Search For "oil imports"
Pakistan's monthly oil import bill could skyrocket to $600 million, says F
Updated : 5 days, 3 hours 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 : 6 days, 1 hour 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 : 6 days, 20 hours 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 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 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 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 month 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 month 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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Truly extraordinary that Modi govt accepted US to monitor India's oil purc
Updated : 1 month 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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US lifts 25% penalty tariff on India over Russian oil imports
Updated : 1 month 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 month 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 month 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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