Search For "oil import"
US lifts 25% penalty tariff on India over Russian oil imports
Updated : 1 week, 3 days ago IST
In an executive order issued by President Donald J. Trump, the United States announced the termination of the additional tariff imposed in August 2025 on Indian imports, citing concerns about Russia's actions against Ukraine and India's then-imports of Russian oil.
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India open to resuming Venezuelan crude imports based on commercial viabil
Updated : 1 week, 3 days ago IST
India reaffirmed it remains open to sourcing crude oil from Venezuela and other regions based on commercial viability. MEA spokesperson Randhir Jaiswal highlighted Venezuela as a long-standing energy partner, noting India's pragmatic, market-driven approach to securing crude supplies.
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Energy security of 1.4 billion people remains "supreme priority": India re
Updated : 1 week, 3 days ago IST
India reaffirmed that energy security for its 1.4 billion people remains its supreme priority, pushing back against Donald Trump's claim on Russian oil. MEA spokesperson Randhir Jaiswal stressed diversified sourcing, while PM Narendra Modi confirmed the US trade deal without referencing o
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"Many questions unanswered": AAP MP Sanjay Singh on India-US trade deal
Updated : 1 week, 3 days ago IST
Aam Aadmi Party (AAP) Member of Parliament Sanjay Singh on Wednesday said that many questions were left unanswered in the Parliament by the Industries and Commerce Minister Piyush Goyal on the India-US trade deal.
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India could cut fuel import bill by USD 3 billion by switching to Venezuel
Updated : 1 month, 2 weeks ago IST
India's crude oil import bill could decline by up to USD 3 billion annually if the country shifts a portion of its crude sourcing from Russia to Venezuelan heavy crude, according to a new report by State Bank of India (SBI) Research.
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Will India halt Russian Oil imports under India-US Trade deal? Top Foreign
Updated : 1 month, 3 weeks ago IST
The Indian government has not confirmed if it is stopping Russian Oil Purchase. A joint statement on the exact tenets of the deal is awaited.
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India, US likely to issue joint statement on trade agreement this week: Go
Updated : 1 month, 3 weeks ago IST
The deal involves reducing reciprocal tariffs from 25% to 18% and eliminating the additional 25% duty on Russian oil imports into India. India has also agreed to increase imports from the US by $500 billion, covering sectors like energy, technology, agriculture, and defence.
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"India is making a bold move to align economically with the West": Partner
Updated : 1 month, 3 weeks ago IST
Following President Donald Trump's announcement of a US-India trade deal cutting tariffs to 18%, Partner Asia Group Nisha Biswal Nisha Biswal highlighted deeper cooperation, while Prime Minister Narendra Modi welcomed the move amid India's expanding engagement with Western partners.
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"Oil purchases from Russia dropped sharply because of US threat:" P Chidam
Updated : 1 month, 3 weeks ago IST
"I don't know the implications. I don't know what understanding has arrived at between India and the United States. We should buy oil wherever it's available, whether it's Russia, Venezuela, or whatever," Chidambaram told ANI.
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Trump says India has made deal to "buy Venezuelan oil"; urges China to do
Updated : 1 month, 3 weeks ago IST
Addressing reporters aboard Air Force One, he said, "China is welcome to come in and make a great deal on oil. We've already made a deal. India is coming in, and they're going to be buying Venezuelan oil as opposed to buying it from Iran. So, we've already made the concept of the deal." Read More
Crude oil imports from Russia decline, uptick from US: Economic Survey
Updated : 1 month, 3 weeks ago IST
The Economic Survey 2026 has highlighted a notable increase in terms of imports of crude oil from the United States (US) as compared to Russia in the Financial Year 2026 (April-November).
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"We can process Venezuelan crude if made available": IOCL Chairman
Updated : 2 months ago IST
Chairman of Indian Oil Corporation Ltd (IOCL), A S Sahney, said that Indian refineries are "robust" and can process Venezuelan crude if it becomes available.
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