All posts tagged: India oil imports

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

Published by Webster

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, UAE may sign pacts on strategic petroleum reserves, LPG during PM visit | India News

India, UAE may sign pacts on strategic petroleum reserves, LPG during PM visit | India News

Published by Parlour News

3 min readNew DelhiMay 14, 2026 02:34 AM IST At a time when the Indian government is adopting austerity measures amid the looming energy crisis due to the closure of the Strait of Hormuz, India and the UAE are likely to sign two pacts in the areas of “LPG and Strategic Petroleum Reserves” during Prime Minister Narendra Modi’s visit on May 15, sources said on Wednesday. During the PM’s visit to the UAE, sources stated that one of the key areas of focus will be “energy security”. “Two important MoUs in the areas of LPG and Strategic Petroleum Reserves are likely to be concluded during this visit,” the source said. Underlining that the UAE has been an important partner in India’s energy security, sources said that “last year, the UAE was the 4th largest source of crude oil meeting nearly 11% of our requirement”. UAE is the largest source of LPG for India, meeting nearly 40 per cent of India’s requirement, sources said. Sources said that through the current turmoil, the UAE has remained one …

Strait of Hormuz closure halts traffic, global oil prices rise

Strait of Hormuz closure halts traffic, global oil prices rise

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Traffic through the Strait of Hormuz has come to a standstill after Iran seized two ships, including one bound for Kandla port in Gujarat, which has increased uncertainty over the movement of oil and gas as 20 per cent of the world’s energy exports transit through the waterway.  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 Weighs Security Assurances Before West Asia Fuel Shipments, Asks Navy To Remain On Standby | India News

India Weighs Security Assurances Before West Asia Fuel Shipments, Asks Navy To Remain On Standby | India News

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Last Updated:March 09, 2026, 19:11 IST India is looking for alternative options and security assurances for urgent fuel shipments and has asked the Navy to remain on standby to escort ships, sources said. The Strait of Hormuz is virtually shut due to the West Asia conflict. (AFP/Representational Image) As the war between the US, Israel and Iran entered its eleventh day, India is now looking for options and security assurances for urgent fuel shipments, as the conflict in West Asia has sent oil prices soaring after major producers cut supplies. FOLLOW LIVE UPDATES Top government sources told CNN-News18 that the Ministry of Petroleum and Natural Gas is in talks with Iran and the United States and sought security assurances, while the Indian Navy is on standby for urgent LPG shipments. The Strait of Hormuz, which supplies roughly one-fifth of the world’s oil and liquefied natural gas, is virtually shut after the US-Israeli strikes on February 28 and Iran’s retaliatory attacks on Gulf countries. A prolonged war could leave businesses and consumers facing weeks or months of …

Russian oil ‘waiver’ explained: How war in West Asia forced Trump’s hand, giving India short-term relief | Explained News

Russian oil ‘waiver’ explained: How war in West Asia forced Trump’s hand, giving India short-term relief | Explained News

Published by Parlour News

With the effective halt in maritime cargo movement through the Strait of Hormuz hitting crude oil flows to India, the US has issued a temporary 30-day “waiver” to allow Indian refiners to buy Russian crude that is already sitting in tankers on water. India had, in recent months, cut down significantly on its oil imports from Russia amid trade negotiations with the US, as Washington made it a pre-requisite for scrapping its 25% additional penal tariff on India. But with the Strait of Hormuz — through which India gets over 40% of its oil imports — effectively blocked, Indian refiners had already started buying more Russian oil already available in the high seas, according to trade sources and vessel tracking data. “President Trump’s energy agenda has resulted in oil and gas production reaching the highest levels ever recorded. To enable oil to keep flowing into the global market, the Treasury Department is issuing a temporary 30-day waiver to allow Indian refiners to purchase Russian oil. This deliberately short-term measure will not provide significant financial benefit …

‘India Free To Buy Oil From Any Country’: Russia Says New Delhi’s Energy Purchases Are Its Own Call | World News

‘India Free To Buy Oil From Any Country’: Russia Says New Delhi’s Energy Purchases Are Its Own Call | World News

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Last Updated:February 04, 2026, 22:26 IST Kremlin spokesman Dmitry Peskov said Russia was not the only supplier of oil and petroleum products to India and never had been. PM Narendra Modi and Russian President Vladimir Putin. India is free to buy oil from any country, and there is nothing new in its decision to diversify crude suppliers, the Kremlin said on Wednesday, pushing back against claims made by US President Donald Trump. Kremlin spokesman Dmitry Peskov said Russia was not the only supplier of oil and petroleum products to India and never had been. “India has always purchased these products from other countries. Therefore, we see nothing new here,” he told. Peskov was responding to a question about Trump’s recent claim that Prime Minister Narendra Modi had agreed to stop buying Russian oil and instead shift purchases to the United States and possibly Venezuela. A day earlier, Peskov said Russia had received no official statement from India suggesting it planned to halt Russian oil imports. Russia’s Foreign Ministry also underlined the value of the energy …