• Tag results for Oil imports

India to pay in rupees for Iranian oil

The official said Iran is open to accepting rupee payment for oil and may use the money to pay for equipments and food items it buys from India.

published on : 20th September 2018

India's cooking oil imports rise 11% in August

India, the world's leading cooking oil buyer, had purchased 13.61 lakh tonnes of edible and non-edible oils from the global market in the same month last year.

published on : 14th September 2018

Need to propel biofuel production to curb crude oil imports: Nitin Gadkari

 The minister also stressed the need for promoting waterways as a mode of transportation urging investors to come up with offers for plying catamarans and seaplanes.

published on : 14th September 2018

Government raises ethanol price by 25 per cent for blending in petrol

The move would help sugar mills quickly release arrears of cane farmers, which stands at over Rs 13,000 crore.

published on : 12th September 2018

Government bats for biofuels to cut oil import bills

Prime Minister Narendra Modi on Friday said that the government is aiming to triple ethanol production in four years to help save `12,000 crore in oil import bill. 

published on : 11th August 2018

Oil import from Iran: India, US hold crucial talks

The US delegation is in India as part of the Trump administration's efforts to reach out to countries who are major importers of oil from Iran.

published on : 17th July 2018

US says global oil capacity enough to make up for Iran cutbacks

Brian Hook, the State Department's director of policy planning, told a news conference that the US goal was to get as many countries as possible down to zero Iranian oil imports.

published on : 2nd July 2018

US diktat to stop Iranian oil imports: Petroleum minister Dharmendra Pradhan 

With around 200 million barrels per annum,India is the third largest consumer of fossil fuels after the US and China and is one of the few markets that has a steady demand growth.

published on : 28th June 2018

India preparing for cut in oil imports from Iran : Sources

India's oil ministry held a meeting with refiners on Thursday, urging them to scout for alternatives to Iranian oil, the sources said.

published on : 28th June 2018

United States says no exemption to India on oil imports from Iran

President Donald Trump withdrew the US from the Iran nuclear deal in May to pursue a maximum pressure campaign against Tehran's atomic programme.

published on : 27th June 2018

India's oil imports from Venezuela hit lowest in over five years

India's oil imports from Venezuela averaged around 300,000 barrels per day between November, 2017 and February, 2018, a drop of about 20 percent from the same period a year earlier.

published on : 13th March 2018

India's oil imports in 2017 surged to a record 4.4 million barrels per day

To meet its growing fuel demand India, the world's third-biggest oil consumer, raised its refining capacity in the second half of 2017.

published on : 17th January 2018

Iraq set to dethrone Saudi Arabia as top supplier of crude oil to India

CementinG a three year long trend of increasing crude oil imports, Iraq is set to dethrone Saudi Arabia as India’s single largest supplier of crude oil this fiscal.

published on : 19th December 2017

India's 2017-18 edible oil imports seen at 15.9 million tonnes: brokerage

India's edible oil imports are likely to rise to 15.90 million tonnes in the 12 months through October 2018, up from an estimated 15.14 million tonnes shipped this marketing year.

published on : 26th October 2017

Union Budget 2017: India plans oil giant combining other state-owned firms to take on global rivals

Jaitley also announced a cut to the import tax for liquefied natural gas to 2.5 percent from 5 percent.

published on : 1st February 2017