Crude Oil
-
'Have billions of rupees in Indian banks which we can't use': Russian Foreign Minister
India | May 08, 2023, 05:51 PM ISTWe 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 becomes Europe's largest fuel supplier while simultaneously buying record Russian crude oil
Business | Apr 30, 2023, 01:18 PM ISTIndia has now become Europe's largest supplier of refined fuels this month as per the latest data from analytics firm Kpler.
-
'India prioritises national interests': Russian oil import soared THIS much despite sanctions
World | Mar 28, 2023, 07:21 PM ISTIt 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.
-
'Iran is ready to export oil to India.. can resist West sanctions': Iranian Ambassador To India
World | Mar 17, 2023, 05:04 PM ISTThe 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.
-
Windfall profit tax on crude oil cut; levy on export of diesel, ATF hiked
Business | Nov 01, 2022, 11:45 PM ISTWhile 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
Oct 22, 2022, 12:28 PM ISTKay 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”.
-
Markets fall in early trade on weak global trends
Business | Oct 11, 2022, 05:04 PM ISTBusiness 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 falls 39 paise to fresh lifetime low of 82.69 against US dollar in early trade
Business | Oct 10, 2022, 01:12 PM ISTRupee 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.
-
Rupee rises by 9 paise to close at 81.58 against the US dollar
Business | Sep 27, 2022, 06:03 PM ISTThe 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.
-
Govt hikes windfall profit tax on export of diesel, ATF; raises tax on domestic crude oil
Business | Sep 01, 2022, 07:08 AM ISTIndia first imposed windfall profit taxes on July 1, joining a growing number of nations that tax super normal profits of energy companies.
-
West's criticism of India for Russian oil imports reflection of its double standards: Russia
India | Aug 28, 2022, 02:16 PM ISTRussia 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.
-
Windfall tax on fuel export slashed; raised on domestic crude oil
Business | Aug 03, 2022, 06:58 AM ISTWindfall 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
Business | Jul 01, 2022, 02:54 PM ISTThe 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.
-
India's Russian oil imports jump 50 times; now accounts for 10% of all import: Official
Business | Jun 23, 2022, 10:58 PM ISTLast 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.
-
India not violating any sanctions by importing oil from Russia: United States
India | Apr 12, 2022, 03:35 AM ISTUS said that energy imports from Russia are not banned or part of sanctions, therefore, New Delhi is not violating US sanctions.
-
Petrol, diesel prices hiked again; sixth increase in a week
Business | Mar 28, 2022, 07:54 AM ISTPrices 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.
-
With no rise in petrol, diesel prices by govt oil companies, private players not happy
Business | Mar 20, 2022, 12:57 PM ISTIn 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.
-
India may consider buying crude oil from Russia at discounted rate, say reports
India | Mar 14, 2022, 08:23 PM ISTAs Russian economy faces its worst since 1991, Moscow has urged India to increase its investments after sanctions over its oil-gas exports.
-
Removing Russian oil from market would raise prices to over $300/barrel: warns Moscow
Business | Mar 08, 2022, 05:06 PM ISTMoscow has been supplying the European nations with roughly 40 percent of their gas needs, said Russia's deputy Prime Minister Aleksandr Novak.
-
Crude oil prices surge to $130 per barrel as Russia-Ukraine conflict deepens
Business | Mar 07, 2022, 11:00 AM ISTMeanwhile, oil prices came under more pressure after Libya's national oil company said an armed group had shut down two crucial oil fields.