Oil Imports
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India Bought $5.14 Billion Russian Oil In June Despite Pressure. Here's Why
Indian refiners have increased purchases not just from Russia but also from Latin America. Meanwhile, Middle East imports to India fell sharply.
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Trump Backs Russia Sanctions Bill Posing 500% Tariff Threat To India: Report
The situation became more complicated after a temporary US Treasury waiver expired on June 17, 2026. The waiver had allowed India's purchase of Russian crude without attracting sanctions. Its expiry has left India's in a legal grey zone.
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Will Fuel, LPG Prices Rise Again? Experts Flag Risks As Iran War Escalates
While crude oil supplies appear relatively better insulated, industries dependent on LPG remain vulnerable if disruptions worsen.
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Russia Turns To India For Fuel Amid Shortages: Report
Gasoline consumption in Russia is at least 110,000 tons per day in summer, when demand for fuel is high.
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India's Oil Import Cost Falls Below $70, But Fuel Prices May Not Drop. Why?
The latest decline is expected to reduce the country's oil import bill and improve macroeconomic indicators, including inflation and trade balance.
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Earthquakes Hit Venezuela, But Tremors Could Be Felt 14,000 km Away In India
Power outages, damaged transport links and emergency restrictions at ports in Venezuela can slow cargo movements for days or even weeks.
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US Lifts Iran Oil Sanctions: Why India Could Be The Big Winner
The US Treasury has issued a temporary general licence allowing transactions involving Iranian crude oil, petroleum products and petrochemicals.
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US Will Allow Iran To 'Immediately' Sell Oil After Signing Peace Deal: Report
The U.S. will allow Iran to immediately begin selling oil and fuel under the memorandum of understanding the two sides reached to end the war, a senior U.S. official
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Hardeep Puri Explains How India Is Rewriting Its Energy Map As Wars Rage On
Before November 2022, Russia accounted for just 0.2 per cent of India's crude imports. Today, Puri confirmed, India is buying approximately 2.5 million barrels per day from Russia, a 12-fold increase.
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US Wants To End Russian Oil Sanctions Waiver Amid Iran War: Its Impact On India
Data from energy intelligence firm Kpler shows India imported a record-shattering 2.3 million barrels per day of Russian crude last month, supported by the continued import of cargoes under the sanctions waiver.
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US Waiver On Russian Oil Ends: Will India Raise Fuel Prices Again?
Fuel Price Hike: India imports more than 85 per cent of its crude oil needs. Any sustained increase in oil prices directly hits inflation.
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India Loses $18.3 Billion On Edible Oil Imports. Why Don't We Produce It?
India imports 15-16 million tonnes ofedible oil annually because farmers see oilseeds as "risky" crops.
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Why PM Asked Households To Cut Use Of Cooking Oil And What's The Alternative
India imported $19.5 billion worth of vegetable oils in 2025-26 -- a massive outflow of forex for something used daily in millions of kitchens.
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US U-Turn On Russian Oil Waivers Amid Iran War And How It Helps India
The so-called US general license replaces the earlier waiver on Russian oil with a similar one, effectively pushing the deadline to May 16.
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"No Payment Hurdle For Iranian Crude Imports": India Dismisses Rumours
The Ministry of Petroleum and Natural Gas dismissed reports that an oil tanker carrying Iranian crude had rerouted mid-voyage from its previously indicated destination of India to China.
-
India Bought $5.14 Billion Russian Oil In June Despite Pressure. Here's Why
Indian refiners have increased purchases not just from Russia but also from Latin America. Meanwhile, Middle East imports to India fell sharply.
-
Trump Backs Russia Sanctions Bill Posing 500% Tariff Threat To India: Report
The situation became more complicated after a temporary US Treasury waiver expired on June 17, 2026. The waiver had allowed India's purchase of Russian crude without attracting sanctions. Its expiry has left India's in a legal grey zone.
-
Will Fuel, LPG Prices Rise Again? Experts Flag Risks As Iran War Escalates
While crude oil supplies appear relatively better insulated, industries dependent on LPG remain vulnerable if disruptions worsen.
-
Russia Turns To India For Fuel Amid Shortages: Report
Gasoline consumption in Russia is at least 110,000 tons per day in summer, when demand for fuel is high.
-
India's Oil Import Cost Falls Below $70, But Fuel Prices May Not Drop. Why?
The latest decline is expected to reduce the country's oil import bill and improve macroeconomic indicators, including inflation and trade balance.
-
Earthquakes Hit Venezuela, But Tremors Could Be Felt 14,000 km Away In India
Power outages, damaged transport links and emergency restrictions at ports in Venezuela can slow cargo movements for days or even weeks.
-
US Lifts Iran Oil Sanctions: Why India Could Be The Big Winner
The US Treasury has issued a temporary general licence allowing transactions involving Iranian crude oil, petroleum products and petrochemicals.
-
US Will Allow Iran To 'Immediately' Sell Oil After Signing Peace Deal: Report
The U.S. will allow Iran to immediately begin selling oil and fuel under the memorandum of understanding the two sides reached to end the war, a senior U.S. official
-
Hardeep Puri Explains How India Is Rewriting Its Energy Map As Wars Rage On
Before November 2022, Russia accounted for just 0.2 per cent of India's crude imports. Today, Puri confirmed, India is buying approximately 2.5 million barrels per day from Russia, a 12-fold increase.
-
US Wants To End Russian Oil Sanctions Waiver Amid Iran War: Its Impact On India
Data from energy intelligence firm Kpler shows India imported a record-shattering 2.3 million barrels per day of Russian crude last month, supported by the continued import of cargoes under the sanctions waiver.
-
US Waiver On Russian Oil Ends: Will India Raise Fuel Prices Again?
Fuel Price Hike: India imports more than 85 per cent of its crude oil needs. Any sustained increase in oil prices directly hits inflation.
-
India Loses $18.3 Billion On Edible Oil Imports. Why Don't We Produce It?
India imports 15-16 million tonnes ofedible oil annually because farmers see oilseeds as "risky" crops.
-
Why PM Asked Households To Cut Use Of Cooking Oil And What's The Alternative
India imported $19.5 billion worth of vegetable oils in 2025-26 -- a massive outflow of forex for something used daily in millions of kitchens.
-
US U-Turn On Russian Oil Waivers Amid Iran War And How It Helps India
The so-called US general license replaces the earlier waiver on Russian oil with a similar one, effectively pushing the deadline to May 16.
-
"No Payment Hurdle For Iranian Crude Imports": India Dismisses Rumours
The Ministry of Petroleum and Natural Gas dismissed reports that an oil tanker carrying Iranian crude had rerouted mid-voyage from its previously indicated destination of India to China.
