The production of all eight core industries -- cement, coal, crude oil, electricity, fertilizers, natural gas, refinery products and steel -- recorded positive growth in August over the corresponding month of last year, according to the Ministry of Commerce and Industry.
As per the Gazette of India, the Ministry of Finance, Department of Revenue, issued two notifications, amending previous taxation rates. According to the notifications, the windfall tax on domestic crude oil production has been increased significantly, while levies on the export of aviation
The United States Department of Justice confirmed on Friday that it seized a cargo containing nearly one million barrels of Iranian oil earlier this year, Al Jazeera reported.
Congress leader Rahul Gandhi on Friday said that the Opposition bloc understands India’s relations with Russia, and contended they would by and large agree with the country’s position on the ongoing war in Ukraine.
The price of Kuwaiti oil went down by 48 cents to USD 89.42 per barrel on Tuesday, compared to Monday's rate of USD 89.90 pb, said the Kuwait Petroleum Corporation (KPC) on Wednesday.
This is India’s first-ever LCS and is expected to reduce transaction costs and time and increase reliance on local currencies. This will further add to the preferential terms accruing from CEPA. Traders can choose the payment currency based on mutual agreement.
The import of crude oil from Russia has been suspended after more furnace oil was produced than petrol during the refining process, according to sources in the energy sector, The News International reported on Sunday.
Two persons were seriously injured in an explosion which took place while they were allegedly assembling a crude bomb in the North 24 Parganas district of West Bengal, officials said on Wednesday.
Japan's crude oil imports from the United Arab Emirates amounted to 25.63 million barrels in June 2023 or 37.4 per cent of total imports, the Natural Resources and Energy Agency of Japan's Ministry of Economy, Trade and Industry said.