India is exploring increased imports of American shale gas, liquefied natural gas, and crude oil to diversify its energy sources and leverage competitive US pricing, a senior official said as both countries prepare for fresh bilateral trade negotiations.
LPG losses incurred by oil marketing companies (OMCs) are expected to decrease by around 45 per cent in FY26 if crude oil prices remain stable at USD 65 per barrel, according to a report by CareEdge Ratings.
In a strong push for environmental protection and sustainable living, Odisha Governor Dr Hari Babu Kambhampati has urged citizens to embrace green energy to reduce pollution, safeguard the planet and save much-needed foreign exchange by reducing the import of crude oil.
Congress President Mallikarjun Kharge on Tuesday hit out at the Modi government over the imposition of cess on petrol and diesel despite falling global crude oil prices and alleged that even though it has collected 38.89 lakh crore since 2014, it has "squeezed" the rightful share of states b
As crude oil prices decline sharply and global commodity markets reel under pressure, India's macroeconomic fundamentals appear much stronger compared to previous global crises, highlights a report by Motilal Oswal.
The US imposed sanctions on Wednesday on Shandong Shengxing Chemical Co., Ltd, a Chinese refinery, for buying over USD 1 billion worth of Iranian crude oil.
Nationalist Congress Party (Sharad Chandra Pawar) MP Supriya Sule on Tuesday expressed surprise at the recent hike in LPG cylinder prices, questioning why the public is not getting the benefit of the fall in crude oil prices in the country.
In a post on X, Stalin accused the BJP-led Central government of hiking excise duty on petrol and diesel prices despite a drop in global crude oil rates, stating that citizens are not asking for a price cut but merely begging for no further increases.
In a post on X, Kharge accused the government of exploiting the public, claiming that while crude oil prices have dropped by 34% since May 2014, the prices of fuel remain unchanged.
India's crude oil consumption will touch the mark of six and a half to seven barrels a day, as the country has seen the consumption go up from 5 million barrels a day to 5 and a half million barrels a day in the last three years, said Hardeep Singh Puri, Union Minister for Petroleum and Natu