All posts tagged: imports

US supplies about 67% of India’s LPG imports, reducing Gulf reliance: Hardeep Puri

US supplies about 67% of India’s LPG imports, reducing Gulf reliance: Hardeep Puri

Published by Parlour News

New Delhi [India], August 7 (ANI): Union Minister for Petroleum and Natural Gas Hardeep Singh Puri on Friday dismissed speculative reports regarding a potential levy on cooking gas, clarifying that no such move is under consideration by the government. Union Minister of Petroleum and Natural Gas Hardeep Singh Puri said that while global crude volatility had pushed petrol and diesel prices up marginally in recent years, excise duty cuts announced by the central government in November 2021, May 2022 and March 2026, cumulatively around ₹10 per litre had kept Indian retail fuel prices among the most affordable globally, (@HardeepSPuri X) Speaking at the 7th CII International Energy Conference, Puri challenged media reliance on unverified claims, stating, “Someone writes and rumours are spread and then you ask me to respond. It’s not fair. It’s not fair. If you have something concrete, let me know. But I’m not aware of any such proposal.” Earlier, addressing concerns over ethanol-blended petrol, the minister highlighted that India’s fuel distribution network remained stable through recent market shocks. He said India’s fuel …

India ensured uninterrupted fuel supply through diversified imports, says Union Petroleum Minister

India ensured uninterrupted fuel supply through diversified imports, says Union Petroleum Minister

Published by Webster

India successfully insulated consumers from fuel supply disruptions caused by the closure of the Strait of Hormuz earlier this year by diversifying crude oil imports, expanding refining capacity and boosting domestic production, Union Petroleum and Natural Gas Minister Hardeep Singh Puri said on Friday. Speaking at an industry event organised by the Confederation of Indian Industry (CII), Puri said India’s energy security strategy has evolved beyond merely securing access to hydrocarbons, reported PTI.  Disclaimer: We do not own any of the content, ideas, images, or text presented here. All rights belong to their respective owners. For more information and to view the original source, please visit the following link: Source link

Govt permits pharmaceutical imports via Navi Mumbai Airport under new rules

Govt permits pharmaceutical imports via Navi Mumbai Airport under new rules

Published by Webster

The Ministry of Health and Family Welfare has allowed the import of drugs through the newly inaugurated Navi Mumbai Airport in Maharashtra, increasing the number of designated entry points for pharmaceutical consignments across India to 42 ports. The decision was taken through an amendment to Rule 43A of the Drugs Rules, 1945, which adds Navi Mumbai Airport to the list of airports permitted to handle drug imports. According to officials, the move is aimed at strengthening the pharmaceutical supply chain, improving logistics infrastructure and making the import process more efficient for businesses involved in the sector. Amendment cleared after consultation with advisory board The Ministry of Health and Family Welfare said the notification was issued after consultation with the Drugs Technical Advisory Board under the provisions of the Drugs and Cosmetics Act, 1940. “The amendment is expected to facilitate smoother movement of pharmaceutical consignments, strengthen logistics infrastructure, and provide greater flexibility to importers by adding a new alternative for import of medicines into India,” the statement noted. Officials said the addition of Navi Mumbai Airport …

US retains top spot in India’s LPG imports as Gulf dependence eases

US retains top spot in India’s LPG imports as Gulf dependence eases

Published by Webster

According to data from commodity analytics firm Kpler, India imported 773.78 thousand metric tonnes (TMT) of LPG from the US in June, marking a 19.4 per cent increase from May. Overall, India’s LPG imports rose 3 per cent during the month to 1,191 TMT, compared with 1,155 TMT in May. Disclaimer: We do not own any of the content, ideas, images, or text presented here. All rights belong to their respective owners. For more information and to view the original source, please visit the following link: Source link

Nitin Gadkari approves 100 per cent ethanol fuel to reduce India’s oil imports

Nitin Gadkari approves 100 per cent ethanol fuel to reduce India’s oil imports

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Union Road Transport and Highways Minister Nitin Gadkari on Saturday announced that the government has approved the use of 100 per cent ethanol as fuel, a move aimed at reducing India’s dependence on imported fossil fuels and accelerating the transition towards cleaner and alternative energy sources. The minister made the announcement during a press conference in Nagpur while highlighting key achievements of the National Democratic Alliance (NDA) government over the past 12 years. Disclaimer: We do not own any of the content, ideas, images, or text presented here. All rights belong to their respective owners. For more information and to view the original source, please visit the following link: Source link

India raises gold, silver tariffs to 15% to curb imports, support rupee: Report

India raises gold, silver tariffs to 15% to curb imports, support rupee: Report

Published by Parlour News

India has raised import tariffs on gold and silver to 15% from 6%, government orders said on Wednesday, as part of efforts to curb overseas purchases of the metals and ease pressure on the country’s foreign exchange reserves. A saleswoman shows gold necklaces on display inside a jewellery showroom in Kolkata. (REUTERS) The higher duties could dampen demand in the world’s second-largest consumer of precious metals, although they may help narrow India’s trade deficit and support the rupee, one of Asia’s worst-performing currencies. However, industry officials warned higher import taxes could revive smuggling, which had eased after India cut tariffs in mid-2024. The government has imposed a 10% basic customs duty and a 5% Agriculture Infrastructure and Development Cess (AIDC) on gold and silver imports, taking the effective import tax to 15% from 6%. “As expected, the government has raised duties to curb the current account deficit. However, this could affect demand, as gold and silver prices were already elevated,” said Surendra Mehta, national secretary at the India Bullion and Jewellers Association. Prime Minister Narendra …

Maharashtra Minister Bawankule backs PM Modi’s Swadeshi push to reduce imports

Maharashtra Minister Bawankule backs PM Modi’s Swadeshi push to reduce imports

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Maharashtra minister Chandrashekhar Bawankule on Monday supported Prime Minister Narendra Modi’s recent appeal promoting the use of indigenous products and reduced dependence on imports, describing the move as an important step towards strengthening India’s economy, reported ANI. Speaking to reporters in Pune, Bawankule said the Prime Minister’s call for “Swadeshi” reflected the same spirit of self-reliance advocated by Mahatma Gandhi during the freedom movement, reported ANI. Disclaimer: We do not own any of the content, ideas, images, or text presented here. All rights belong to their respective owners. For more information and to view the original source, please visit the following link: Source link

How Hormuz Disruption Cut Imports

How Hormuz Disruption Cut Imports

Published by Parlour News

The effective closure of the Strait of Hormuz since early March amid the West Asia conflict has significantly hit India’s liquefied petroleum gas (LPG) supplies, for which the country depended heavily on imports from the Gulf countries. The disruption is clearly visible in the data: India’s LPG imports dropped sharply in March and April, halving from the average import volumes for most of financial year 2025-26, ship tracking data shows. With the persistent uncertainty and lack of clarity on when vessel movements through the Strait would return to the pre-war normal, India’s LPG supply challenge is far from over with supply tightness likely to continue for the foreseeable future. The Strait of Hormuz — the narrow waterway between Iran and Oman — is the key maritime chokepoint through which a sizeable chunk of global petroleum flows usually pass. The war in West Asia began with the US-Israeli strikes on Iran on February 28. Vessel movements through the Strait have crashed and reduced to a trickle since then — to fewer than 10 a day from …

Domestic LPG supply steady in Hyderabad; auto-LPG under strain amid imports decline: Collector

Domestic LPG supply steady in Hyderabad; auto-LPG under strain amid imports decline: Collector

Published by Parlour News

Hyderabad District Collector Hari Chandana Dasari speaking at a district-level Energy Supply Monitoring Committee meeting on Wednesday. | Photo Credit: Special Arrangement Hyderabad, which has around 18.62 lakh domestic LPG connections serviced by 69 distribution centres, continues to witness stable supply for household consumers. However, the Auto-LPG segment, largely managed by private operators, is facing pressure due to a decline in imports, said Hyderabad District Collector Hari Chandana Dasari on Wednesday. The Collector was speaking at a district-level Energy Supply Monitoring Committee meeting where she reviewed the availability, stock levels and supply status of petrol, diesel and LPG with distributors and agency operators. Published – April 01, 2026 08:19 pm IST Disclaimer: We do not own any of the content, ideas, images, or text presented here. All rights belong to their respective owners. For more information and to view the original source, please visit the following link: Source link

Panel: Take steps to protect farmers against cheap edible oil imports | India News

Panel: Take steps to protect farmers against cheap edible oil imports | India News

Published by Parlour News

2 min readNew DelhiMar 28, 2026 05:15 AM IST Noting that India imports 56% of its edible oil needs, a Parliamentary committee has recommended that, to protect farmers from cheap imports, the government should devise such a mechanism wherein import duties on edible oils get dynamically adjusted based on domestic production levels. In its report, the Standing Committee on Agriculture, Animal Husbandry and Food Processing said, “The Committee strongly recommend that the Government should devise such mechanism wherein import duties get dynamically adjusted based on domestic production levels to protect farmers from cheap imports.” Headed by Congress member Charanjit Singh Channi, the panel said, “The Committee also feel that 20% safeguard duty or as such percentage as felt relevant by the concerned Government authorities needs to be imposed on Palm Oil imports if and when global prices fall below $800/tonne or any other rate fixed by the Government which would help & espouse the cause of Indian farmers.” “…in order to incentivise production of palm oil, NMEO-OP (National Mission on Edible Oils-Oil Palm) needs to …