Oil imports rose by 8.23 per cent to $12.44 billion and non-oil imports expanded by 2.9 per cent to $32.91 billion during the month under review.
Symbol: CRUDEOIL| Contract: Jul, 2019| Category: Energy
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Dollar rate in India: After opening marginally higher against the greenback at 69.37, the rupee declined by as much as 10 paise to hit 69.45 in afternoon deals. Crude oil prices lowering to near five-month lows supported the rupee however strength in the dollar overseas kept the advances in check, say analysts. The rupee had closed at 69.35 agains...
The Finance Ministry had revised the oil cess in the Union Budget 2016-17, shifting it from the specific charge of Rs 4,500 per tonne of crude to an ad valorem rate of 20 per cent.
Rising U.S. inventories and relative calm in the Middle East over the last week or so are countering the likelihood that the Organization of Petroleum Exporting Countries and allied producers will extend their output curbs.
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