India Oil Prices
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US-Iran Peace Deal Could Save India Billions On Oil Import Bill
Lower oil prices from the deal could reduce India's energy import bill and current account deficit, easing pressure on the rupee.
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How India's Timely Measures Absorbed Hit From Oil Shock
Diesel and petrol prices were increased by over 3 per cent last week, a modest hike compared to the surge in crude. The move reflects the government is trying to balance inflationary and fiscal pressures, and may go for staggered hikes as seen in the
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US Expert Compares Pakistan's Oil Shock vs India's Fuel Stability Amid Iran War
Kiyosaki noted that India has widened its oil supply network over the years, leaning on Russia as a key source while bringing back shipments from Venezuela in 2026.
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On Iran's Hormuz Strait Closure Plan, Union Minister's Oil Supply Assurance: 5 Points
India is closely tracking oil trends after reports indicated Iran plans to close the Strait of Hormuz following the US attack on three nuclear sites. The Strait is a key shipping route, through which a fifth of global oil and gas supply flows.
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India To Launch 20% Ethanol-Mixed Gasoline In Some Parts From April: Report
Hit hard by rising oil prices, India has expedited efforts to boost local output of oil and a transition to alternative fuels to cut its import bill. The source said India has been mixing about 10.5% ethanol with gasoline for the last three months.
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Opinion: Has India Placed Too Much Faith In The West?
On Wednesday, Indian government officials said that state-controlled Indian Oil Corp. had reached a deal to buy 3 million barrels of oil from Russia's Rosneft Oil Co. at a 20% discount to global prices.
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Indians Stock Up Cooking Oil, Fuel Fearing Shortages Amid Ukraine War
Indians are stocking up vegetable oil and fuel, fearing that Russia's invasion of Ukraine may cause an edible oil shortage, while a rally in global crude oil prices may lead New Delhi to aggressively raise fuel prices as elections conclude.
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After India, US Release Oil Together, OPEC+ Counterpunch That Could Hurt
The OPEC+ group of oil producers would have to defer at least two months' worth of planned output increases to offset strategic stockpile releases led by the U.S.
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Oil Prices Slip From Six-Week High As India's Demand Worries Weigh
Oil prices slipped on Friday, taking a breather after touching their highest in six weeks as concerns of wider lockdowns in India and Brazil to curb the COVID-19 pandemic offset a bullish outlook on summer fuel demand and economic recovery.
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Veerappa Moily Orders Gas Prices to be Backdated to April 1
Oil minister M. Veerappa Moily has ordered that increases in gas prices, put on hold by the election authorities, be backdated to April 1, in a directive that has drawn criticism from a rival politician.
-
US-Iran Peace Deal Could Save India Billions On Oil Import Bill
Lower oil prices from the deal could reduce India's energy import bill and current account deficit, easing pressure on the rupee.
-
How India's Timely Measures Absorbed Hit From Oil Shock
Diesel and petrol prices were increased by over 3 per cent last week, a modest hike compared to the surge in crude. The move reflects the government is trying to balance inflationary and fiscal pressures, and may go for staggered hikes as seen in the
-
US Expert Compares Pakistan's Oil Shock vs India's Fuel Stability Amid Iran War
Kiyosaki noted that India has widened its oil supply network over the years, leaning on Russia as a key source while bringing back shipments from Venezuela in 2026.
-
On Iran's Hormuz Strait Closure Plan, Union Minister's Oil Supply Assurance: 5 Points
India is closely tracking oil trends after reports indicated Iran plans to close the Strait of Hormuz following the US attack on three nuclear sites. The Strait is a key shipping route, through which a fifth of global oil and gas supply flows.
-
India To Launch 20% Ethanol-Mixed Gasoline In Some Parts From April: Report
Hit hard by rising oil prices, India has expedited efforts to boost local output of oil and a transition to alternative fuels to cut its import bill. The source said India has been mixing about 10.5% ethanol with gasoline for the last three months.
-
Opinion: Has India Placed Too Much Faith In The West?
On Wednesday, Indian government officials said that state-controlled Indian Oil Corp. had reached a deal to buy 3 million barrels of oil from Russia's Rosneft Oil Co. at a 20% discount to global prices.
-
Indians Stock Up Cooking Oil, Fuel Fearing Shortages Amid Ukraine War
Indians are stocking up vegetable oil and fuel, fearing that Russia's invasion of Ukraine may cause an edible oil shortage, while a rally in global crude oil prices may lead New Delhi to aggressively raise fuel prices as elections conclude.
-
After India, US Release Oil Together, OPEC+ Counterpunch That Could Hurt
The OPEC+ group of oil producers would have to defer at least two months' worth of planned output increases to offset strategic stockpile releases led by the U.S.
-
Oil Prices Slip From Six-Week High As India's Demand Worries Weigh
Oil prices slipped on Friday, taking a breather after touching their highest in six weeks as concerns of wider lockdowns in India and Brazil to curb the COVID-19 pandemic offset a bullish outlook on summer fuel demand and economic recovery.
-
Veerappa Moily Orders Gas Prices to be Backdated to April 1
Oil minister M. Veerappa Moily has ordered that increases in gas prices, put on hold by the election authorities, be backdated to April 1, in a directive that has drawn criticism from a rival politician.
