Imports from Saudi Arabia rose to 8.88 million tonnes or 2.16 million bpd in June
26 Jul 2020 4:17 PM
Indian refiners in April filled tanks with cheaper oil, sold extra cargoes to the federal government for strategic reserves
24 Jun 2020 10:29 AM
India currently levies 37.5% and 45% import tax respectively on crude and refined palm oil
09 Jun 2020 9:00 AM
Oil product imports dropped 6.5% to 3.35 million tonnes, their first year-on-year decline in 16 months
23 May 2020 9:22 AM
Oil prices have dropped by about two-thirds this year as the COVID-19 pandemic has hammered demand
06 Apr 2020 10:17 AM
Yemen's Houthi terror group took responsibility for biggest-ever attacks on Saudi oil facilities which severely impacted global oil supply.
22 Sep 2019 6:01 PM
India currently imposes a 40 per cent import tax on crude palm oil and 50 per cent on refined palm oils.
26 Aug 2019 11:19 AM
NITI Aayog has reportedly proposed that after 2030, only electric vehicles should be sold in India.
17 Jul 2019 12:39 PM
Mike Pompeo had said India has made 'hard choices' to cut off oil imports from Iran.
03 Jul 2019 9:20 AM
The Iranian foreign minister paid a brief visit to New Delhi on Tuesday to hold talks with Ms Swaraj.
15 May 2019 5:46 AM
The oil for delivery in June also fell by Rs 64, or 1.37 per cent, to Rs 4,592 a barrel in 695 lots.
26 Apr 2019 4:15 PM
Falling domestic crude oil production has pushed up India’s oil imports to nearly 84 per cent of total consumption.
26 Apr 2019 12:00 PM
Trade deficit narrowed to USD 10.89 billion as compared to USD 13.51 billion in the same month last year.
15 Apr 2019 7:59 PM
Rising international oil prices are inflating domestic transport fuel costs in a strong demand environment.
04 Oct 2018 4:23 PM
Proposal came at 2+2 meeting; transportation cost an issue.
24 Sep 2018 2:31 PM
If the rupee is to stay around 70 per dollar for the rest of the ongoing fiscal, the oil import bill will be USD 114 billion.
16 Aug 2018 2:36 PM
It plans to invest 100 billion rupees and would build 12 biofuel refineries.
10 Aug 2018 11:56 AM
On an average, India's imports stand at around USD 450 billion per year.
12 Jul 2018 4:36 PM
Washington is stepping up pressure on all countries, including India and China, to completely stop buying oil from Iran by November 4.
03 Jul 2018 4:20 PM
Dharmendra Pradhan told reporters in Mumbai that the country would attend to its interests while deciding on oil imports.
29 Jun 2018 11:31 AM