Petroleum and Natural Gas Minister Hardeep Singh Puri has asserted that recently notified Petroleum and Natural Gas Rules 2025 will introduce a paradigm shift in India’s quest to strengthen and boost domestic production of hydrocarbons. Sharing a news article in a social media post, the Minister said, the new rules provide a momentum towards achieving India’s energy security. He said, the new rules remove all ambiguity around what counts as the value of the lease. He said, the new rules put a time limit on approvals. Any application for a petroleum lease now has to be decided within 180 days. Mr Puri said that instead of forcing companies to juggle multiple licences at different stages, a single petroleum lease now covers exploration, development, production, and even related activities like renewable energy projects.
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