promotion of Industry and internal trade (DPIIT), the provision for 1,000 TPD from LPG pool has been made for Pharma and Chemical sector companies. Since April 9, 2026, around 1,800 tonnes of propylene has been sold,” she added.

Domestic supply

Despite the ongoing geopolitical situation, the government has ensured 100 per cent supply to domestic LPG, domestic PNG and CNG (Transport). Besides, the supply of 5 Kg FTL cylinder to migrant labour has already been doubled based on average daily supply on March 2nd and 3rd (2026).

LPG supply continues to be affected by the prevailing geopolitical situation. However, no dry-outs have been reported at LPG distributorships, Sharma said.

Total commercial LPG allocation has been increased to about 70 per cent of pre-crisis levels, including 10 per cent piped natural gas (PNG) reform-linked allocation.

Since March 23, more than 14.6 lakh 5-kg Free Trade LPG (FTL) cylinders have been sold. Besides, PSU oil marketing companies (OMCs) have organised more than 5,000 awareness camps for 5 Kg FTL cylinders since April 3, wherein more than 57,800 units were also sold.

A total of 1,34,226 tonnes of commercial LPG, which is equivalent to more than 70.64 lakh 19-Kg LPG cylinders, has been sold since March 14. This includes more than 8,000 tonnes of auto LPG. The average auto LPG sale by PSU OMCs in April (till April 14, 2026) is around 282 TPD against the average of 177 TPD during February 2026.

Since March, about 4.5 lakh PNG connections have been gasified and another 5 lakh customers have registered for new connections. As on date, more than 34,200 PNG consumers have surrendered their LPG connections via MYPNGD.in website.

Published on April 15, 2026