India's oil imports from Iran for the fiscal year that began in April are set to surge to a seven-year high, with the nation's state-owned and private refiners together buying at least 400,000 bpd
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Indian explorers such as Oil and Natural Gas Corp have urged the government to levy cess at 8-10 per cent of crude oil prices instead of the current 20 per cent
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Responding to an expected drop in demand, top exporter Saudi Arabia on Sunday slashed the September price for its light crude for Asian customers by $1.30 a barrel
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The current level of international product prices of petrol and diesel and rupee-US dollar exchange rate warrant decrease in selling price of petrol and diesel: IOC
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Modi assures Kerala CM that the proposed Colachel port in Tamil Nadu is not going to affect the economic prospects of the Vizhinjam project
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India initially plans to build up oil reserves of 5 million tonnes at three locations - Visakhapatnam, Padur and Mangalore - equivalent to almost 10 days of its average daily imports of 4 million bpd
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Power Minister Piyush Goyal said in Lok Sabha that the country was producing sufficient power and hence efforts should be made by state governments to attract industries by offering uninterrupted power
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Government will grant billionaire Gautam Adani 16 billion rupees ($240 million) in so-called 'viability gap' funding to help the new port at Vizhinjam in Kerala win business from established hubs elsewhere in Asia
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