On March 15, 2017 20:57 (IST)
India imported 18,000 tonnes of petrol and 39,000 tonnes of diesel in the first nine months of the current fiscal year, Oil Minister Dharmendra Pradhan said in a written reply to a question in the Rajya Sabha.
On April 26, 2016 14:15 (IST)
In Japan, where petrol demand is waning because of the stalling economy, a falling population and the rise of electric cars, refiners that used to import crude to supply home markets now target international buyers.
On November 25, 2015 18:23 (IST)
India's crude oil import bill is likely to dip by 35 per cent to $73 billion this fiscal as global energy prices slumped on weak demand.
On August 19, 2015 12:44 (IST)
Strong Indian imports of petrol, boosted by a shift towards petrol car sales, are expected to underpin Asian margins for the fuel at least for the rest of the fiscal year to next March, industry sources say.
On May 06, 2015 12:57 (IST)
It is now looking to buy a total of 30,000 tonnes of petrol for May 15-23 delivery to Mundra, down from its original target of a total of 35,000 tonnes for May 15-20 delivery.
On July 22, 2014 20:08 (IST)
India has cut its reliance on Iran for meeting its oil needs to less than 6 per cent as it raised imports from countries like Columbia and Mexico.
On July 20, 2014 17:01 (IST)
The Comptroller and Auditor General of India (CAG) has castigated state-owned oil firms for overcharging customers by Rs 26,626 crore in five years by charging notional levies like customs duty on fuel they sold.
On July 02, 2014 17:25 (IST)
India is generally self-sufficient in petrol, but is sometimes forced to import additional due to refinery outages and increased demand over summer.
On September 30, 2013 21:24 (IST)
While petrol price cut has been made possible because of the appreciation of the rupee against the US dollar, diesel rates are being hiked as per the practice of increase in rates by small monthly doses to cover losses.
On September 24, 2013 16:24 (IST)
Prime Minister Manmohan Singh had asked Mr Moily to prepare a plan to cut oil import bill by at least $25 billion.
On September 05, 2013 09:10 (IST)
India's top oil official is grasping at desperate measures to cut the country's oil costs by nearly $20 billion after the rupee's slide to record lows has left India facing an oil bill potentially 50 percent higher than on May 1.
On September 02, 2013 11:23 (IST)
The government is seeking to trim its huge oil import bill as it struggles to rescue the rupee, which has tumbled alarmingly in the last few weeks, touching 68.85 to a dollar last week to register its steepest fall in 18 years. It opened at 66.15 on Monday, lower than it had closed on Friday.
On September 02, 2013 09:33 (IST)
The government is considering various proposals including shutting petrol pumps in the night to taper fuel demand as it looks at ways to cut the massive oil import bill, Oil Minister M Veerappa Moily said.
On March 14, 2013 14:09 (IST)
The government is working towards making the country self-sufficient for its petroleum needs by 2030, Petroleum Minister M Veerappa Moily said on Thursday.
On March 06, 2013 18:09 (IST)
Oil Minister M Veerappa Moily today ruled out a roll back in the Rs 1.50 a litre hike in petrol and 45 paisa per litre increase in diesel rates saying only a small raise has been passed on to consumers.
On April 29, 2012 10:45 (IST)
Prime Minister Manmohan Singh said on Saturday that spiralling international oil prices have put a strain on the country's import bill and domestic prices need to be rationalised. State-owned oil companies haven't raised diesel, domestic LPG and kerosene prices for almost a year despite cost of raw material rising by a quarter. "We also need to rat...
On March 19, 2012 19:25 (IST)
RC Bhargava, Chairman, Maruti Suzuki India, however, said that the two-wheeler segment will not be affected by excise duty hike.
On November 23, 2011 12:12 (IST)
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