oil imports

New Delhi, April 2 – The government has set a target of increasing domestic crude oil production to 35 million metric tonnes by 2030, from the current 29 million tonnes, to meet the rising demand for petroleum products in the country, Parliament was informed on Thursday.The government has been...

March 30, New Delhi - U.S. President Donald Trump signaled that he was reversing his previous decision to block oil shipments to Cuba, stating that he had "no problem" with any country sending crude oil as a Russian tanker approached a Cuban port with a much-needed shipment.Speaking to...

Tokyo, March 30 – Japanese Prime Minister Sanae Takaichi said on Monday that she would consider holding talks with the Iranian leadership at an "appropriate" time if it serves Japan's national interest, given the continued high tensions in the Middle East, according to local media."I will...

March 28, Jewar – Prime Minister Narendra Modi inaugurated the first phase of the Noida International Airport on Saturday, developed at a cost of ₹11,200 crore at Jewar in Uttar Pradesh.Located along the Yamuna Expressway, the airport is designed as a multi-modal hub with seamless connectivity...

New Delhi, March 27 The government has reduced excise duty on petrol to ₹3 per litre and completely exempted diesel, aiming to help oil marketing companies like HPCL, BPCL, and IOC cope with rising global crude prices amid the Middle East conflict.The Finance Ministry, in a notification dated...

Tokyo, March 26 – Japan began releasing 30 days' worth of oil from state reserves on Thursday to mitigate the impact of the West Asia conflict on its economy, as concerns over supply and soaring oil prices mount, local media reported.The move followed the country's decision to draw down 15...

Prime Minister Narendra Modi has advocated for dialogue and diplomacy to restore peace in the West Asia region. Speaking in the Rajya Sabha about the ongoing conflict in West Asia and explaining India's position on the issue, Mr. Modi said, 'India has raised the issue of de-escalation and the...

New Delhi, March 23 India will consider resuming the purchase of Iranian oil based on techno-commercial feasibility, a senior government official said after Washington temporarily lifted sanctions to ease pressure on prices following the US-Israeli war on Iran.Historically, India was a major...

New Delhi, March 23 – As Prime Minister Narendra Modi briefed the Lok Sabha on the West Asia conflict on Monday, Congress MP Priyanka Gandhi Vadra stated that "nothing new" was revealed and reiterated the party's call for a discussion on the issue."He (PM Modi) has briefed the House today, and...

New Delhi, March 23 – Prime Minister Narendra Modi stated on Monday that the government is working to ensure uninterrupted supplies of oil and gas amid the conflict in West Asia, while emphasizing that India has diversified its energy imports, unlike in previous instances, and will continue...

New Delhi, March 23 – Prime Minister Narendra Modi will address the Lok Sabha at 2 p.m. on Monday, focusing on the key concerns related to the ongoing West Asia conflict.Earlier on Sunday, Prime Minister Modi chaired a high-level meeting to review the situation in the petroleum, crude oil...

Mumbai, March 23 The rupee continued its downward trend on Monday, losing 41 paise to fall to a record low of 93.94 against the US dollar, as the ongoing war in West Asia kept global crude oil prices high, and the US dollar remained strong.Sustained outflows of foreign funds and a crash in the...

New Delhi, March 22 – Prime Minister Narendra Modi will chair a high-level meeting on Sunday evening to review the situation in the petroleum products, crude oil, power, and fertilizer sectors, given the evolving situation in West Asia, according to reliable sources.The meeting, which will be...

Mangaluru, March 22 Amid the global supply chain crisis, a cargo ship, 'Pyxis Pioneer', carrying a major consignment of liquefied petroleum gas (LPG), arrived at New Mangalore Port on Sunday, boosting supply prospects in the country.The vessel, which originated from Texas, US, docked at the...

Washington, March 21. Pakistan appears to be adopting a strategy of carefully distancing itself from the Middle East conflict, while signaling concerns about regional instability and carefully avoiding commitments that could lead to direct confrontation with Iran.According to a report in the...

Thiruvananthapuram, March 21 – Kerala Chief Minister Pinarayi Vijayan launched a scathing attack on successive central governments led by the Congress and the BJP on Saturday, holding their policy decisions responsible for the country’s worsening energy crisis.In a strongly worded statement...

March 18, New Delhi – Sri Lankan President Anura Kumara Dissanayake has announced a series of emergency measures to protect the island's economy and ensure energy security, amid the ongoing conflict that is disrupting global fuel supply chains.Sri Lanka has approved emergency purchases and...

Washington, March 17 – US President Donald Trump said that countries that rely on energy flows through the Strait of Hormuz should be helping the United States, expressing disappointment that several allies were reluctant to step in.“They should not only be thanking us, but they should be...

New Delhi, March 16 Citing the US' 30-day "waiver" to allow India to purchase Russian oil, CPI(M) MP John Brittas said on Monday that such diktats amount to India's humiliation by a foreign power.While participating in a discussion on the Appropriation Bill in the Rajya Sabha, Brittas raised...

New Delhi, March 16 India's merchandise exports decreased marginally by 0.81% year-on-year to $36.61 billion in February, and the trade deficit narrowed to $27.1 billion compared to the previous month.The impact of the West Asia crisis will be reflected in the March data, as the conflict began...