Oil imports

India’s crude oil imports rise by 1 per cent in September

Indian basket crude price averaged  USD 90.71 per barrel during September 2022, as against  USD 97.40 per barrel during August 2022 and  USD 73.13 per barrel during September 2021.

published on : 26th October 2022

India’s crude imports from Russia up 7.2 times in April-May 2022

India, which used to import around 2% of its oil needs from Russia, has enhanced its imports ever since the war broke out between Russia and Ukraine.  

published on : 14th July 2022

India's palm oil imports dip 33 per cent in May: SEA

The import of RBD palmolein rose sharply to 1 lakh tonnes from 2,075 tonnes, while that of crude palm kernel oil (CPKO) declined to 4,265 tonnes from 11,894 tonnes in the said period.

published on : 14th June 2022

Russian isolation won't spark 'acute' oil supply crunch: IEA

After supply fell by nearly one million barrels per day in April, losses could widen to three million barrels per day in the second half of the year, the agency said.

published on : 12th May 2022

Ready to support India in diversifying its energy imports: White House

India gets the bulk of its energy supplies from the Middle-East and around 7.5 to 8 per cent from the US, while the procurement from Russia in the past was less than one per cent.

published on : 7th April 2022

Poland plans to cut Russian oil imports by end of year

Morawiecki said he expects gas imports will be cut in May and called on other European countries to follow suit.

published on : 30th March 2022

Zelenskyy's 'desperate' plea to Congress: Send more planes

The US is considering sending American-made F-16s as backfill to former Soviet bloc countries in Eastern Europe that are members of NATO. They, in turn, would send Ukraine their own Soviet-era MiGs.

published on : 6th March 2022

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

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

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