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Last Updated:June 12, 2026, 08:10 IST S Jaishankar says India began buying cheaper Russian oil in 2022 at US request to stabilise global prices, rejects moralising and calls criticism hypocritical External Affairs Minister S Jaishankar attends the Session III: Emerging Powers and the New Geopolitical Competition of the annual Kultaranta Talks at the Finnish President’s…
There has been turmoil in the global oil market after the closure of the Strait of Hormuz. At a time when the oil supply of Middle East countries was affected, Venezuela has suddenly emerged as India’s third largest crude oil supplier. According to energy tracking data Kepler, Venezuela has overtaken both Saudi Arabia and the…
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Last Updated:April 03, 2026, 1:07 pm IST Ping Shun had earlier indicated through its transponders and AIS that it was en route to the Vadinar offshore terminal, with an expected arrival on April 4. Image used for representation A tanker carrying Iranian crude oil that was initially expected to deliver its cargo to India has…
Last Updated:March 19, 2026, 6:02 PM IST Ministry of External Affairs stressed securing global energy supplies, including from Russia. The Petroleum Ministry assured adequate crude supply and full refinery operations. Indian LPG vessel Shivalik arrives at LPG terminal Mundra Port. 2026. (Mundra Port via AP) India’s Ministry of External Affairs (MEA) on Thursday underlined the…
Hindi News Business Hormuz Route Closed: New Route Crude Oil Supply Increased 10% | India Fuel Prices Stable New Delhi54 minutes ago copy link Due to the ongoing tension in the Middle East, the worry of rising prices of petrol and diesel in the country has ended. Because, after the closure of the Hormuz route,…
The crisis of rising prices of petrol and diesel in India is over for the time being, because India has got the permission to buy crude oil from Russia at a cheaper price. For this, the US Treasury Department has announced to give 30 days special license to Indian refineries. This license will remain valid…
Last Updated:March 03, 2026, 12:00 IST India imports nearly two-thirds of its LPG consumption, with 85–90% sourced from the Gulf region (Image/Reuters) India is weighing a series of contingency measures — including restricting petrol and diesel exports, ramping up crude purchases from Russia and introducing demand-management steps such as LPG rationing — to address potential…
Last Updated:March 03, 2026, 01:52 IST Despite rising global crude prices and Hormuz tensions, India’s petrol and diesel prices should stay stable as oil firms absorb losses and monitor supply. A petrol pump staff checks documents of a commuter at a gas station at Mathura Road, in New Delhi. (IMAGE: PTI) Retail petrol and diesel…
Russian Oil Import: In the wake of tightening global sanctions on Moscow, India devised a method to bring in discounted Russian crude oil without breaching international law or raising costs at home. The operation, carried out in international waters near the Gulf of Oman, saw Indian-linked tankers conduct discreet ship-to-ship (STS) transfers to secure the…