petrochemicals

New Delhi, April 10 – The Government of India is continuing its proactive and coordinated response to the evolving situation in West Asia. The Ministries of Commerce and Shipping have convened high-level stakeholder consultations to address emerging challenges related to logistics, packaging...

New Delhi, April 10 The commerce ministry on Friday said it will set up a weekly monitoring mechanism to track export-import trends and sectoral stress indicators, amid concerns that supply chain disruptions, logistical constraints, and rising input costs due to geopolitical tensions could...

New Delhi, April 9 The Ministry of Commerce held meetings with exporters on Thursday to discuss challenges related to packaging, shipping, and port operations amid the West Asia crisis, an official said.Commerce Secretary Rajesh Agrawal chaired two meetings, which were attended by...

New Delhi, April 9 The government has increased the supply of critical petrochemical feedstock to the pharmaceutical industry to ensure uninterrupted production of essential medicines, as global supply chains remain strained due to the crisis in West Asia.Prior to the West Asia conflict, the...

April 09, New Delhi - India's Union Cabinet approved on Wednesday a revision in the project cost of the HPCL Rajasthan Refinery Limited (HRRL) project in Rajasthan, along with additional equity investment by Hindustan Petroleum Corporation Limited.The Cabinet approved an 84% increase in the...

New Delhi, April 8 The Cabinet Committee on Economic Affairs (CCEA) on Wednesday approved a significant increase in the cost of the Rajasthan oil refinery project to Rs 79,459 crore, along with additional equity support from Hindustan Petroleum Corporation Ltd (HPCL), as the government pushes to...

New Delhi, April 8 – The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, approved on Wednesday the revision of the cost of the HPCL Rajasthan Refinery Limited (HRRL) project from ₹43,129 crore to ₹79,459 crore, and an additional equity investment of ₹8,962...

New Delhi, April 7 Crude oil prices rose by nearly 3 per cent to hit a record high of Rs 10,888 per barrel in futures trading on Tuesday, driven by strong global cues as tensions between the US and Iran intensified ahead of President Donald Trump's deadline for reopening the Strait of Hormuz...

April 6, New Delhi — On Monday, Israel carried out fresh strikes on Iran, targeting its largest petrochemical complex, as tensions escalated over the standoff in the Strait of Hormuz.The strikes targeted the South Pars facility in Assaluyeh, a key hub responsible for a significant portion of...

Kolkata, April 6 The Indian Plastics Federation (IPF) on Monday urged the Centre to declare plastics as an essential commodity in the face of sharp disruptions in polymer supply and prices caused by the ongoing crisis in the Middle East.The industry body said the sector is facing a severe cost...

New Delhi, April 6 – Finance Minister Nirmala Sitharaman stated on Monday that fiscal prudence has given the government the flexibility to maintain capital expenditure (capex) and support sectors affected by the crisis in West Asia.Furthermore, she said that the Reserve Bank can consider...

New Delhi, April 6 Finance Minister Nirmala Sitharaman said on Monday that India has fiscal space to support sectors affected by the escalating West Asia crisis, while the Reserve Bank has room to cut interest rates to deal with global challenges.The Monetary Policy Committee, headed by the...

Seoul, April 3 – The ruling Democratic Party (DP) of South Korea and the government agreed on Monday to send special envoys to Saudi Arabia, Oman, and Algeria to secure crude oil supplies, as the Strait of Hormuz, a key oil shipping route, has effectively been closed due to the ongoing...

Industry bodies have welcomed the government's decision to grant customs duty exemptions on a wide range of critical petrochemical products. Speaking to the media, Ravi Rathod, General Manager for Policy and Strategic Affairs at Involution Healthcare Private Limited, stated that the decision to...

Surat, April 3 – The central government has reduced the basic customs duty on more than 40 key petrochemical raw materials to zero for a period of three months, a move expected to ease cost pressures on Surat's textile and plastics industries amid rising global input prices.The duty...

Jaipur, April 3 Rajasthan Chief Minister Bhajan Lal Sharma said on Friday that ensuring waterway connectivity for the transportation and export of goods from industries within the state is among the top priorities of the government, and directed officials to prepare a comprehensive report to...

New Delhi, April 3 Industries ranging from consumer goods to cement, which are facing challenges from rising production and packaging costs amid geopolitical tensions in West Asia, expect the government's move to reduce customs duty on a range of petrochemical products to provide much-needed...

New Delhi, April 3 Top government officials, including the Secretary of the Department for Promotion of Industry and Internal Trade, the Power Secretary, and the Director General of Foreign Trade (DGFT), held a meeting on Friday to discuss ways to increase domestic production of induction...

New Delhi, April 3 The government held discussions on Friday about measures to encourage companies to increase the production of induction heaters and compatible utensils, amid rising demand for these products due to concerns over LPG availability following the West Asia crisis, an official...

New Delhi, April 2 Indian businesses said on Thursday that the government's move to exempt the import of critical petrochemical products from customs duty for three months until June 30 is a timely response to supply chain disruptions arising from the West Asia conflict, which will provide...