Fri, Oct 04, 2024
Experts suggest that any sharp rise in crude oil prices above USD 80 per barrel is likely only if the conflict escalates and disrupts key supply routes, such as the Strait of Hormuz, a critical passage for global oil shipments.
More >
Thu, Jan 12, 2023
TRQ is a quota for a volume of imports that will enter India at specified or nil duty, but after the quota is reached, the normal tariff applies to additional imports.
Sat, Nov 24, 2018
"This will increase India's import bill as it meets over 80 per cent of its demand through imports, and a change of even USD 1 per barrel will impact the country's import bill by Rs 6,160 crore," it said.
Sat, Nov 03, 2018
Trump had announced the reimposition of sanctions in May when he withdrew the US from the agreement made by the five permanent members of the Security Council, Germany and the European Union (EU) with Iran to end its nuclear weapons programme.
Tue, Aug 30, 2016
Indian Oil Corporation (IOC), the nation's biggest oil firm, has raised crude oil import from Iran to four-fold and has cleared most of the past payments as sanctions against the Persian Gulf nation were eased.
By accepting cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.
