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Friday, January 9, 2026
TopicPetroleum

Topic: Petroleum

253788% —that’s no typo, it’s how much India’s petroleum exports to Europe have risen since 2018

In terms of value, India’s petroleum exports to key European markets saw 250% growth. It was driven first by pandemic-related factors, and then the war in Ukraine.

As geopolitics, economic woes slow petroleum exports to US & EU, India finds new markets in Asia, Africa

Data shows that India’s refined petroleum exports went from $96.57 billion in FY23 to $61.41 billion in FY24. Experts say decline is mainly due to Russia-Ukraine war.

Govt to slash windfall tax on petroleum crude to Rs 6,700 per metric ton

The windfall tax on aviation turbine fuel will increase to 4 rupees per litre from 2 rupees, while the levy on petrol will remain at zero, according to the notification.

India’s gasoline, diesel sales fall in July as monsoon rains impact mobility

Monsoon rains also hit demand from the agriculture sector as farmers use gasoil-fired generators for irrigation.

India-UAE vow to double non-petroleum trade to $100 bn by 2030, discuss rupee-dirham trade mechanism

Union minister Piyush Goyal and UAE's Thani bin Ahmed Al Zeyoudi conclude 1st session of India-UAE Joint Committee on Comprehensive Economic Partnership Agreement.

On Camera

Global economic growth to slow in 2026 as Trump’s tariffs bite, UN says

The global economy is forecast to expand 2.7% this year, down from an estimated 2.8% in 2025. Growth is expected to go back up to 2.9% by 2027.

2025: Pakistan’s deadliest year in over a decade

Islamabad-based think-tank PICSS's new report says Pakistan saw 'pronounced escalation' in violence last year, with 3,413 conflict-related deaths compared to 1,950 in previous year.

A year-end Mea Culpa in National Interest—The Army-Islam combo doesn’t kill democracy

Many of you might think I got something so wrong in National Interest pieces written this year. I might disagree! But some deserve a Mea Culpa. I’d deal with the most recent this week.