Weakening rupee to make import of crude oil, commodities expensive, fuel inflation
India's trade deficit more than doubled to USD 27.98 billion in August due to increased crude oil imports.
Sep 25, 2022, 17:58 PM IST
India's oil imports from US to rise, amid criticism for Russian purchases
Japanese Prime Minister Fumio Kishida, meeting his Indian counterpart Narendra Modi during a visit on Saturday, said he will encourage a unified approach on Ukraine.
Mar 19, 2022, 15:36 PM IST
India's legitimate energy transactions shouldn't be politicised: Govt on oil imports from Russia
India has not supported the Russian invasion of Ukraine.
Mar 18, 2022, 14:11 PM IST
Crude oil at $100 per barrel, Govt may release Strategic Petroleum Reserves
India is the world's third-biggest oil importer of crude oil and imports over 80% of its oil needs.
Feb 26, 2022, 18:40 PM IST
India's December crude oil imports at one-year peak
However, imports were down 4.1% compared with a year earlier and were 5% higher from December 2019 before the onset of the pandemic.
Jan 24, 2022, 22:24 PM IST
IOC to import Iraqi oil for India's maiden strategic reserve
The first of the storages at Visakhapatnam (Vizag) is ready and IOC and Hindustan Petroleum Corp Ltd (HPCL) have been tasked to import Basra Light crude oil of Iraq to fill it, official sources said.
Jun 03, 2015, 17:12 PM IST
Kapil Dev Tripathi takes over as Oil Secretary
He comes in at a time when the ministry on the one hand is facing arbitration and court cases on multiple issues and on the other trying to ease red-tape and procedures to enable more oil and gas is produced.
May 01, 2015, 18:22 PM IST
