{"id":88292,"date":"2026-04-06T00:00:00","date_gmt":"2026-04-06T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/mena-india\/?p=88292"},"modified":"2026-04-06T09:55:02","modified_gmt":"2026-04-06T09:55:02","slug":"india-draws-oil-lpg-from-iran-under-us-sanctions-waiver","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/mena-india\/2026\/04\/06\/india-draws-oil-lpg-from-iran-under-us-sanctions-waiver\/","title":{"rendered":"India draws oil, LPG from Iran under US sanctions waiver"},"content":{"rendered":"

Indian<\/strong> refiners have<\/strong> secured oil and gas supplies from Iran with no payment hurdles<\/strong>, the Petroleum and Natural Gas Ministry said on X<\/a> \u2014 the first such imports since 2019, after US-imposed sanctions had curbed flows. The government did not reveal the quantity purchased nor specify the names of the companies importing from Iran. <\/p>\n

Sanctions window opens:<\/strong> The flows come on the back of a temporary US waiver<\/a> allowing Iranian oil already in transit to be traded, in a bid to ease global supply shortages triggered by the war. <\/p>\n

India has also imported 44k tonnes of Iranian LPG on a sanctioned vessel<\/strong> currently being discharged at Mangalore port along the west coast, as part of broader efforts to stabilize fuel availability amid panic and supply shortages back home. <\/p>\n

What we know: <\/strong>The tanker Aurora, initially destined for China<\/a>, has docked at Mangalore port. Its cargo will be split between Indian Oil Corporation, Bharat Petroleum Corporation, and Hindustan Petroleum Corporation. India\u2019s attempts to tap Iranian crude faced limited accessible supply and execution bottlenecks<\/a>, with large volumes tied up in Chinese storage and supply chains. <\/p>\n

Why it matters<\/strong>: <\/strong>As the world\u2019s third-largest oil importer, India has quickly moved to diversify sourcing \u2014 it has secured crude requirements for the coming months, per the ministry, drawing from over 40 supplier nations to manage volatility and reduce risk. However, the docking of sanctioned vessels on Indian ports may test the limits of the US\u2019 temporary waiver. For India, the country\u2019s energy security appears to outweigh the risks. <\/p>\n

\n

Reduced fuel pricing kicks in<\/p>\n

State<\/strong>-run oil companies are paying refineries reduced rates for petrol, diesel, and aviation turbine fuel to offset losses from frozen retail prices<\/strong>, Hindu Businessline<\/a> reports. Markdowns of up to INR 60 per liter (USD 0.65) have been applied to refinery transfer prices.<\/p>\n

Pressure from rising crude: <\/strong>With global oil prices above USD 100 \/ bbl, refiners including Indian Oil Corporation, Bharat Petroleum Corporation, and Hindustan Petroleum Corporation are absorbing<\/a> significant losses. By adjusting transfer pricing, the government is pushing the financial strain upstream to shield consumers and fuel retailers from elevated crude costs.<\/p>\n

Why it matters: <\/strong>The move redistributes losses across the value chain but risks distorting market-linked pricing, especially for private refiners, as India balances inflation control with energy sector stability.<\/p>\n","protected":false},"excerpt":{"rendered":"

With global shortages intensifying, India turns to Iran for crude and gas under a temporary waiver, even as operational details remain opaque<\/p>\n","protected":false},"author":1,"featured_media":88293,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2723],"tags":[2409,2966,2760,2402,2952,2774,2722],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-88292","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-big-story-today","tag-energy","tag-energy-security","tag-energy-watch","tag-enterpriseam-india","tag-india-iran","tag-lng","tag-the-big-story-today","wpautop","entry"],"acf":{"mongo_id":"26b3ac3d-7170-47f1-ada0-cf5fb15407dd","order":"3","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2026\/4\/261.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Iranian barrels + LPG reach India","related_issue":[88288],"teaser":"With global shortages intensifying, India turns to Iran for crude and gas under a temporary waiver, even as operational details remain opaque"},"yoast_head":"\nIndia draws oil, LPG from Iran under US sanctions waiver - MENA India Corridors<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/mena-india\/2026\/04\/06\/india-draws-oil-lpg-from-iran-under-us-sanctions-waiver\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"India draws oil, LPG from Iran under US sanctions waiver\" \/>\n<meta property=\"og:description\" content=\"With global shortages intensifying, India turns to Iran for crude and gas under a temporary waiver, even as operational details remain opaque\" \/>\n<meta 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