Search For "oil import"
India must push for 25% oil tariff rollback after reducing import of Russi
Updated : 4 months, 1 week ago IST
The Global Trade Research Initiative (GTRI) flags unfair surcharge of 25 per cent as penalty imposed on Indian goods under the 'Russian oil' category.
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Despite US sanctions on Russian crude, margins of Indian oil companies to
Updated : 4 months, 1 week ago IST
The margins of India's oil marketing companies (OMCs) are unlikely to come under significant pressure despite the United States imposing sanctions on two of Russia's largest crude oil producers, Rosneft and Lukoil, according to a report by Fitch Ratings.
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India should halt sanctioned oil imports, seek tariff relief, and fair tra
Updated : 4 months, 3 weeks ago IST
India should halt sanctioned oil imports, seek tariff rollback, and resume trade talks only on fair terms with US, the Global Trade Research Initiative (GTRI) said in a note, outlining a three-step plan for India to protect its trade interests under the ongoing bilateral trade agreement nego
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Assessing implications of EU, UK, US move on oil imports from Russia, wil
Updated : 5 months ago IST
Reliance Industries said on Friday that it is assessing the implications, including the new compliance requirements, of the recent restrictions announced by the European Union, United Kingdom and the United States on crude oil imports from Russia and export of refined products to Europe a
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EU pledges continued financial aid to Ukraine, backs Russian energy import
Updated : 5 months ago IST
The EU pledged financial aid to Ukraine through 2027, approved its 19th sanctions package against Russia, and began talks to ban Russian gas and oil imports. Zelenskyy welcomed the support, while EU leaders emphasized long-term backing for Ukraine and measures to counter Russia's energy w
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"Trump shouldn't tell what India will do": Shashi Tharoor criticises US Pr
Updated : 5 months ago IST
As US President Donald Trump claimed that India will significantly reduce Russian oil imports by year-end, Congress MP Shashi Tharoor on Thursday hit back by criticising him for making announcements on behalf of New Delhi.
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India's crude import costs rise as Russian share dips, amid pressure to re
Updated : 5 months ago IST
India's average crude import cost has increased sharply versus the Dubai benchmark, in FY2026 so far, even as the share of Russian crude in the country's oil basket has declined, said Kotak Institutional Equities in its latest report.
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"They are going to stop...it's a process": Trump repeats claims India will
Updated : 5 months ago IST
However, India denies any agreement, emphasising its priority to safeguard consumer interests. The country's energy policy prioritises stable prices and secure supplies. Trump had imposed 50% tariffs on Indian goods, urging New Delhi to diversify energy sources.
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'Spoke to PM Modi, he's not going to buy much oil from Russia': Trump
Updated : 5 months ago IST
US President Donald Trump yet again claimed to have discussed with PM Modi about India's import of Russian oil, he told reporters on Tuesday (US local time) after the Diwali celebrations at the Oval Office.
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"Trump has clearly brushed aside MEA's denial": Jairam Ramesh questions Ce
Updated : 5 months ago IST
Congress leader Jairam Ramesh on Tuesday questioned the Centre over US President Donald Trump's repeated claims of speaking to Prime Minister Narendra Modi over the purchase of Russian oil.
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"They are pulling back": Trump repeats claim of India "not be buying" Russ
Updated : 5 months, 1 week ago IST
While addressing a bilateral lunch with Ukrainian President Volodymyr Zelenskyy in the White House, the US President again claimed that India had significantly reduced its oil imports from Russia and is now pulling back entirely, stating that New Delhi "will not be buying oil from Russia
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"Priority to safeguard Indian consumer interests" says India in response t
Updated : 5 months, 1 week ago IST
India on Thursday responded to comments made by US President Donald Trump about Prime Minister Narendra Modi's assurance to halt Russian oil purchases, stating that the country's energy sourcing is guided by its national interests and the need to protect Indian consumers.
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