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.
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.
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.
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.
It’s a geopolitical game changer. US, now, has primacy over oil-producing allies and adversaries alike — whether it’s Saudi Arabia or Iran, Nigeria or Russia.
The latest comment comes as New Delhi and Washington have yet to sign a trade agreement. India’s purchase of Russian oil has reduced, but Moscow remains top source for crude.
If deal goes through, Greece will be 2nd foreign country to procure vehicle. Morocco was first; TATA Group has set up manufacturing unit there with minimum 30 percent indigenous content.
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.
Excellent analysis !!! Btw down somewhere in the paragraphs, you have mentioned Ukraine – is that a typo or is it for real ?
This is the reason I don’t want war to stop between Russia and Ukraine