Search For "oil import"
"Govt misleading public": SP MP on fuel concerns amid Iran-Israel war
Updated : 1 week, 3 days ago IST
Samajwadi Party MP Ram Gopal Yadav on Sunday alleged that the Union government is "misleading" the public with respect to the fuel concerns arising out of the disruption of maritime traffic in the Strait of Hormuz as the military escalation in the Middle East enters into the second week.<
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Rupee hits all-time low of 92.52 against US dollar amid surge in crude oil
Updated : 1 week, 3 days ago IST
The Indian rupee opened at an all-time low against the US dollar on Monday amid a sharp surge in crude oil prices and rising demand for the greenback.
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Pakistan's monthly oil import bill could skyrocket to $600 million, says F
Updated : 1 week, 2 days ago IST
Amid the developing security situation in West Asia, Pakistan could see its monthly oil import bill soar to a whopping USD 600 million, the country's Finance Minister Muhammad Aurangzeb said on Sunday, as reported by Dawn. Already reeling under economic stress, the country's Petroleum Min
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'To take a little pressure off': Trump says on US granting "permission" to
Updated : 1 week, 2 days ago IST
US President Donald Trump on Saturday (US local time) spoke to the media about several developments in the wake of the unfolding security situation in West Asia and the Gulf and responded to the announcement by US Treasury Secretary Scott Bessent on temporarily allowing India to purchase
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Prolonged West Asia conflict could slow down India's growth: SBI Research
Updated : 1 week, 3 days ago IST
The ongoing conflict in West Asia could have multiple economic implications for India, particularly through higher oil prices, disruptions in energy supply routes, and potential impacts on remittances and trade, according to a new report by SBI Research. The report highlighted that while the
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'Permitted India to accept Russian oil to ease temporary gap of oil around
Updated : 1 week, 2 days ago IST
Scott Bessent, the US Treasury Secretary, yet again said that the United States has given India the "permission" to accept Russian oil in the wake of the developing security situation in West Asia.
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"Reports of petrol, diesel shortage baseless": IndianOil urges citizens no
Updated : 1 week, 2 days ago IST
"Reports on social media suggesting a shortage of petrol and diesel are baseless. India has sufficient fuel stocks, and supply and distribution networks are functioning normally," IndianOil said.
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2012 deal with US on no Iran Oil purchase burns holes in Cong attack on Go
Updated : 1 week, 2 days ago IST
However, historical records from the Congress-led UPA government's tenure indicate that India too had reduced oil imports from Iran following pressure linked to US sanctions.
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"Trying to ban India, other partners from buying cheap, affordable Russian
Updated : 1 week, 3 days ago IST
Russian Foreign Minister Sergey Lavrov took a dig at the United States in an interview with TV BRICS and said that there are efforts to ban India and other partners from purchasing Russian oil, Sputnik reported on Monday.
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"National interest will continue to guide our choices": Foreign Secy on re
Updated : 1 week, 3 days ago IST
Speaking during a Special Briefing by the Ministry of External Affairs (MEA) here, Misri stated that decisions in the energy sector, whether by the government or businesses, would be guided by national interests, while clarifying the issue of actual sourcing.
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"Decisions taken by buyers, trade deal doesn't decide": Piyush Goyal on Ru
Updated : 1 week, 3 days ago IST
"The buying of crude oil, LNG, or LPG from the US is in India's strategic interest as we diversify sources. But the decisions are taken by the buyers themselves. The trade deal does not decide who will buy what and from where," Goyal told ANI.
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Truly extraordinary that Modi govt accepted US to monitor India's oil purc
Updated : 1 week, 3 days ago IST
Congress General Secretary Jairam Ramesh on Saturday slammed the Prime Minister Narendra Modi-led NDA government, alleging that the Centre has agreed to US monitoring of India's import of Russian oil as part of the interim framework agreement of the deal.
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