Tag: indian oil

A Jio-BP petrol pump. While Reliance Industries runs only 2% of the more than 102,000 fuel stations in India, it’s the first operator to go beyond price hikes to rationing supply.
Posted in Business

Reliance caps fuel sales to ₹1,000 per visit at Jio-BP petrol pumps as shortages deepen| Business News

Reliance Industries Ltd. has capped fuel purchases across its petrol pumps as the Iran war continues to choke off supplies despite a tentative ceasefire. A…

Continue Reading
Indian Oil will share the LPG shipment from Iran with its state-owned peers BPCL and HPCL. (Reuters)
Posted in Business

Indian Oil buys first Iranian LPG since 2018 as shortage worsens| Business News

Indian Oil Corp. has bought LPG from Iran for the first time in almost eight years, according to people familiar with the matter, as India…

Continue Reading
UBS estimates a sales-to-production ratio of 1:2 for Indian Oil and BPCL, and 2:2 for HPCL. (Reuters)
Posted in Business

Indian Oil, BPCL, HPCL shares slump the most in a year as surge in crude oil prices bites| Business News

Shares of India’s state-run refiners led by Indian Oil Corp. Ltd. saw their steepest declines in more than a year as a widening Iran war…

Continue Reading
As part of the interim India-US trade deal, New Delhi has agreed to abstain from Russian oil imports, which, according to Washington DC, is fuelling Russia's war in Ukraine. (Reuters)
Posted in Business

Indian Oil-led refiners snap up 20 million barrels of Russian oil amid Iran war squeeze| Business News

Indian refiners, led by Indian Oil Corp. Ltd. are rushing to secure millions of barrels of prompt Russian crude as New Delhi scrambles to mitigate…

Continue Reading
An Indian Oil fuel station in Baghola, Haryana, India has since kept Russian oil purchases to a minimum to score a trade deal with the US. (Reuters)
Posted in Business

Indian Oil-led refiners eye Russian crude oil again as Iran war chokes Strait of Hormuz| Business News

India’s state-run refiners led by Indian Oil Corp. Ltd. met government officials over the weekend to hammer out contingency plans as an escalating Iran war…

Continue Reading
ET logo
Posted in Economy

Nepal’s soyoil exports to India jump tenfold on duty free access

Mumbai: Nepal’s soybean oil exports to India jumped more than tenfold ​in 2025 to a record ​high, boosted by duty-free access that helped the Himalayan…

Continue Reading
ET logo
Posted in Economy

US India Trade Deal: ‘Buying oil from the US is in India’s own strategic interests’, says Piyush Goyal

As India and US firm up its trade agreement, Union Minister Piyush Goyal said on Sunday that buying crude oil or LNG, LPG from Washington…

Continue Reading
Three US lawmakers introduce resolution to end India tariffs
Posted in Economy

Canada seeks India energy partnership to counter US economic coercion

Betul, Goa: Resisting US economic coercion requires building multilateral partnerships and doubling down on supply diversification, Canadian energy minister Tim Hodgson said at India Energy…

Continue Reading
Screenshot 2026-01-24 231348
Posted in Economy

US signals possible rollback of 25% tariff on India as Russian oil imports fall

New Delhi|Davos: The US has signalled the potential removal of additional 25% tariffs on India, following sharply lower imports of Russian oil. “We put a…

Continue Reading
ET logo
Posted in Economy

New tariff threat more of a pressure tactic: Oil industry

US President Donald Trump’s backing of a sanctions bill proposing a punitive 500% tariff on buyers of Russian oil is being viewed by Indian oil…

Continue Reading