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A fuel glut in China, a hangover from demonetisation in India, and an ageing, declining population in Japan are holding back crude oil demand growth in three of the worlds top four oil buyers.

Iraq replaces Saudi as top oil supplier to India in August: report

Overall India's monthly oil imports in August rose 3.1 per cent to about 4.7 million barrels.

11 Sept 2018 9:19 AM IST

The situation calls for policy change to induce a faster alternate energy development programmes in the techno-economic paradigm, and quicker switchover to local renewable energy sources including EVs nationwide.

Hurry! Line up fossil fuel alternatives

For India Biomass-based energy generation has to be the major focus area of renewable energy programme.

30 Sept 2018 5:49 AM IST

Petroleum ministry has been demanding to bring petrol and diesel on GST to give relief to consumers from high prices.

Petrol, diesel continue to touch new height

A litre of petrol has touched at Rs 90.57 (increased by Rs 0.22) per litre in Mumbai.

28 Sept 2018 2:07 PM IST

The oil ministry held a meeting with refiners on Thursday, urging them to scout for alternatives to Iranian oil, the sources said.

India should reduce or stop crude oil import from Iran: Moody's

US is working with countries that import Iranian oil to cut their purchases substantially.

27 Sept 2018 12:41 PM IST

Petroleum ministry has been demanding to bring petrol and diesel on GST to give relief to consumers from high prices.

Rs 100 per litre petrol may become reality this New Year

Every Rs 1 fall in its exchange rate against dollar will add another 65 paisa to pump prices of auto fuels.

27 Sept 2018 8:32 AM IST

Reserve Bank of India (RBI) on Thursday directed all payment system operators in India to store data within the country.

FinMin, RBI working out mechanism to ensure smooth India-Iran trade

The commerce secretary says India will impose duties on imports within WTO norms.

26 Sept 2018 8:17 AM IST

The price of petrol in Delhi climbed to Rs 75.71 per litre from Rs 75.55 and diesel to Rs 67.50 a litre from Rs 67.38.

Fuel prices continue to rise, petrol sold at Rs 90.22 per litre in...

In New Delhi, the petrol price has surged yet again and is retailed at Rs 82.86 per litre.

25 Sept 2018 9:51 AM IST

Annually, Rs 2,500 crore of fuel is bought at petrol pumps and now a part of it being talked of being home delivered.

Govt may seek to control retail fuel prices to cushion inflationary...

About 30-40 per cent of current retail fuel prices in India are composed of federal and state taxes.

25 Sept 2018 8:25 AM IST

Visiting Venezuelan Foreign Minister Jorge Arreaza said in New Delhi on Monday that Venezuela wants trade with India in oil and other commodities such as food and medicines to be conducted in Indian Rupees and not in US Dollars. (Representational image)

India to pay in rupees for Iranian oil

India had planned to import about 25 million tonnes of crude oil from Iran in the current fiscal.

20 Sept 2018 6:29 PM IST

India has the highest retail prices of petrol and diesel among South Asian nations.

As petrol prices sky-rocket, Indians look for ways to ease the pain

Protests against high petrol and diesel prices paralysed many parts of India earlier this month.

20 Sept 2018 11:54 AM IST

Additionally, the hasty implementation of GST has again hit the economy hard, resulting in a serious economic slowdown.

Indians' faith in economy falters

Pew Survey claims 27% more Indians feel economy is not doing well.

20 Sept 2018 1:18 AM IST

The Liberian-flagged oil tanker had last called Saudi Arabia and was destined for India at the time of the incident, as per another maritime body. (Representational Image: Twitter)

Houthis target oil tanker to India

This marks the third incident in the past month where Houthi missiles have targeted India-bound ships

18 Feb 2024 1:08 AM IST