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- Indexed articles, last 90 days
- 11
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- Sep 28, 2026
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- Jul 13, 2026
Latest articles
Can India Stop Buying Russian Oil? (opens the original)
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'India should not trade away its energy security for temporary tariff relief. Neither signing a trade agreement nor stopping Russian oil purchases can protect it from future US action.' India is unlikely to immediately cut crude oil imports from Russia, its largest supplier, despite a US threat to impose tariffs of as much as 100 per cent on goods imported from countries that continue buying Russian oil and gas, experts said. American President Donald Trump on September 18 signed legislation aut
Why Petrol Dealers Oppose UPI Fee (opens the original)
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Petrol pump dealers seek exemption from the proposed ₹5 UPI charge on fuel purchases above ₹2,000, citing pressure on their margins. Senior officials from the ministry of petroleum and natural gas (MoPNG) on Thursday held meetings with the All India Petroleum Dealers Association (AIPDA) to discuss the dealers' demand for exemption from merchant discount rate (MDR) on UPI transactions. The dealers' body said in a statement that it conveyed concerns to senior officials of the oil ministry during t
OMCs Lose Rs 5 Per Litre On Petrol, Rs 23 On Diesel (opens the original)
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'If crude remains above $100 per barrel, with restricted retail-price increases, OMCs could face negative petrol and diesel marketing margins, higher LPG under-recoveries, higher crude-landing, freight and insurance costs, working capital and debt accumulation and inventory losses if crude subsequently corrects sharply.' India's oil marketing companies (OMCs) are losing Rs 5 per litre on petrol and Rs 23 per litre on diesel as the benchmark Brent crude crossed the $100 per barrel mark on Wednesd
$100 Oil Hits India's Import Bill (opens the original)
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India's current account deficit could widen to 1.7% of GDP, or about $71 billion, if crude oil prices stay above $90 a barrel for a significant part of the second half of FY27. Renewed tensions between Iran and the US have sent crude oil prices sharply higher, with the Indian crude basket crossing $100 per barrel, raising concerns over India's oil import bill and putting pressure on the financial performance of oil marketing companies (OMCs), according to industry sources and analysts. The escal
ONGC to spend Rs 1 trillion on deepwater oil exploration (opens the original)
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The State-run ONGC is committing a massive Rs 1 trillion to deepwater exploration and drilling 87 wells over the next five years to significantly boost India's domestic crude oil and natural gas production. State-run Oil and Natural Gas Corporation (ONGC) Ltd plans to spend Rs 1 trillion on deepwater exploration activities in the next five years, targeting the drilling of 87 wells during the period, the company’s management said on Monday. India’s largest upstream firm plans to drill eight deep
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