In a significant policy move aimed at encouraging cleaner fuel consumption and strengthening India’s energy security framework, the Central Government has announced a reduction in excise duty on petrol blended with ethanol. The decision comes at a time when global energy markets continue to face volatility due to geopolitical tensions and uncertainty surrounding crude oil...
Union Finance Minister Nirmala Sitharaman on Friday said that the recent GST rate cut will help boost domestic growth and counter the adverse impact of the US’s 50% tariff hike on Indian exports. Speaking in an interview, she stressed that India will continue to buy Russian oil based on economic considerations, as crude oil remains...
India has significantly increased its crude oil imports from the United States since President Donald Trump began his second term in office, sources familiar with trade data reported. This surge marks a notable shift in India’s energy procurement strategy, with imports rising by more than half compared to the previous year. Government sources revealed that...