IOCs LPG Production Ramps Up 30% Amid West Asia Conflict
India's State-owned Indian Oil Corporation (IOC) managed to ramp up liquefied petroleum gas (LPG) production by nearly 30% despite supply disruptions due to the Gulf war, according to the company's chairman Arvinder Singh Sahney. The conflict in West Asia disrupted global energy markets, but IOC's refineries operated above 100% utilisation and LPG production was increased within a short period.
The company diversified crude sourcing, realigned refinery operations, and secured alternative supplies to maintain continuity of energy supplies despite constrained sourcing options and volatile international markets. IOC used 24-hour control rooms, daily reviews, and real-time market monitoring to respond to supply gaps.
The disruption came as IOC was reporting record operating performance for the year ended March 2026, with 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 and expects to account for more than 40% of the incremental capacity as India expands its refining capacity toward 300 million tonnes a year.