ONGC and HPCL Sign LPG Sale-Purchase Agreement to Strengthen Energy Security
ONGC and HPCL signed an LPG Sale-Purchase Agreement on August 18, 2025, bringing transparency, predictability, and long-term stability to India’s LPG supply chain.
New Delhi: Oil and Natural Gas Corporation Limited (ONGC) and Hindustan Petroleum Corporation Limited (HPCL) have signed an important LPG Sale-Purchase Agreement. This move strengthens their long-standing partnership and commitment to ensuring energy security for the nation.
The agreement, signed on August 18, 2025, sets up a clear framework for the sale and purchase of liquefied petroleum gas (LPG). According to officials, this arrangement is expected to bring more predictability, transparency, and commercial stability to LPG transactions between the two state-run energy companies.
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This initiative supports ONGC's long-term plan to improve downstream integration and increase market certainty. For HPCL, the deal guarantees a reliable supply of LPG, which is crucial for meeting India’s rising demand for household and industrial fuel.
Industry experts say that the agreement not only stabilizes LPG trade but also lays the groundwork for future collaborations between ONGC and HPCL. This will further help the government’s goal of making energy accessible and sustainable for everyone.
Both companies reaffirmed their shared commitment to inclusive growth and national energy security. They emphasized that this partnership marks another milestone in their efforts to provide "Energy Now and Next."
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