Sunday, Sep 25, 2022
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Crude Oil Import

Exports Rise Marginally In August; Trade Deficit More Than Doubles To $27.98 Billion

During April-August 2022-23, exports registered a growth of 17.68 per cent to $193.51 billion. Imports during the five-month period of this fiscal grew by 45.74 per cent to $318 billion

14 September 2022

Govt Gives ONCG, Vedanta Freedom To Sell Crude Oil

While contracts for oilfields awarded since 1999 gave producers the freedom to sell oil, the government fixed buyers for crude produced from older fields, such as Mumbai High of ONGC and Ravva of Vedanta


Crude Oil.

India's Oil Import Bill Doubles To $119 Billion In FY22 Amid Soaring Energy Prices

India spent $13.7 billion in March alone when oil prices surged to a 14-year high. This compared with $8.4 billion spending in the same month last year.


Industry Welcomes Deregulation Of Locally Produced Oil

The government on June 29 allowed firms like ONGC and Vedanta to sell locally produced crude oil to any Indian refinery for turning it into fuels such as petrol and diesel

30 June 2022

Crude Oil Price At $110/Barrel Not Sustainable, Says Hardeep Singh Puri

International oil prices spiked this year, hitting a near 14-year high of USD 140 a barrel in March, after Russia's invasion of Ukraine exacerbated supply concerns


China To Subsidise Refiners If Global Oil Prices Surpass $130

The move will safeguard the stable supply of fuels, alleviate the burden on downstream enterprises and consumers, and lower the operating costs of the real economy

29 June 2022

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