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Union minister Nitin Gadkari said development work worth Rs 5 lakh crore would be started in Maharashtra. (Phptp: Debasish Dey)

Country facing 'economic crisis' due to crude oil imports: Gadkari

Rising international oil prices are inflating domestic transport fuel costs in a strong demand environment.

4 Oct 2018 4:23 PM IST

Crude oil was trading higher 0.68 per cent to Rs 4,139 per barrel in futures market on Thursday.

Iran oil imports fell 15.7 per cent in fiscal year 2017-18

In March, India's oil imports from Iran were 4,30,000 barrels per day.

20 April 2018 2:00 PM IST

However, imports too jumped 49 per cent to $37.88 billion in April 2016, pushing trade deficit to a 29-month high $13.2 billion

Govt sets up high-level task force to find out ways to reduce import

On an average, India's imports stand at around USD 450 billion per year.

12 July 2018 4:36 PM IST

The oil ministry held a meeting with refiners on Thursday, urging them to scout for alternatives to Iranian oil, the sources said. (Representational Image/AFP)

No waivers for countries like India: US on reducing oil imports from...

Washington is stepping up pressure on all countries, including India and China, to completely stop buying oil from Iran...

3 July 2018 4:20 PM IST

Though Dubai depends less on oil income, fluctuations in crude oil prices have affected all sectors of its economy. The slowdown took its toll on the small and unorganised sectors in the form of unpaid outstanding dues for companies, unpaid wages for workers and large scale job losses.

Crude oil futures fall by Rs 70 amid weak trend overseas

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 April 2019 4:15 PM IST

We expect the global leaders will understand our requirements, Petroleum Minister Dharmendra Pradhan said.(Photo: File | PTI)

India's crude oil production falls by 4.15 pc in 2018-19

Falling domestic crude oil production has pushed up India's oil imports to nearly 84 per cent of total consumption.

26 April 2019 12:00 PM IST

The platform will invest in opportunities in the ports sector, and beyond sea ports into areas such as river ports and transportation, freight corridors, port-led special economic zones, inland container terminals, and logistics infrastructure including cold storage.

Exports grow 11 per cent in March; trade deficit narrows

Trade deficit narrowed to USD 10.89 billion as compared to USD 13.51 billion in the same month last year.

15 April 2019 7:59 PM IST

Iranian foreign minister Mohammad Javad Zarif greets external affairs minister Sushma Swaraj before their meeting in New Delhi on Tuesday. (Photo: AP)

India will decide Iran oil imports after polls: Govt

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 IST

Oil minister Dharmendra Pradhan on Sunday inaugurated Pradhan Mantri Ujjwala Yojana here on Sunday.

No plan to completely ban petrol and diesel vehicles: Dharmendra...

NITI Aayog has reportedly proposed that after 2030, only electric vehicles should be sold in India.

17 July 2019 12:39 PM IST

Amid US sanctions, Iran on Tuesday said it believes India will act in its national interest on the issue of oil imports and Tehran can act as a protector of Indias energy security. (Photo: File)

Hopeful India will act in its national interest: Iran on oil imports

Mike Pompeo had said India has made 'hard choices' to cut off oil imports from Iran.

3 July 2019 9:20 AM IST

Govt plans extra tax on vegetable oil imports to boost domestic...

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 IST

Asked whether Saudi Arabia will increase oil supply to India to address the shortfall due to curb on import of oil from Iran, the envoy said his country is committed to Indias energy security and will meet any shortfall that may arise due to disruptions from other sources. (Photo: PTI)

We are committed to meet India's energy security needs: Saudi envoy

Yemen's Houthi terror group took responsibility for biggest-ever attacks on Saudi oil facilities which severely impacted...

22 Sept 2019 6:01 PM IST