oil imports

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...

Dubai, March 14 Iranian Foreign Minister Abbas Araghchi has said that the US, despite "bullying India" into ending its imports of Russian oil, is now begging them to buy crude from Moscow, just two weeks after its war with Iran."The US spent months trying to pressure India into ending its oil...

New Delhi, March 12 – Delhi BJP President Virendra Sachdeva said on Thursday that the safe passage granted to Indian-flagged fuel ships through the war-affected Strait of Hormuz, under Iranian military control, reflects India’s clear foreign policy and the growing global reputation of India and...

New Delhi, March 12 Asserting that the foundation of every nation is its energy security, Leader of the Opposition Rahul Gandhi on Thursday alleged that the government has "bartered" India's right to determine its relationships with different oil suppliers to the US due to a "compromise"...

New Delhi, March 12 Asserting that the foundation of every nation is its energy security, Leader of the Opposition Rahul Gandhi on Thursday alleged that the government has "traded" India's right to determine its relationships with different oil suppliers to the US in exchange for a "compromise"...

New Delhi, March 12 – India’s strategic oil reserves and diversification of energy imports from over 40 supplier countries have transformed its ability to absorb global energy shocks. This resilience has ensured that there is no energy crisis due to the disruption caused by the Iran war, as the...

New Delhi, March 11: Petrol and diesel prices in Pakistan have increased by nearly Rs 55 per liter after the outbreak of the Iran war, reflecting the country's energy import dependence in recent years, according to a report in Pakistani media.As global oil prices surge and shipping costs rise...

Patna, March 9 – Rashtriya Janata Dal (RJD) National Working President Tejashwi Yadav criticised the Union government's foreign policy stance on Monday, stating that a country like India should not need permission from any other nation to decide its energy needs or trade policies.In a post on...

Bengaluru, March 9 Terming the US waiver allowing Indian refiners to purchase Russian oil for 30 days as "deeply humiliating," Karnataka Chief Minister Siddaramaiah on Monday demanded that Prime Minister Narendra Modi step down, accusing him of repeatedly demonstrating that he is "incompetent...

New Delhi, March 9 – India currently has a total storage capacity for crude oil and petroleum products of 74 days, which can help mitigate disruptions in case of adverse situations such as geopolitical conflicts, the Parliament was informed on Monday."The government has established Strategic...

New Delhi, March 8 Indian refiners have begun negotiations to secure additional crude cargoes from the US, Russia, and West Africa to ensure adequate supplies in the event of a prolonged conflict in the Middle East, industry officials and analysts said.Refineries, which convert crude oil into...

Kalaburagi (Karnataka), March 7 Karnataka Minister Priyank Kharge on Saturday criticised the foreign policy of the central government, alleging that India's global standing was being "compromised" and the Centre had "failed" to respond firmly to remarks by senior US officials on India's economic...

New Delhi, March 7 – The price of cooking gas (LPG) for domestic use has increased by a significant Rs 60 per cylinder, the second increase in less than a year, due to the rise in global energy prices following the West Asia crisis, which has affected the world's third largest energy consumer...

Chandigarh, March 7 Punjab Chief Minister Bhagwant Mann on Saturday criticised the central government over a US waiver allowing Indian refiners to purchase Russian oil, asking whether the country was being run from the White House.Amid the escalating conflict with Iran, the US on Thursday...

Kalaburagi (Karnataka), March 7 Karnataka Minister Priyank Kharge on Saturday criticised the foreign policy of the central government, alleging that India's global standing was being "compromised" and that the Centre had "failed" to respond firmly to remarks by senior US officials on India's...

New Delhi, March 7 The Congress on Saturday strongly criticized the Modi government over US officials' remarks on India's purchase of Russian oil, accusing it of being "cowardly and compromised."The opposition party's statement came after the US said it had given "permission" to India to buy...

Mumbai, March 6 The rupee depreciated by 18 paise against the US dollar on Friday, closing at 91.82 against the American currency, as rising crude oil prices and a shift towards risk aversion weighed on the currency.Forex experts said the rupee is under pressure due to the escalating Middle...

New Delhi, March 6 Opposition parties on Friday accused the government of ceding diplomatic space after the US announced a temporary waiver to allow Indian refiners to purchase Russian oil, a move that the ruling BJP hailed as a success of "strategic oil diplomacy" under Prime Minister Narendra...

Thiruvananthapuram, March 6 Kerala Chief Minister Pinarayi Vijayan said on Friday that it was "outrageous" that India should appear to require US approval for decisions like oil imports.India's sovereignty is not subject to foreign "approval", Vijayan said in a post on the social media...

New Delhi, March 6 Following the US announcement that it was granting a temporary 30-day waiver to allow Indian refiners to purchase Russian oil, the BJP on Friday hailed the development as a success of "strategic oil diplomacy" under Prime Minister Narendra Modi, and said it was a "major...