Govt's Firm Stand On Buying Russian Oil Saves $8 Billion In India's Import Bill
Prime Minister Narendra Modi-led government has stood firm in maintaining its ties with Russia despite the Western sanctions against Moscow.
May 02, 2024, 12:24 PM IST
Govt Cuts Windfall Tax On Crude Oil, ONGC, OIL India Ltd To Gain
Upstream oil exploration and production companies ONGC and Oil India Ltd stand to gain as they will have to pay a lower tax on their crude.
May 01, 2024, 14:57 PM IST
Global Oil Prices Rise Amid Increasing Middle East Conflict
India imports over 85 per cent of its crude oil requirement and a substantial spike in global oil prices could raise the country’s oil import bill.
Apr 19, 2024, 14:31 PM IST
With First Oil Discovery From ONGC's KG Basin, India's Inches Closer Towards Dream Of Atmanirbhar Bharat In Energy Sector
The discovery of oil in ONGC's Krishna Godavari basin concurs with dreams of India's mission for an 'Aatmanirbhar Bharat'.
Jan 09, 2024, 12:18 PM IST
Oil Marketing Stocks In Limelight On Account Of Fall In Crude Price
Sugar stocks too witnessed fresh buying due to improved domestic demand.
Nov 23, 2023, 17:19 PM IST
BIG UPDATE On Petrol, Diesel Price; Govt May Cut Fuel Prices By Rs 3-5 A Litre Around Diwali
Last week, the government cut the price of the domestic 14.2kg LPG cylinder by Rs 200/LPG cylinder for all 330 million consumers w.e.f. August 30.
Sep 06, 2023, 15:45 PM IST
Historic First: India, UAE Settle Crude Oil Transaction Using National Currencies
A Local Currency Settlement (LCS) system was established as a result of a Memorandum of Understanding (MoU) exchanged during PM Narendra Modi's visit to the UAE last month.
Aug 15, 2023, 15:57 PM IST
India's Export, Import Fell In May, Trade Deficit Rises To 5-Month High
As a result, the trade deficit rose to a five-month high of $22.1 billion. India has been consistently witnessing a trade deficit for many years now.
Jun 15, 2023, 20:56 PM IST
Windfall Tax On Diesel Export Hiked To Re 1 Per Litre
The government raised the tax on the export of diesel to Re 1 per litre from Rs 0.50.
Mar 21, 2023, 13:02 PM IST
Iran says oil exports reach highest level since US reimposed sanction in 2018
The Iranian oil Minister claimed that the country`s gas exports have witnessed a year-on-year rise of 15 per cent in the current Iranian calendar year, noting that Iran has raked in $6.5 billion from its liquefied petroleum gas exports since March 2022.
Mar 13, 2023, 08:42 AM IST
Chorus Grows Around Bringing Petrol & Diesel Under GST as FM Sitharaman Puts Ball in State Courts
The 49th meeting of the GST Council is scheduled to be held here in the national capital on February 18, to be chaired by finance minister Sitharaman.
Feb 16, 2023, 15:02 PM IST
Rupee ends as worst-performing Asian currency in 2022: Report
The rupee was also a victim of a rally in oil prices sparked by the Russia-Ukraine conflict, which pushed India's current account deficit to a record high in the September quarter in absolute terms.
Dec 30, 2022, 20:18 PM IST
Non-fossil sources to meet 62 % of India's total energy demand by 2030
According to the power ministry, the country's electricity generation capacity will reach 820 GW by 2030, including more than 500 GW from non-fossil fuel sources.
Dec 16, 2022, 16:56 PM IST
Russia welcomes India's decision to not support G7's price cap on Russian oil
Russian Deputy Prime Minister welcomed India`s decision not to support the price cap on Russian oil, which was imposed on December 5 by the G7 countries and their allies.
Dec 11, 2022, 12:42 PM IST
Russia rejects West-imposed oil price cap; says to respond soon
Russia has repeatedly said it will not supply oil to countries that implement the cap - a stance reaffirmed by Mikhail Ulyanov, Moscow's ambassador to international organisations in Vienna, in posts on social media on Saturday.
Dec 04, 2022, 08:58 AM IST
Baat Pate Ki: Russia rejects Pak's demand to provide subsidized oil
Russia simply refused to give discounted crude oil to Pakistan. A delegation of Pakistani officials had sought 30 to 40 per cent discount on crude oil in talks with Russian officials. But, on the very next day of this conversation, Russia flatly refused to give any kind of discount to Pakistan in crude oil.
Dec 02, 2022, 22:40 PM IST
Deshhit: Moscow refuses to give Pakistan discounted Russian crude oil!
Russia has bluntly told Pakistan that it will not give it cheap crude oil like India. For the second time in two months, a delegation of the Government of Pakistan went to Moscow. There it appealed to the Vladimir Putin government to supply oil to Pakistan at a 40% discount.
Dec 02, 2022, 22:04 PM IST
Baat Pate Ki: India increases oil imports from Russia
Angered by the ongoing war between Russia and Ukraine, many countries of Europe banned the purchase of oil from Russia. After which Russia increased the supply to other countries, including India.
Nov 07, 2022, 22:36 PM IST
Petrol, Diesel Price on October 31: Check latest fuel rates in your city today
Scroll ahead to find out today's fuel rates in your city.
Oct 31, 2022, 09:39 AM IST
Petrol-Diesel Price today, October 4, 2022: Check today's petrol and diesel rates in your city
Oil Marketing Companies(OMCs) like Indian Oil, Bharat Petroleum, and Hindustan Petroleum update petrol and diesel price in different cities every morning based on foreign exchange rates and international benchmark prices. However, the price of petrol and diesel has remained unchanged for a long time.
Oct 04, 2022, 09:41 AM IST
