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Searched Tag: russian oil imports
An oil tanker stationed at an Indian port terminal.

Replacing Russian crude may cost India billions: Analysts

August 10, 2025, 05:48 PM - 4 min read

Indian refiners can operate without Russian oil, but analysts warn such a shift would sharply raise costs, cut diesel yields, and hurt margins, despite being technically feasible.

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Prime Minister Narendra Modi with US President Donald Trump during his visit to the US earlier this year. (File Photo)

Trump halts trade talks with India amid ongoing tariff dispute

August 8, 2025, 08:17 AM - 3 min read

The US President ruled out trade talks with India after slapping a 50 pc tariff on Indian imports over its Russian oil deals. India slammed the move as unfair and called out the double standards.

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Sensex and Nifty opened the trading session on a volatile note.

Sensex, Nifty slip as Trump adds tariffs; experts urge caution

August 7, 2025, 09:51 AM - 4 min read

Sensex opened 250 points lower but pared some losses, trading 131.05 points down at 80,412.94 by 9:22 am, suggesting a potentially volatile session ahead. Nifty50 also slipped 67.25 points to 24,506.95.

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Congress leader Jairam Ramesh attacked PM Modi over Trump threats.

'Dost, dost na raha': Cong jibes at Modi-Trump bond over tariff

August 5, 2025, 11:27 AM - 3 min read

The Congress criticised the BJP government's foreign policy, questioning Prime Minister Modi's much-touted 'special bond' with Donald Trump and alleging it has backfired on India amid renewed tensions over Trump’s warning on Russian oil imports.

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Last fiscal, India spent over USD 137 billion on import of crude oil, which is refined into fuels like petrol and diesel

Banishing Russian crude may cost India USD 9-11 bn

August 3, 2025, 08:26 PM - 5 min read

From less than 0.2 per cent before 2022, Russian oil now makes up 35-40 per cent of India’s crude intake since Russia started discounting it; moving away from it could risk high import bills for the country

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US Secretary of State Marco Rubio with Indian Foreign Minister S Jaishankar.

India buying Russian oil not sole point of friction: Rubio

August 1, 2025, 09:30 AM - 3 min read

A major hurdle preventing a US-India trade deal is India’s strong resistance to opening its agriculture and dairy sectors to American products.

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