Crude Import
Crude import bill likely to rise 23% this fiscal, says oil ministry
According to oil ministry's Petroleum Planning Analysis Cell (PPAC), if crude prices increase by a dollar per barrel, the net import bill will increase by Rs7,969 crore
2 min read27 Jul 2017Indian Oil to receive first-ever US crude import in October
IOC's purchase of a US crude oil cargo comes after PM Narendra Modi's recent visit to Washington when President Donald Trump said his country looked forward to exporting more energy products to India
1 min read10 Jul 2017Indian Oil saves Rs1,000 crore in FY17 after crude import policy freedom
IOC chairman B.Ashok says the firm saved over Rs1,000 crore in FY17 after the govt gave state-owned refiners the freedom to formulate their own crude import policies
1 min read26 May 2017BPCL to set up Singapore trading unit
Bharat Petroleum's move aims to take advantage of new crude import rules to buy cheaper oil and get better terms from producers
2 min read20 Apr 2016India's Iran oil imports fall in January, but February arrivals to surge
Indian buyers of Iranian oil had been holding their purchases in check during the final months of international sanctions, anticipating a big marketing push by Tehran
2 min read3 Feb 2016India overtakes Japan as world's no.3 crude importer
India imported 3.86 million barrels-per-day of crude oil last year
1 min read30 Jan 2014India revises list of foreign firms that can sell crude, adds ENI
The move comes as India expands its sources for oil to meet soaring energy demand
2 min read19 Dec 2013