IOC Boosts LPG Production Amid Strait of Hormuz Disruptions

Indian Oil Corporation (IOC) has successfully ramped up liquefied petroleum gas (LPG) production by nearly 30% despite supply disruptions to maritime trade through the Strait of Hormuz due to the Gulf war. The company's refineries operated above 100% utilisation, and LPG production was increased within a short period.

IOC chairman Arvinder Singh Sahney said that the company prioritised maintaining continuity of energy supplies despite constrained sourcing options and volatile international markets. He credited close monitoring and guidance from the Ministry of Petroleum and Natural Gas for the successful response to supply gaps.

The disruption came as IOC was reporting a record operating performance. For the year ended March 2026, the company posted a standalone net profit of Rs 36,802 crore on turnover of about Rs 8.86 lakh crore. The company is also accelerating investment in its core refining operations, with expansions at Panipat, Gujarat, and Barauni expected to raise IOC's group refining capacity from 80.75 million tonnes a year to about 98 million tonnes.