Search For "oil imports"
Israel-Iran tensions could widen India's CAD by 0.3% of GDP, says ICRA
Updated : 8 months, 3 weeks ago IST
If the heightened tension in West Asia pushes average crude prices by USD 10 per barrel, it will typically push up India's net oil imports by nearly USD 13-14 billion during the year, enlarging India's CAD by 0.3 per cent of GDP, noted a recent report by ICRA.
Read More
Amit Shah praises PM Modi after Cabinet approves two multitracking project
Updated : 9 months ago IST
The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Narendra Modi on Wednesday, approved two projects of Ministry of Railways worth Rs 6,405 crore, with aim to improve travel convenience, reduce logistic cost, decrease oil imports and contribute to lower CO2 emissions.
Read More
Govt clears two railway projects worth Rs 6,405 cr in Jharkhand, Karnataka
Updated : 9 months ago IST
The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Shri Narendra Modi on Wednesday, approved two projects of Ministry of Railways worth Rs 6,405 crore, with aim to improve travel convenience, reduce logistic cost, decrease oil imports and contribute to lower CO2 emis
Read More
Dependence on traditional fuels would be 30% by the time India turns 100:
Updated : 1 year, 3 months ago IST
India's dependence on traditional fossil fuel-based energy will come down to 30 per cent by the time the country turns 100th, petroleum and natural gas minister Hardeep Puri said on Friday.
Read More
Centre allows Adani Krishnapatnam Port to import petroleum products
Updated : 1 year, 3 months ago IST
The central government has allowed the Adani Group-owned port at Krishnapatnam in Andhra Pradesh to import petroleum into India by sea in public interest.
Read More
UAE supplies Japan with 47.8 pc of its oil imports in October 2024
Updated : 1 year, 3 months ago IST
Japan imported 31.80 million barrels of oil from the UAE in October 2024, accounting for 47.8 per cent of its total imports for the month, according to data from the Agency for Natural Resources and Energy under Japan's Ministry of Economy, Trade and Industry.
Read More
Russia is now largest supplier of crude oil to India, accounts for over 35
Updated : 1 year, 3 months ago IST
Speaking at the FIPI Oil and Gas Awards Ceremony, the minister highlighted the dramatic shift in India's oil sourcing over the past two years, with Russian oil imports surging from a mere 0.2 per cent in February 2022 to consistently occupying the top spot in recent months.
Read More
India's crude imports will not be impacted by Israel-Iran conflict: Expert
Updated : 1 year, 5 months ago IST
The ongoing conflict between Israel and Iran is not expected to have a significant impact on India's crude oil imports, as experts pointed out that India's crude imports from Iran are almost negligible.
Read More
If Middle east tension escalates, India's inflation, growth and BoP may se
Updated : 1 year, 11 months ago IST
With approximately 20 million barrels per day of crude oil and condensate passing through the Strait of Hormuz, equivalent to about a fifth of global consumption, any disturbance in this key maritime route reverberates across the world.
Read More
India's vegetable oil imports down 17% so far this season
Updated : 1 year, 11 months ago IST
The report further highlights a broader trend of declining overall vegetable oil imports, with the overall import volume during the five months from November 23 to March 24 reported at 5,830,115 tons. This marks a significant decrease of 17 per cent compared to the same period in the previou
Read More
Indian Coast Guard upgrades infra in crude oil hub in Gulf of Kutch near J
Updated : 2 years ago IST
Amid growing security concerns in the maritime zones, the Indian Coast Guard has upgraded its security infrastructure in India's crude oil hub in the Gulf of Kutch near Jamnagar where 70 per cent of Indian crude oil imports are received and major refineries, including that of Reliance are
Read More
India's vegetable oil imports decline 28% year-on-year in January
Updated : 2 years, 1 month ago IST
India imported 1.2 million tonnes of vegetable oils in January 2024, 28 per cent lower than it shipped in the same month last year at about 1.7 million tonnes, data compiled by The Solvent Extractors' Association of India (SEA) showed on Monday.
Read More