Reduction in discounted Russian supplies will affect gross refining margins, as cheaper crude contributes to the profits of Indian Oil, Bharat Petroleum and Hindustan Petroleum
Enhanced enforcement of sanctions by Western powers may increase procurement costs and reduce the appeal of discounted Russian crude
Outbound petro shipments contributed $57 billion to India's coffers in FY23
India's plans to replace most petrol vehicles with electric ones may fall well short of the target, forcing the country to continue depending on crude oil
Petroleum Minister Hardeep Puri said there had been no disruption in supplies due to the attacks by Houthi rebels on oil tankers transiting the Suez
EverEnviro Managing Director & Chief Executive Officer Mahesh Girdhar speaks about India's second stab at Compressed Bio-Gas, after an initial attempt to convert waste-to-gas failed
Russian imports accounted for 39% of India's overall crude imports last year from 16% in 2022
'You can easily multiply capacity, but the biggest challenge to do any larger project in India is availability of land, availability of evacuation, funding, and the offtake agreement'
Around the world, more than 360,000 flights have already been powered by SAF
Moves by Washington to enforce the price cap strictly by opening investigations into five tankers transporting Russian oil has created concerns among refiners and traders
Poor planning by Indian policymakers, coupled with unbridled optimism for renewables, caught India unawares, industry officials noted
India turning into a magnet for sanctioned oil after its refiners started buying Russian oil last year at deep discounts
India's dependence on imported oil has only grown in the past decade to over 85 per cent of its needs
India has less than 3 per cent of the EU's PCS network, and received only 15 per cent of FAME-II EV subsidy scheme's Rs 10,000-crore budget
Russian oil's share of India's overall crude import basket down 8 percentage points in October amid lower discounts
India is studying options to resume imports of oil from Venezuela after purchases stopped in late 2020
Bankability biggest hurdle for public charging stations over low usage, indefinite breakeven period
Centre must boost support through grants, carbon taxes, and procurement mandates to achieve global H2 hub aspirations
The Indian crude oil basket, a mix of Gulf sour and Brent sweet grades, averaged $93.54 a barrel last month
The US and Europe are offering 8 to 10 times more subsidies amounting to a massive $650 billion, around 18 per cent of India's gross domestic product