Oil Imports India

There has been a 39.6 per cent increase in the import cost of petroleum products in the last four years between 2016-17 and 2020-21

Edible oil companies, including Adani Wilmar and Ruchi Soya, have cut down MRP of their products by 10 to 15 per cent to provide relief to consumers

Crude oil imports last month rose 7.5% versus October and were also 0.5% higher than a year ago at 18.37 million tonnes, data on the website of the Petroleum Planning and Analysis Cell (PPAC) showed on Thursday.

India clocked a record merchandise trade deficit of $23.27 billion in November 2021 as crude oil and gold imports saw a jump

Imports rose 11.1% to 17.09 million tonnes from the same month a year earlier, according to data on the website of the Petroleum Planning and Analysis Cell.

The government official said the release from India's strategic petroleum reserve (SPR) was "a symbolic gesture" as it needed to create space as part of efforts to make money from renting out the storage and was already selling the oil.

India, the world's third-biggest oil importer and consumer, imports about 85 per cent of its oil needs and has been hit hard by rising oil prices

India imports about 85 per cent of its oil needs and is seen as a key driver for global oil demand growth

Crude oil imports rose 16% to 17.61 million tonnes from a year earlier, according to data on the website of the Petroleum Planning and Analysis Cell.

India imports about 85 per cent of its oil needs and about 55 per cent of its gas requirements and has been repeatedly urging for enhanced global supplies to rein in prices.

India's crude oil imports in September hit a five-month high, government data showed on Wednesday, as a pick up in economic activity and mobility led to higher fuel demand.

With local petrol and diesel prices rising to a record high amid India's worst power crisis in years, the nation wants to redouble its efforts to buy wisely.

India's private oil refiners are willing to work with state-run peers to bargain collectively for better oil import deals, oil minister Hardeep Singh Puri said on Friday, as the nation looks to cut its import bill.

India is the world's third-largest oil importer and consumer, reliant on imports for about 85 per cent of its crude and buying most of that from Middle East producers.

Oil producer Guyana could resume talks with India for a deal to sell the government's share of crude as output rises next year

There has been a 39.6 per cent increase in the import cost of petroleum products in the last four years between 2016-17 and 2020-21

Edible oil companies, including Adani Wilmar and Ruchi Soya, have cut down MRP of their products by 10 to 15 per cent to provide relief to consumers

Crude oil imports last month rose 7.5% versus October and were also 0.5% higher than a year ago at 18.37 million tonnes, data on the website of the Petroleum Planning and Analysis Cell (PPAC) showed on Thursday.

India clocked a record merchandise trade deficit of $23.27 billion in November 2021 as crude oil and gold imports saw a jump

Imports rose 11.1% to 17.09 million tonnes from the same month a year earlier, according to data on the website of the Petroleum Planning and Analysis Cell.

The government official said the release from India's strategic petroleum reserve (SPR) was "a symbolic gesture" as it needed to create space as part of efforts to make money from renting out the storage and was already selling the oil.

India, the world's third-biggest oil importer and consumer, imports about 85 per cent of its oil needs and has been hit hard by rising oil prices

India imports about 85 per cent of its oil needs and is seen as a key driver for global oil demand growth

Crude oil imports rose 16% to 17.61 million tonnes from a year earlier, according to data on the website of the Petroleum Planning and Analysis Cell.

India imports about 85 per cent of its oil needs and about 55 per cent of its gas requirements and has been repeatedly urging for enhanced global supplies to rein in prices.

India's crude oil imports in September hit a five-month high, government data showed on Wednesday, as a pick up in economic activity and mobility led to higher fuel demand.

With local petrol and diesel prices rising to a record high amid India's worst power crisis in years, the nation wants to redouble its efforts to buy wisely.

India's private oil refiners are willing to work with state-run peers to bargain collectively for better oil import deals, oil minister Hardeep Singh Puri said on Friday, as the nation looks to cut its import bill.

India is the world's third-largest oil importer and consumer, reliant on imports for about 85 per cent of its crude and buying most of that from Middle East producers.

Oil producer Guyana could resume talks with India for a deal to sell the government's share of crude as output rises next year