oil imports

New Delhi, April 10 As the world scrambles to recover from the biggest energy shock in decades triggered by the West Asia conflict, India should be cautious about relying on traditional supply assumptions, particularly its proximity to the Middle East for sourcing oil and gas, ONGC Chairman and...

Beijing, April 7 China announced on Tuesday a further increase in gasoline and diesel prices, the second in about two weeks, due to rising international oil prices driven by the ongoing conflict in West Asia.China's top economic planner, the National Development and Reform Commission (NDRC)...

New Delhi, April 6: India's economic growth is expected to remain robust despite rising global uncertainties, with GDP projected to expand at 6.7 per cent in FY27, a new report said on Monday.While ongoing geopolitical tensions in West Asia may present some challenges, data compiled by...

Strait of Hormuz Tensions: China Hesitant on Iran’s Safe Corridor, Risks Rise for Asian Energy Supply New Delhi, March 27 – Iran’s proposal to establish a safe shipping corridor in the Strait of Hormuz has received a lukewarm response from China, highlighting growing concerns among major Asian...

Government Reduces Excise Duty on Petrol, Exempts Diesel Amid Global Oil Price Surge Excise Duty Changes New Delhi, March 27 – The government has implemented excise duty reductions on petrol and completely exempted diesel, aiming to provide support to oil marketing companies including HPCL...

Indian Markets May Rebound After Iran Reprieve; RBI Likely to Hold Rates: Report New Delhi, March 25, 2026 – India’s financial markets are expected to recover some lost ground after the US announced a five-day reprieve for Iran’s energy infrastructure, easing immediate geopolitical concerns...

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...

Rupee Falls to Record Low of 93.94 Against US Dollar The rupee declined sharply on Monday, reaching a record low of 93.94 against the US dollar. The depreciation was driven by the ongoing war in West Asia, which has kept global crude oil prices elevated, and the strength of the US dollar...

Pakistan Faces Rising Energy Risks as Oil Prices Surge Amid Middle East Tensions Strait of Hormuz Concerns Intensify Pressure on Import-Dependent Economy New Delhi, March 20 – A sharp rise in global oil prices, driven by escalating geopolitical tensions in the Middle East, has heightened...

Iran FM Says US Pressuring India on Russian Oil While Seeking Global Buyers After Iran War Tehran Criticises Washington’s Oil Policy Shift Dubai, March 14: Iranian Foreign Minister Abbas Araghchi has accused the United States of contradicting its earlier stance on Russian oil, claiming that...

Oil Prices Slip as US Grants India 30-Day Waiver to Purchase Russian Oil Oil prices declined in early trading on Friday after the United States announced a temporary 30 day waiver allowing Indian refiners to purchase Russian oil currently stranded at sea. The move eased concerns around supply...

Indian Stock Market Weakness Offers Long Term Buying Opportunity, Says Morgan Stanley Mumbai, March 4: Even as Indian equities struggle amid volatility and subdued sentiment, global brokerage Morgan Stanley believes the current market phase presents an attractive entry point for long term...

Seoul Convenes Emergency Meeting to Assess Economic Fallout Seoul, March 1: South Korea’s industry ministry says it is preparing for all possible contingencies, including a potential closure of the Strait of Hormuz, following escalating tensions around Iran after a large scale U.S. Israeli...