crude oil

Union Minister Hardeep Singh Puri added that production is expected to be 45,000 barrels per day of oil and over 10 million standard cubic metres per day of gas.

ONGC is expected to start crude oil production from its deep-water project in Krishna Godavari Basin.

Indiam refiners saved over USD 7 billion in foreign exchange by increasing crude oil imports from Russia

Some oil imports from Russia to India are being paid in Chinese Yuan, reports

Pakistan is facing unprecedented economic crisis with people running riots over shortage of basic necessities like flour.

The decree says that the supply of Russian oil and oil products to foreign legal entities and individuals persons is prohibited if they support the price cap

Puri said Bengal, Telangana, Kerala, Tamil Nadu, Andhra Pradesh and Jharkhand are yet to reduce VAT on petroleum products.

A price cap, set by EU and G7 countries, implies that oil sold at the agreed price can be shipped using the tankers of the said countries.

On November 29, a representative delegation from Pakistan flew to Moscow for a three-day visit with Russian officials to discuss the possibility of importing crude oil at a reduced price and discussing payment options and shipping costs.

Hardeep Singh Puri told CNN, "We have 1.34 billion population and we have to ensure that they are supplied with energy."