Follow Us on Google News New Delhi, July 24 (IANS) While active government intervention has contained spillover to domestic oil prices, policymakers need to be vigilant and cautious of the direct and indirect impact of the evolving global crude price dynamics through continuous assessment, given India’s increasing dependence on crude oil imports, the Reserve Bank … Read more
Follow Us on Google News New Delhi, July 18 (IANS) Union Minister for Petroleum and Natural Gas Hardeep Singh Puri said that despite global volatility, India accounted for 16 per cent of global growth in crude oil consumption and is projected to contribute 25 per cent of such growth over the next three decades. In … Read more
Follow Us on Google News Vienna, July 10 (IANS) Union Minister of Petroleum and Natural Gas, Hardeep Singh Puri, on Thursday said that Russia is one of the largest crude producers with over 9 million barrels per day. In a post on X, the minister said: “Imagine the chaos if this oil, amounting to about … Read more
Follow Us on Google News Kolkata, July 5 (IANS) One person was killed and three others injured, one of them seriously, in a blast at an abandoned building at Katwa in the East Burdwan district of West Bengal late on Friday night, reportedly during the manufacturing of crude bombs there. As per the statement given … Read more
Follow Us on Google News New Delhi, June 22 (IANS) The coming week will be crucial for Indian equities, with market sentiment likely to be shaped by geopolitical developments, crude oil trends, and foreign institutional investor (FII) activity. The spotlight is now on the escalating Iran-Israel conflict, especially after the US launched airstrikes on Iran’s … Read more
Follow Us on Google News New Delhi, June 18 (IANS) Union Petroleum and Natural Gas Minister Hardeep Singh Puri spoke to IANS on Wednesday about important issues like the impact of the Israel-Iran conflict, India’s fuel supply, and the country’s growing economy. In the interview, he shared how India is prepared to deal with global … Read more
Follow Us on Google News New Delhi, June 11 (IANS: The Centre has reduced the basic customs duty on crude edible oils, including crude sunflower, soybean, and palm oils, from 20 per cent to 10 per cent to bring down prices in the local market, according to an official statement issued on Wednesday. The reduction … Read more
Follow Us on Google News New Delhi, March 10 (IANS) The government has taken various measures to reduce the dependency on imported crude oil and to promote domestic production of oil and gas, the Parliament was informed on Monday. Various steps have been taken by government and public sector undertakings (PSUs) oil marketing companies (OMCs) … Read more
