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  4. Crude Oil

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  • External Affairs Minister S Jaishankar interacts with

    'Have billions of rupees in Indian banks which we can't use': Russian Foreign Minister

    India | May 08, 2023 17:51 IST

    We need to use this (Indian Rupee) money. But for this, these rupees must be transferred in another currency, and this is being discussed now," said Russian Foreign Minister.

  • India, India becomes Europe's largest supplier of refined fuels, India supplier of refined fuels,

    India becomes Europe's largest fuel supplier while simultaneously buying record Russian crude oil

    Business | April 30, 2023 13:18 IST

    India has now become Europe's largest supplier of refined fuels this month as per the latest data from analytics firm Kpler.

  • Russian President Vladimir Putin with his Indian excellency

    'India prioritises national interests': Russian oil import soared THIS much despite sanctions

    World | March 28, 2023 19:21 IST

    It is worth noting that India is the world’s third-largest oil-consuming and importing nation. It imports 85 per cent of its crude oil needs.

  • Iraj Elahi, Ambassador of Iran to India

    'Iran is ready to export oil to India.. can resist West sanctions': Iranian Ambassador To India

    World | March 17, 2023 17:04 IST

    The diplomat claimed India is neither Taiwan nor South Korea and added it is a rising power with a powerful economy. Elahi claimed that New Delhi can easily resist the power of the West.

  • At that time, export duties of Rs 6 per litre (USD 12 per

    Windfall profit tax on crude oil cut; levy on export of diesel, ATF hiked

    Business | November 01, 2022 23:45 IST

    While the windfall profit tax is calculated by taking away any price that producers are getting above a threshold, the levy on fuel exports is based on cracks or margins that refiners earn on overseas shipments.

  • Kay aka Kanishka Lohar releases first Hindi track 'Na Tune Kaha' | Watch Video

    Kay aka Kanishka Lohar releases first Hindi track 'Na Tune Kaha' | Watch Video

    October 22, 2022 12:28 IST

    Kay has two more songs in the works before this year ends. A collaboration with Indian social media influencer Manav Chabbra and another Hindi single titled “Mein Jaau Kaha”.

  • BSE, sensex, NSE, equity markets, Asian Paints, Infosys, Wipro, HCL Technologies, nifty, crude oil

    Markets fall in early trade on weak global trends

    Business | October 11, 2022 17:04 IST

    Business News: In the 30-share Sensex pack, Titan, Power Grid, Maruti, Mahindra & Mahindra, Bharti Airtel, Hindustan Unilever, ICICI Bank, and State Bank of India were the major laggards.

  • Rupee against dollar, rupee falls, depreciation of rupee, early trade, crude oil prices, RBI, BSE

    Rupee falls 39 paise to fresh lifetime low of 82.69 against US dollar in early trade

    Business | October 10, 2022 13:12 IST

    Rupee v/s Dollar: At the interbank foreign exchange, the rupee opened at 82.68 against the greenback, then slipped further to 82.69, registering a fall of 39 paise over its previous close.

  • The rupee consolidated in a narrow range and settled 9

    Rupee rises by 9 paise to close at 81.58 against the US dollar

    Business | September 27, 2022 18:03 IST

    The rupee consolidated in a narrow range and settled 9 paise higher at 81.58 (provisional) against the US dollar on Tuesday as the American currency retreated from its elevated levels. At the interbank forex market, the local unit opened at 81.45 against the greenback.

  • A pump attendant fills petrol in a bike at a fuel station

    Govt hikes windfall profit tax on export of diesel, ATF; raises tax on domestic crude oil

    Business | September 01, 2022 7:08 IST

    India first imposed windfall profit taxes on July 1, joining a growing number of nations that tax super normal profits of energy companies.

  • oil import from russia to India, oil import in India, oil import from russia, oil imports India by c

    West's criticism of India for Russian oil imports reflection of its double standards: Russia

    India | August 28, 2022 14:16 IST

    Russia has not been a major source of fossil fuel for India but the imports of discounted Russian crude oil have seen a massive increase in the last few months, notwithstanding rising disquiet in many Western capitals.

  • Fuel export, crude oil

    Windfall tax on fuel export slashed; raised on domestic crude oil

    Business | August 03, 2022 6:58 IST

    Windfall tax on domestically produced crude oil was hiked to Rs 17,750 per tonne from Rs 17,000, a move that will hit producers like ONGC and Vedanta Ltd.

  • Central Government slaps tax on petrol diesel exports imposes windfall tax on crude oil, latest busi

    Central Government slaps tax on petrol, diesel exports; imposes windfall tax on crude oil

    Business | July 01, 2022 14:54 IST

    The levy on crude, which follows record earnings by state-owned Oil and Natural Gas Corporation (ONGC) and Oil India Ltd (OIL) and private sector Cairn Oil & Gas of Vedanta Ltd, alone will fetch the government Rs 67,425 crore annually on 29 million tonnes of crude oil produced domestically.

  • Russian oil now makes up 10 per cent of India's oil import

    India's Russian oil imports jump 50 times; now accounts for 10% of all import: Official

    Business | June 23, 2022 22:58 IST

    Last month, Russia overtook Saudi Arabia to become India's second-biggest supplier of oil behind Iraq as refiners snapped up Russian crude available at a deep discount following the war in Ukraine. Indian refiners bought about 25 million barrels of Russian oil in May.

  • PM Modi, Joe Biden virtual meet

    India not violating any sanctions by importing oil from Russia: United States

    India | April 12, 2022 3:35 IST

    US said that energy imports from Russia are not banned or part of sanctions, therefore, New Delhi is not violating US sanctions.

  • Fuel rates

    Petrol, diesel prices hiked again; sixth increase in a week

    Business | March 28, 2022 7:54 IST

    Prices had been on a freeze since November 4 ahead of the assembly elections in states like Uttar Pradesh and Punjab -- a period during which the cost of raw material (crude oil) soared by about USD 30 per barrel.

  • Representational image.

    With no rise in petrol, diesel prices by govt oil companies, private players not happy

    Business | March 20, 2022 12:57 IST

    In the past several weeks, the prices of crude oil in the international market had reached up to $140 per barrel, most recently last week. Though it fell down to $110 again but it's still way more than $80 per barrel earlier, causing losses to public sector companies as the government is not allowing petrol, diesel prices to rise for over 120 days now, says Dr. Sudhir Bisht, International crude oil expert.

  • Representational image.

    India may consider buying crude oil from Russia at discounted rate, say reports

    India | March 14, 2022 20:23 IST

    As Russian economy faces its worst since 1991, Moscow has urged India to increase its investments after sanctions over its oil-gas exports.

  • gas prices

    Removing Russian oil from market would raise prices to over $300/barrel: warns Moscow

    Business | March 08, 2022 17:06 IST

    Moscow has been supplying the European nations with roughly 40 percent of their gas needs, said Russia's deputy Prime Minister Aleksandr Novak.

  • In this Wednesday, April 8, 2020, file photo, the sun sets

    Crude oil prices surge to $130 per barrel as Russia-Ukraine conflict deepens

    Business | March 07, 2022 11:00 IST

    Meanwhile, oil prices came under more pressure after Libya's national oil company said an armed group had shut down two crucial oil fields.

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