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Petroleum Act draft: Licence breaches may no longer be criminal, but repeat violations could cost ₹5 crore

The draft Petroleum (Amendment) Bill, 2026 proposes decriminalising licence breaches, with civil penalties of up to ₹2.5 crore for a first violation and ₹5 crore for repeat breaches, while tougher punishment is proposed for serious offences.

Petroleum Act draft: Licence breaches may no longer be criminal, but repeat violations could cost ₹5 crore

We haven't written up this one. Live Mint has the full story — the link below goes straight to it.

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More in Business

Temasek broadens Gulf presence with two new offices

Singapore’s Temasek plans to open offices in Riyadh and Abu Dhabi in the first half of 2027, establishing its first physical presence in the Middle East as it steps up investment and partnerships…

  • Temasek to open offices in Riyadh and Abu Dhabi in 2027
  • First physical presence in the Middle East for the firm
  • CEO Dilhan Pillay Sandrasegara highlights regional growth potential

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