India Exports Of Oil
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India, Indonesia Risk Biggest Fallout From Geopolitical Shocks
A triumvirate of high oil prices, a surging dollar and geopolitical instability are set to weigh on India and Indonesia among Asia's emerging markets, while energy exporter Malaysia may prove a rare beneficiary.
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Oil Nears $90 For First Time In 2023, Fuel Price Unlikely To Change In India
Oil prices hit a 10-month high of nearly USD 90 per barrel as Saudi Arabia and Russia extended their voluntary production and export cuts until the end of the year.
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India, China Bought 80% Of Russia's Oil In May: International Energy Body
India and China, the world's top oil users, continued to lap up heavily discounted Russian crude oil, buying as much as 80 per cent of the oil that Moscow exported in May, the International Energy Agency (IEA) said in a report.
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Government Cuts Windfall Gains Tax On Domestic Crude Oil To Nil
The government has cut windfall gains tax on domestically-produced crude oil to nil while continuing the rate at zero on the export of diesel and ATF.
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Fuels From Russian Oil Gets Backdoor Entry Into Europe Via India: Report
Record high imports of crude oil from Russia in fiscal 2022-23 helped India's refiners boost exports of diesel and jet fuel to Europe as the continent shunned Russian products, preliminary ship-tracking data from Kpler and Vortexa showed.
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India Planning To Extend Restrictions On Fuel Export: Report
India plans to extend restrictions on the export of diesel and gasoline after the current fiscal year ends this month to ensure the availability of refined fuels for the domestic market, two government sources said.
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India Vies With China Over Russian Crude, Prices Rise
China, which is set to import record volumes of Russian crude in March, typically sweeps up all of the ESPO crude exported from the Pacific port of Kozmino due to close proximity while sanctions on Russian oil have shrunk the pool of buyers.
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"Comfortable" With India Approach On Russian Oil, No Sanctions: US
The US is not looking at sanctioning India over its oil purchase from Russia, Karen Donfried, US Assistant Secretary of State for European and Eurasian Affairs, said on Wednesday.
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Centre Raises Windfall Profit Tax On Crude Oil, Diesel Exports; New Rates To Apply From January 3
Tax rates were cut at the last fortnightly review on December 16, following a decline in global crude oil prices. International oil prices have since then firmed up, necessitating the raising of windfall tax.
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India Sees No Hit To Fuel Exports From EU Action On Russian Oil: Report
India, a leading buyer of Russian oil, does not expect its fuel exports to be disrupted by a European Union ban on the purchase of Russian refined fuels beginning February 5, oil secretary Pankaj Jain said on Friday.
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Tax On Windfall Profits Made By Oil Companies To Be Phased Out In 2023: Fitch Ratings
The tax rates are revised every fortnight based on prevailing international rates. The levy on petrol export has since been abolished.
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Windfall Profit Tax On Crude Oil Hiked And Cut For Diesel Exports
The government on Wednesday hiked windfall tax on domestically produced crude oil while reducing the rate on export of diesel.
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Russia Becomes India's Top Oil Supplier In October: Report
Russia has become India's top oil supplier in October, surpassing traditional sellers Saudi Arabia and Iraq, according to data from energy cargo tracker Vortexa.
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"US Will React To Saudi Arabia": Biden After OPEC+ Group Cuts Oil Output
US President Joe Biden on Wednesday said his administration will take action against Saudi Arabia after the Riyadh-led OPEC+ alliance announced plans to cut oil production, a move that America said would support oil exporters such as Russia
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Finance Minister Nirmala Sitharaman Defends Windfall Tax On Crude, Oil Product Exports
Finance Minister Nirmala Sitharaman on Monday defended the windfall tax on domestically produced crude oil and additional tax on exports of refined petroleum products, saying the levy has been imposed in full consultation with the industry.
-
India, Indonesia Risk Biggest Fallout From Geopolitical Shocks
A triumvirate of high oil prices, a surging dollar and geopolitical instability are set to weigh on India and Indonesia among Asia's emerging markets, while energy exporter Malaysia may prove a rare beneficiary.
-
Oil Nears $90 For First Time In 2023, Fuel Price Unlikely To Change In India
Oil prices hit a 10-month high of nearly USD 90 per barrel as Saudi Arabia and Russia extended their voluntary production and export cuts until the end of the year.
-
India, China Bought 80% Of Russia's Oil In May: International Energy Body
India and China, the world's top oil users, continued to lap up heavily discounted Russian crude oil, buying as much as 80 per cent of the oil that Moscow exported in May, the International Energy Agency (IEA) said in a report.
-
Government Cuts Windfall Gains Tax On Domestic Crude Oil To Nil
The government has cut windfall gains tax on domestically-produced crude oil to nil while continuing the rate at zero on the export of diesel and ATF.
-
Fuels From Russian Oil Gets Backdoor Entry Into Europe Via India: Report
Record high imports of crude oil from Russia in fiscal 2022-23 helped India's refiners boost exports of diesel and jet fuel to Europe as the continent shunned Russian products, preliminary ship-tracking data from Kpler and Vortexa showed.
-
India Planning To Extend Restrictions On Fuel Export: Report
India plans to extend restrictions on the export of diesel and gasoline after the current fiscal year ends this month to ensure the availability of refined fuels for the domestic market, two government sources said.
-
India Vies With China Over Russian Crude, Prices Rise
China, which is set to import record volumes of Russian crude in March, typically sweeps up all of the ESPO crude exported from the Pacific port of Kozmino due to close proximity while sanctions on Russian oil have shrunk the pool of buyers.
-
"Comfortable" With India Approach On Russian Oil, No Sanctions: US
The US is not looking at sanctioning India over its oil purchase from Russia, Karen Donfried, US Assistant Secretary of State for European and Eurasian Affairs, said on Wednesday.
-
Centre Raises Windfall Profit Tax On Crude Oil, Diesel Exports; New Rates To Apply From January 3
Tax rates were cut at the last fortnightly review on December 16, following a decline in global crude oil prices. International oil prices have since then firmed up, necessitating the raising of windfall tax.
-
India Sees No Hit To Fuel Exports From EU Action On Russian Oil: Report
India, a leading buyer of Russian oil, does not expect its fuel exports to be disrupted by a European Union ban on the purchase of Russian refined fuels beginning February 5, oil secretary Pankaj Jain said on Friday.
-
Tax On Windfall Profits Made By Oil Companies To Be Phased Out In 2023: Fitch Ratings
The tax rates are revised every fortnight based on prevailing international rates. The levy on petrol export has since been abolished.
-
Windfall Profit Tax On Crude Oil Hiked And Cut For Diesel Exports
The government on Wednesday hiked windfall tax on domestically produced crude oil while reducing the rate on export of diesel.
-
Russia Becomes India's Top Oil Supplier In October: Report
Russia has become India's top oil supplier in October, surpassing traditional sellers Saudi Arabia and Iraq, according to data from energy cargo tracker Vortexa.
-
"US Will React To Saudi Arabia": Biden After OPEC+ Group Cuts Oil Output
US President Joe Biden on Wednesday said his administration will take action against Saudi Arabia after the Riyadh-led OPEC+ alliance announced plans to cut oil production, a move that America said would support oil exporters such as Russia
-
Finance Minister Nirmala Sitharaman Defends Windfall Tax On Crude, Oil Product Exports
Finance Minister Nirmala Sitharaman on Monday defended the windfall tax on domestically produced crude oil and additional tax on exports of refined petroleum products, saying the levy has been imposed in full consultation with the industry.
