scorecardresearch
Monday, September 1, 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

Essential oils aren’t just about nice smells. They can change your skincare routine

Essential oils contain powerful properties that can help address concerns like acne, aging, hydration, and inflammation.

A Rs 33,000 cr ‘banking fraud’: ED’s case against Arvind Dham, Amtek’s web of ‘500 shell companies’

ED has accused Amtek promoter Arvind Dham of controlling web of nearly 500 shell companies operating as a layered structure, with up to 15 levels of indirect ownership, to divert funds.

‘Real-time, all-climate’ explosives detector could enhance airport & border security—no dogs, no swabs

Bengaluru-based CeNS designs accurate, portable, and cheap sensor using surface-enhanced Raman spectroscopy. It could significantly reduce risks at vulnerable choke points. 

For Indian Mercedes, Asim Munir’s dumper truck in mirror is closer than it appears

From Munir’s point of view, a few bumps here and there is par for the course. He isn’t going to drive his dumper truck to its doom. He wants to use it as a weapon.