Petroleum Imports

The impact of the gas price cap on India may, however, be muted as the EU, fearing disruptions to domestic gas supplies in winter, set the bar very high

The windfall taxes were imposed in July and will only be removed if the price of oil falls below $70-75 per barrel

The IEA downgraded its oil demand growth estimates slightly for this year to 1.9 million bpd and by 470,000 bpd in 2023 to 1.7 million bpd

India's merchandise exports contracted 3.5% to $33.6 bn in September

'Russia oil now makes up 10 per cent of India's oil import basket in April. It is now among the top 10 suppliers'

Crude oil prices shot above USD 120 a barrel for the first time in nine years on Thursday before retreating a little to USD 111 on Friday, but the gulf between cost and retail rates has only widened

India agreed to release 5 mn bbl of crude oil from its SPR at an unspecified time

Rise in both exports and imports signals recovery is strengthening: Experts

The company on Monday said it has raised utilisation to 60 per cent, and plans to scale it up further by Month end

India is planning to start 15 factories to produce second generation ethanol from biomass, bamboo