New Delhi, July 12 (IANS) India’s imports of Russian crude oil climbed to a record high in June, even as Russia’s overall oil export revenues declined amid softer global prices, according to a report by the Centre for Research on Energy and Clean Air (CREA).The report said India imported Russian crude worth EUR 4.5 billion during the month, a 34 per cent increase over May. Crude oil accounted for 83 per cent of India’s total Russian fossil fuel imports, which stood at EUR 5.5 billion in June, ma…
Latest Nayara Energy News & Updates
New Delhi, July 1 (IANS) Opposition leaders on Wednesday took a jibe at the Bharatiya Janata Party (BJP)-led Central government after its decision to reduce the price of 19-kg commercial LPG cylinders, calling it a “favour” similar to “taking away someone’s eyes and then donating glasses”.The reactions came after state-owned Oil Marketing Companies (OMCs) reduced the price of 19-kg commercial LPG cylinders by up to Rs 183.5 across major cities, effective from July 1, providing relief to restaura…
New Delhi, July 1 (IANS) Consumers and fuel retailers across several states on Wednesday welcomed Nayara Energy’s decision to reduce petrol and diesel prices, saying the move has brought much-needed relief after weeks of high fuel costs triggered by geopolitical tensions in West Asia.From Uttar Pradesh and Punjab to Gujarat, customers at Nayara fuel stations said the reduction in prices would ease their daily expenses, particularly for commuters and gig workers who had been hit hard by the incre…
New Delhi, July 1 (IANS) India’s largest private fuel retailer, Nayara Energy, on Wednesday reduced petrol prices by Rs 5 per litre and diesel prices by Rs 3 per litre across its nationwide retail network, which is the first cut in retail fuel prices since global crude oil prices began easing following the de-escalation of tensions in West Asia.However, actual retail prices will vary across states depending on local taxes, including value-added tax (VAT).The revised rates have come into effect a…
Chandigarh, March 28 (IANS) Congress MP Manish Tewari on Saturday expressed concern over the escalating situation in the Gulf, stating that the ongoing conflict shows no signs of ending and is beginning to impact India’s economic and energy security. He stressed the need for urgent efforts to de-escalate tensions and reopen the strategically vital Strait of Hormuz. Speaking to IANS, Tewari said, “The situation is quite serious. The war in the Gulf does not seem to be ending, and it is having…
New Delhi, March 26 (IANS) Nayara Energy on Thursday increased petrol and diesel prices, becoming one of the first fuel retailers in India to pass on the recent rise in global crude oil prices to consumers.The company has raised petrol prices by Rs 5 per litre and diesel by Rs 3 per litre, according to sources.The actual increase may vary slightly across states due to differences in local taxes such as VAT. In some regions, petrol prices have gone up by as much as Rs 5.30 per litre.The move come…
Ahmedabad, Jan 11 (IANS) The regional edition of Vibrant Gujarat, aimed at translating the vision of ‘Viksit Gujarat se Viksit Bharat’ into action, opened in Rajkot on Sunday with a grand launch at Marwadi University. Prime Minister Narendra Modi inaugurated the five-day business exhibition and the Vibrant Gujarat Regional Conference in the presence of Chief Minister Bhupendra Patel, Deputy Chief Minister Harsh Sanghavi and Chief Secretary M.K. Das.After the inauguration, the Prime Minister tour…