Ministry of Petroleum & Natural Gas has drafted petroleum & natural gas rules, model revenue sharing contract (MRSC) and petroleum lease (PL), Union Minister for Petroleum and Natural Gas Hardeep Singh Puri informed through a social media post today, July 8.

In a X (earlier Twitter) post, Puri wrote, "As a part of our focus to accelerate oil & gas exploration under the leadership of PM @narendramodi Ji, a series of pathbreaking policy reforms are being implemented to promote exploration & production. These changes to increase the ease of doing business for our E&P operators are being made after stakeholder consultation at every level."

As a part of our focus to accelerate oil & gas exploration under the leadership of PM @narendramodi Ji, a series of pathbreaking policy reforms are being implemented to promote exploration & production. These changes to increase the ease of doing business for our E&P operators… pic.twitter.com/YDQJraD2BS

— Hardeep Singh Puri (@HardeepSPuri) July 8, 2025

He further said that the Oilfields (Regulation and Development) Act, 1948, was amended in March 2025, and new PNG rules have come within 3 months in the run up to OALP Round X, which is the largest such exploration & production bidding round globally. 

The minister also invites feedback and suggestions on draft Petroleum & Natural Gas Rules, Model Revenue Sharing Contract (MRSC) & Petroleum Lease before 17 July 2025 on [email protected].