Union Minister for Petroleum and Natural Gas Hardeep Singh Puri on Tuesday said that the country could save 91,000 crore rupees on the import bill through biofuel blending and this money could be utilized for the benefit of the agricultural sector.
This level, indicative of persistent challenges for the rupee, reflects an ongoing struggle against strong dollar demand, high crude oil prices, and considerable foreign institutional outflows.
Oil prices in India are expected to remain stable amid the rising geopolitical tensions as the country have several options to buy crude oil indicated Union Minister for Petroleum and Natural Gas, Hardeep Singh Puri in a social media post.
Hardeep Singh Puri, Minister for Petroleum and Natural Gas on Tuesday said that no one can predict fuel prices because of the uncertainty that has prevailed in different parts of the world.
Hardeep Singh Puri, Minister for Petroleum and Natural Gas on Tuesday said that there is no shortage of oil in the world and prices will come soon, answering the question of the recent upswing in crude oil prices.
This has been driven by factors like geopolitical tensions, fluctuating crude oil prices, and adjustments by Foreign Institutional Investors (FIIs) due to China's recent economic stimulus.
Oil prices added to earlier gains after President Joe Biden suggested that US and Israeli officials were discussing a possible strike by Israel against Iranian oil facilities, the Washington Post reported
India's oil exports have been impacted by the fall in crude oil prices, leading to a contraction in the country's overall exports in August, according to a report by CRISIL.
New Delhi [India], August 9: Smallholder farmers express heartfelt gratitude to the Asian Palm Oil Alliance (APOA) for voicing concerns regarding a recent decision to reduce palm oil content in soaps by 25 per cent. This decision, reportedly influenced by increased palm oil prices and enviro
Karnataka State Road Transport Corporation (KSRTC) Chairman SR Srinivas has said that a bus fare hike is unavoidable due to rising oil prices. He explained that it has been five years since the last fare increase in 2019, and current economic conditions necessitate an adjustment to cover ope