Food Ministry asks edible oil firms to pass on full benefit of import duty cutsThe Food Ministry has requested edible oil companies to reduce distributor prices following recent import duty reductions. This directive a...
24 Sep, 2026, 06.52 PM IST
India must reduce oil & gas dependence, shift to renewables: Power Secy Pankaj AgarwalPankaj Agarwal emphasized the need for India to shift from oil and gas towards renewable energy. He noted recent events have highlighted th...
24 Sep, 2026, 02.16 PM IST
Retail prices of cooking oils may fall after duty cut: Industry body IVPACooking oil prices could ease after the government cut import duties on crude and refined sunflower, soybean and palm oils, industry body I...
24 Sep, 2026, 10.00 AM IST
Oil firms face Rs 530 crore daily fuel losses as crude surges: ICRAState-run oil marketing companies IOC, BPCL and HPCL are facing losses of about Rs 8 a litre on petrol and Rs 9 on diesel as crude prices s...
23 Sep, 2026, 03.39 PM IST
India’s Russian oil imports fall 16.5% in August as Middle East supplies riseIndia’s Russian oil imports fell 16.5% month-on-month to about 2.1 million bpd in August, while purchases from Iraq rose sharply and Saudi ...
22 Sep, 2026, 06.58 PM IST
Rupee sways with oil and intervention cues, keeping traders light-footedTraders pointed to media reports stating that Iran had offered to reopen the Strait of Hormuz, a key energy artery,if the US eases military...
22 Sep, 2026, 03.51 PM IST
India’s oil buyers may cut Russia cargoes as US risk risesIndian refiners may reduce Russian crude imports amid new US sanctions. This move comes as the US legislation allows tariffs on countries b...
22 Sep, 2026, 09.53 AM IST
Oil’s sea lanes get tougher to navigate; India must press Iran to ease Hormuz blockadeSea lane disruptions in the Red Sea and Persian Gulf impact India's oil imports significantly. India faces challenges securing oil from Wes...
21 Sep, 2026, 11.07 PM IST
India soyoil imports to rise to record high on price competitivenessIndia's soyoil imports are projected to reach a record high in the upcoming marketing year. Higher soyoil purchases will offset declining s...
21 Sep, 2026, 03.48 PM IST
US' nips at Moscow may sour India tiesIndia voices strong opposition to potential US tariffs on Russian oil imports. This move could negatively impact India-US relations and glo...
21 Sep, 2026, 08.29 AM IST
Crude Oil Above $100: Can Saudi Arabia’s export disruption trigger a new global energy shock?Crude oil has crossed $100 a barrel as Saudi Arabia faces disruptions to its alternative export route following attacks on the East-West Pi...
19 Sep, 2026, 12.28 PM IST
India's August crude oil imports fall over 11% month-on-monthIndia's crude oil imports in August witnessed a significant decline, falling by more than eleven percent compared to July. On an annual bas...
18 Sep, 2026, 04.40 PM IST
Replacing Russian crude near impossible for Indian refiners as US sanctions bill threatens 100% tariff, say executivesIndian refiners face challenges replacing Russian crude imports due to new US legislation. Many key suppliers are already cut off, complica...
18 Sep, 2026, 05.30 AM IST
OIL CMD Ranjit Rath outlines the company's growth prioritiesOIL is eyeing higher domestic oil and gas production, accelerated exploration including deep and ultra-deepwater opportunities, strengtheni...
17 Sep, 2026, 08.34 PM IST
Russian oil uncertainty hangs over India’s largest buyersIndian state-owned refiners are facing rising crude supply uncertainty as Middle East disruptions coincide with the risk of tougher US rest...
17 Sep, 2026, 08.12 PM IST
India must not let energy security become a US trade ‘weapon’, warns GTRIAccording to a warning from a US think tank, Indian goods could face tariffs as high as 100%. This move may compel India to significantly l...
17 Sep, 2026, 07.51 PM IST
Russia squeezed, Saudi route hit, China circles: Why India's oil bill could get heavierIndia is encountering soaring costs for crude oil imports due to ongoing global supply chain issues. Disruptions in Saudi oil export infras...
17 Sep, 2026, 12.23 AM IST