scorecardresearch
Monday, September 22, 2025
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.

Philippine residents clean up oil spill, authorities contain environmental damage

The sunken tanker was carrying about 800,000 litres– 211,338 gallons – of industrial fuel oil when it suffered engine trouble on 28 February in rough seas.

‘We’ll look at what’s on offer,’ Union Minister Puri on Russia’s Sakhalin-1 ownership revamp

Last week, Russia gave a state-run company the authority to decide whether foreign shareholders, including India's ONGC Videsh, can retain their participation in the project.

Sizzling oil prices burning a hole in your pocket, but refiners are making a killing

While state-run refiners have recorded higher-than-usual margins in 2021-22, the margins are more for private players as they are the biggest beneficiaries of cheap Russian crude.

Saudi Aramco raises oil prices as crude surges to nearly $95 a barrel

Aramco’s decision came days after OPEC+ opted to increase its daily crude production by 400,000 barrels a day next month.

Govt may consider bringing petrol, diesel under GST

GST Council, which meets Friday in Lucknow, is also likely to consider extending time for duty relief on Covid-19 essentials.

On Camera

Indian police need urgent reforms. 2006 SC order yielded no results

In the face of judicial scrutiny, several states issued executive orders after SC’s 2006 verdict. But these enactments were cleverly designed to circumvent the implementation of judicial directions.

Market regulator SEBI clears Adani Group of impropriety alleged by Hindenburg Research

SEBI probe concluded that purported loans and fund transfers were paid back in full and did not amount to deceptive market practices or unreported related party transactions.

60 yrs on, veterans recall lessons from 1965 India-Pakistan war. ‘Equipment alone doesn’t win battles’

A common thread runs through the memories of soldiers of the 1965 war—ingenuity, courage and camaraderie that withstood an apparently technologically superior foe.

India doesn’t give walkovers to Pakistan in war. Here’s why it shouldn’t do it in cricket either

Many really smart people now share the position that playing cricket with Pakistan is politically, strategically and morally wrong. It is just a poor appreciation of competitive sport.