IOC Boosts LPG Production by Nearly 30% Amid Strait of Hormuz Disruptions

The Indian Oil Corporation (IOC) has increased its liquefied petroleum gas (LPG) production by nearly 30% in response to Strait of Hormuz disruptions, which threatened energy supplies. IOC Chairman Arvinder Singh Sahney stated that the company diversified crude sourcing and secured alternative supplies to maintain continuity of energy supplies.

India imports more than 88% of its crude oil requirements, with about 45% linked to the Strait of Hormuz. The company used 24-hour control rooms and real-time market monitoring to respond to supply gaps, maintaining product availability despite a shift away from Middle Eastern crude grades.

IOC reported record operating performance for the year ended March 2026, with a standalone net profit of Rs 36,802 crore on a turnover of about Rs 8.86 lakh crore. The company processed a record 75.45 million tonnes of crude and had its refineries operate at more than 100% utilisation.