petroleum products

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    Semiconductors Lead South Korean Trade to Record High in First 10 Days of April

    Korea Exports Surge 36.7% on AI Semiconductor Boom, Hitting All-Time Record High South Korea posted stellar trade figures for the first ten days of April, with exports jumping a massive 36.7 per cent year-on-year. The surge, which reached US$25.2 billion, established a new export record for the...
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    Fuel Prices Rise: New Excise Duty Changes Announced

    New Delhi, April 11 – The Centre on Saturday increased excise duties on petroleum products, including high-speed diesel, with immediate effect, according to a notification issued by the Ministry of Finance.The Union government has hiked the export duty or windfall tax on diesel by Rs 34 per...
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    India's Remittance Flows at Risk Amid West Asia Conflict

    Mumbai, April 10 The conflict in West Asia may impact India's remittance flow, as one-third of the inflows from the diaspora come from Gulf Cooperation Council countries, according to Crisil Ratings on Friday.The current account deficit can be adversely affected due to a reduction in the...
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    Hormuz Disruption: India Actively Managing Fuel Supplies

    New Delhi, April 4 The government on Saturday urged citizens to avoid panic buying of petrol, diesel, and LPG, saying fuel supplies remain adequate despite disruptions linked to the closure of the Strait of Hormuz.The Ministry of Petroleum and Natural Gas said the government is taking...
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    India Reinstates Diesel & ATF Export Taxes – With an Exception

    New Delhi, April 2 The reimposed windfall export taxes on diesel and aviation turbine fuel (ATF) will not apply to Reliance Industries Ltd's SEZ refinery due to court rulings, a senior official said on Thursday.Effective from March 26, the government revised fuel levies, reintroducing export...
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    South Korea Inflation Rises to 2.2% in March Amid Surge in Global Oil Prices

    South Korea Inflation Rises to 2.2% in March Amid Surge in Global Oil Prices Seoul, April 2: South Korea’s consumer price inflation accelerated to 2.2 percent year-on-year in March, exceeding the government’s 2 percent target, as rising global oil prices driven by prolonged Middle East tensions...
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    India's Maritime Infrastructure Gains with Berth 9 Upgrade

    New Mangalore Port Berth 9 Redevelopment Approved for Public-Private Partnership New Delhi, March 30 – The government has approved the New Mangalore Port Authority’s (NMPA) proposal for the redevelopment of Berth No. 9 for handling liquid bulk cargo on a Public-Private Partnership (PPP) basis...
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    Hormuz Strait Transit: India Monitors Shipping Amidst Geopolitical Instability

    India Monitors Strait of Hormuz Tensions as Oil Tankers Transit Key Route Indian Ships Continue Transit Amid Geopolitical Uncertainty New Delhi, March 28 – Two more merchant vessels carrying petroleum products for India are likely transiting the Strait of Hormuz, even as rising geopolitical...
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    Sri Lanka Explores Russian Oil Purchase as Fuel Shortages Persist

    Colombo, March 26 Sri Lanka and Russia began talks here on Thursday aimed at purchasing Russian oil to strengthen bilateral energy cooperation, officials said.The talks were led by visiting Russian Deputy Energy Minister Roman Marshavin, the Russian Embassy said.Officials of the state oil...
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    Government Action Ensures Fuel Availability and PNG Growth

    India Addresses Fuel Supply Concerns, Expands PNG Network New Delhi – The Indian government is taking proactive steps to address concerns regarding petrol and diesel supply while simultaneously accelerating the rollout of piped natural gas (PNG) infrastructure across the country. According to...
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    Asia Seeks New Energy Supplies from Russia

    Moscow, March 25 Russia is set to redirect its hydrocarbon supplies to Asia amid growing demand, the Russian Energy Minister said on Wednesday, without naming any country, amid the ongoing West Asia crisis and the blockage of the Strait of Hormuz.India and China have been the main importers of...
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    Goa Addresses Petrol Queue Rumors, Denies Shortage

    Panaji, March 25 Goa Chief Minister Pramod Sawant said on Wednesday that there is no shortage of domestic LPG cylinders or petroleum products in the state, urging people not to resort to panic buying.Long queues have been seen outside petrol pumps across the coastal state since last night...
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    Global Energy Impact: Iran War Drives Refined Product Surge

    Global Oil Disruption: Jet Fuel and Diesel Prices Surge Faster Than Crude Amid Middle East Conflict Refined Products Face Greater Impact Than Crude Oil New Delhi, March 17: The ongoing conflict involving Iran across the Middle East is reshaping global energy markets, with refined petroleum...
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    South Korea's Exports Hit Record High Driven by Semiconductor Demand

    South Korea Exports Surge 30% in February on AI-Driven Semiconductor Boom February Exports Hit Record High Despite Fewer Working Days Seoul, March 1: South Korea’s exports surged nearly 30 percent year on year in February, reaching the highest level ever recorded for the month, as strong global...
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    South Korea Exports Surge 23.5% in Early February on Strong Semiconductor Demand

    Shipments Hit Record $43.5 Billion in First 20 Days Seoul, February 23: South Korea’s exports climbed 23.5 percent year on year in the first 20 days of February, powered by robust semiconductor demand, according to data released by the Korea Customs Service.Outbound shipments reached $43.5...
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