India’s oil import dependence crosses 90% in FY26
India's crude oil import dependence has risen to over 90% in FY26, up from 55% in FY99, according to a report by EY. The sharp increase highlights the country's growing vulnerability to…
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US Senate bill threatens 100% tariffs on Indian goods over Russian oil
The US Senate has passed a bill allowing up to 100% additional tariffs on goods exported to America by countries that buy Russian oil or gas and rank among the five largest…
Fuel prices unchanged, crude falls after US-Iran threat
Petrol and diesel prices across major Indian cities remained unchanged on August 20-21. In Delhi, petrol sells at Rs 102.12 and diesel at Rs 95.20. Mumbai petrol is Rs 111.21 and diesel…
CEA urges E10 option for old vehicles, no govt plan yet
Chief economic adviser V Anantha Nageswaran has argued that the government should offer E10 petrol as an option for older vehicles, even as officials say there is no plan to bring back…
India Ratings cuts GDP growth forecast to 6.8% for FY27
India Ratings & Research has projected India's GDP growth at 6.8% for FY27, down from 7.6% in FY26, citing risks from the West Asia conflict, weak rupee, and El Nino's impact on…
India Ratings projects FY27 GDP growth at 6.8% on risks from West Asia, El Niño
India Ratings and Research (Ind-Ra) on Tuesday projected India's GDP growth to slow to 6.8% in FY27, down from 7.6% in FY26, citing risks from higher fuel and food inflation due to…
DSP fund manager urges buying whole oil basket amid Hormuz tensions
Oil and gas stocks are moving in opposite directions after the Hormuz Strait tensions, but DSP Mutual Fund manager Singh advises investors to buy the whole basket rather than pick a side,…
India’s fuel demand growth forecast slashed 39% as PM urges conservation
India's transportation fuel demand growth forecast for 2026 has been revised down by 39% to about 78,000 barrels per day, down from an earlier estimate of 128,000 barrels per day, according to…
Julius Baer sees crude oil at $60, India to gain
Crude oil prices could fall to $60 a barrel, which would benefit India, said Mark Matthews of Julius Baer in an interview with NDTV Profit. The decline would lower India's import bill…
Sensex, Nifty open lower on US-Iran tension, crude near $89
Indian equity benchmarks opened lower on Monday as unresolved US-Iran tensions kept crude oil prices elevated near $89 a barrel. Telangana Today reports that the Nifty 50 opened at 24,343.45, down 22.55…
