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Indias crude oil imports fall, product exports surge in April. (AFP Photo)

India's crude oil imports fall, product exports surge in April

Oil product imports dropped 6.5% to 3.35 million tonnes, their first year-on-year decline in 16 months

23 May 2020 3:52 AM GMT

Indias oil imports in May hit the lowest since Oct 2011. (AFP Photo)

India's oil imports in May sink to lowest in over 8 years

Indian refiners in April filled tanks with cheaper oil, sold extra cargoes to the federal government for strategic...

24 Jun 2020 4:59 AM GMT

India is considering raising import taxes on edible oils as the country seeks to become self-reliant by boosting local oilseed production. (AFP Photo)

India plans to hike edible oil import taxes to boost local supply

India currently levies 37.5% and 45% import tax respectively on crude and refined palm oil

9 Jun 2020 3:30 AM GMT

China imports more oil from Saudi than any other country in June. (AFP Photo)

China's crude imports from Saudi hit fresh high in June

Imports from Saudi Arabia rose to 8.88 million tonnes or 2.16 million bpd in June

26 July 2020 10:47 AM GMT

Saudi Aramco, the worlds top oil company which is preparing to go public, said on Sunday it has appointed new members to its board including a female executive.

India's oil import from Iran will not be impacted by US sanctions

But paying Iran for the oil India buys would become difficult in case European countries join the US.

9 May 2018 12:23 PM GMT

Oil and Natural Gas Corp (ONGC) has become Indias first company to hold a meeting of its Board of Directors at high sea. (File Photo)

ONGC clocks 6.3 per cent rise in gas production

It produced 23.484 billion cubic meters of gas in 2017-18 as against 22.088 bcm in 2016-17, he said.

7 May 2018 10:17 AM GMT

India pays its third largest oil supplier in euros using European banking channels and imports.

India preparing for cut in oil imports from Iran

Dharmendra Pradhan told reporters in Mumbai that the country would attend to its interests while deciding on oil...

29 Jun 2018 6:01 AM GMT

Donald Trump. (Photo: AP)

End oil imports from Iran or face sanctions: US to India

Iran is India's third-largest oil supplier behind Iraq and Saudi Arabia.

27 Jun 2018 8:58 PM GMT

India pays its third largest oil supplier in euros using European banking channels and imports.

US says no exemption to India on oil imports from Iran

In January 2012, Iran agreed to accept India's local currency, the rupee, to settle nearly half of its sales to India.

27 Jun 2018 9:09 AM GMT

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.

India's oil import bill to jump by USD 26 billion on rupee woes

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...

16 Aug 2018 9:06 AM GMT

Prime Minister Narendra Modi

Govt aims to cut oil imports by Rs 120 billion by using biofuels: Modi

It plans to invest 100 billion rupees and would build 12 biofuel refineries.

10 Aug 2018 6:26 AM GMT

India pays its third largest oil supplier in euros using European banking channels and imports.

US may supply oil to India to bridge gap post-Iran sanctions

Proposal came at 2+2 meeting; transportation cost an issue.

24 Sep 2018 9:01 AM GMT