December 11, 2023 08:39 (IST)
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Karnataka HC grants bail to accused in Gauri Lankesh case | RBI keeps repo rate unchanged at 6.5%, raises FY24 growth forecast to 7% | India's Aditya-L1 Mission captures first-ever full-disk image of Sun | RBI raises UPI transaction limit for hospitals, educational institutions to Rs. 5 lakh | Former Telangana CM KCR suffers hip injury

Centre increases windfall tax on petroleum crude to Rs 9,800/ton

New Delhi: The Centre on Tuesday increased the windfall tax on petroleum crude from Rs 9,050/ton to Rs 9,800/ton, effective from November 1, a government notification said.

Oil prices reach highest in 10 months

Oil prices surged by more than 1% on Tuesday, reaching the highest levels in 10 months, Reuters reported.

Indian shipping company transporting Russian oil in trouble after certification of over 20 vessels cancelled: Report

Maritime services company Lloyd's Register has informed Gatik Ship Management, a major carrier of Russian oil following the Ukraine war, that it will revoke certification for 21 of its vessels by June 3, according to a statement by the company to Reuters.

Russia remains top crude oil supplier to India in March with 1.64 million bpd

Russia supplied 1.64 million barrel per day (bpd) of crude oil to India, surpassing traditional suppliers such as Saudi Arabia and Iraq, Moneycontrol reported.

India's Feb crude oil imports from Russia hit record high

New Delhi/IBNS: India's crude oil shipments from Russia in February reached an unprecedented 1.6 million barrels per day, surpassing the combined imports from traditional suppliers Iraq and Saudi Arabia.

India's imports from Russia jump 5 times amid Russia-Ukraine conflict

New Delhi: India’s imports from Russia multiplied nearly five times to $ 37.31 billion in the April-January period in FY23 owing to an increase in crude oil import from that country, according to the commerce ministry data.

India's crude oil imports jump by 53 pc during Apr-Nov period, shows latest govt data

New Delhi/IBNS: India’s crude oil import grew by 52.58 percent to $146.57 billion during April-November during FY23, according to data shared by the Ministry of Commerce.

Russia replaces Iraq as the largest oil supplier to India in Nov: Report

New Delhi: Russia for the first time in November replaced Iraq as the top exporter of crude oil to India, media reports said.

Russian oil: India to examine West's price cap proposal, says report

India has said it would examine the proposal by the United States and the European Union (EU) to put a price cap on Russian oil, Reuters reported.

Cheap Russian crude likely to pose tough competition to Saudi Arabia in India

New Delhi: Russia and Saudi Arabia could be soon locked in a battle over securing a bigger share of India's crude import market, with Moscow offering a cheaper alternative to one of the world's biggest importers.

Govt exploring all ways to buy crude oil at affordable rates, says Finance Ministry

New Delhi: The Centre is trying to find out "all viable options" to buy crude oil at affordable rates, the finance ministry said on Thursday.

India has no plans to buy Russian oil in rupees: Report

New Delhi: India does not plan to buy oil from Russia or any other country with Indian rupees, Minister of State Ministry of Petroleum and Natural Gas Rameswar Teli told parliament on Monday, amid scores of sanctions imposed by Western nations on Russia over its invasion of Ukraine, media reports said.

India's oil imports in Feb increased amid surge in demand

India's crude oil imports in February increased to 4.86 million barrels per day (bpd), its highest since December 2020.

Ukraine War: Mukesh Ambani's RIL supplying diesel to Europe from Jamnagar refinery

Mukesh Ambani-led Reliance Industries is sending shipments of diesel to Europe amid a global energy crunch spurred by Russia’s invasion of Ukraine, media reports said.

Russia-Ukraine crisis: Brent crude reaches 13-year high of $139, drops later, says report

Oil prices levels since 2008 on Monday amid fears of market supply disruptions as the United States and European allies are considering a ban on Russian oil imports and hopes of the return of Iranian crude diminished, media reports said.