Page 4 - Fuel Imports

India needs to reduce dependence on import of crude oil: Nitin Gadkari

"Situation of state-run Discoms are very bad and are running on losses. In power, their principle is 'more generation, more losses, no generation, no losses', Gadkari said.

Current account comes under pressure from oil, gold and coal imports

However, current account deficit won't be unmanageable as was the case in 2011-13, say experts

Diesel crosses Rs 100 in MP; Sikkim latest state to have petrol at Rs 100

Petrol has crossed Rs 100 a litre mark in Mumbai, Chennai, Bengaluru, Hyderabad and Pune.

UN says Hamas-run Gaza strip will again receive Qatar-funded fuel

Shipments of Qatari-funded fuel into the Gaza Strip will resume for the first time since last month's 11-day war between Israel and Gaza's militant Hamas rulers, the UN envoy to the Mideast said

Oiling the recovery

Private players struggle against excessive regulation. The result is loss of investment and employment opportunities in India

Coal India aims to substitute 80-85 million tonne of imported fuel in FY'21

State-run Coal India is aiming at substituting imported dry fuel of 80-85 million tonne with more domestic supplies in the current fiscal, an official said

Fuel demand climbs for 3rd straight month in November over renewed activity

Diesel consumption, a key parameter linked to economic growth and which accounts for about 40% of overall refined fuel sales in India, edged up 0.6% month-on-month

Fighting fuel dependence

India has to think strategically to ensure macro stability