Buying more crude to fill strategic capacity will benefit India as international crude oil prices are falling
Traders, all speaking on condition of anonymity, said it was extremely difficult for refiners to plan their run rates because the situation changes every day
A higher diesel spread means refiners will see better GRMs as compared to the benchmark
The world's third-largest energy consumer would need a combination of cleaner diesel and petrol, compressed natural gas (CNG), biofuels and electric vehicles
All four Indian state-owned refiners that buy Iranian oil are confident of securing additional barrels from other producers
India's Foreign Ministry said the country was monitoring the evolving situation in Venezuela
These nine charts explain how a failed energy exploration policy has stalled expansion of India's domestic oil production
The oil ministry has also asked state refiners to consider setting up petcoke gasifiers, a government source said