• Tag results for Oil imports

India close to winning US sanction waiver on Iran oil 

Currently, India pays its third largest oil supplier in euros using European banking channels. These channels would get blocked from November.

published on : 1st November 2018

Sri Lanka seeks waiver for Iranian oil imports

Swaraj had explained India's strategy on India and has said Sri Lanka could also follow the process and promised further information.

published on : 21st October 2018

Will ensure non-Iranian crude, sanctions won't affect India: US

Though India, one of the biggest importers of Iranian oil, has already reduced its import, it has indicated that it is unlikely to go down to zero given its massive energy needs.

published on : 29th September 2018

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

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

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