Budget 2026: India’s oil industry seeks lower GST rates, compensation on LPG under recovery - Moneycontrol

The oil sector wants lower GST rates or exemptions for pipeline construction materials, CNG, and biogas. The midstream industry is requesting the removal of the 2.5% customs duty on LNG imports to make natural gas more widely used as a fuel. January 13, 2026 / 18:29 IST The country imports over 80% of its crude oil requirements. India's oil industry seeks tax relief, GST inclusion for crude and na…