Russian crude helps cap global oil prices amid global supply disruption, says International Oil Analyst

Apr 20, 2026

Russian crude oil is emerging as a key factor in containing global oil prices amid ongoing supply disruptions triggered by the crisis in the...

Duty reduction on crude edible oils beneficial for both refiners, consumers: CareEdge

Jun 22, 2025

On May 30, 2025, the government announced a reduction in the Basic Customs Duty (BCD) on key imported crude edible oils -- Crude Palm...

To keep fuel prices stable, govt cuts petrol, diesel excise duty; ATF tax revised

Mar 27, 2026

Amid the West Asia crisis and rising crude oil prices, the Finance Ministry has reduced special excise duty on petroleum products to keep petrol...

Industry body urges Centre to allow futures trading in crude palm, soybean oil

Nov 25, 2024

Edible oil industry body has once again requested the government to reconsider resuming futures trading in internationally traded commodities like crude palm oil and...

Any escalation in Middle-East crisis or sharp rise in crude prices will impact India's Oil Marketing Companies: Report

Jun 16, 2025

Any further escalation in the Middle-East crisis or a sharp rise crude prices could pose a serious risk to earnings, especially for Indian Oil...

Centre reduces standard rate of duty on edible oils

Sep 11, 2021

New Delhi [India], September 12 : The Centre on Saturday reduced the standard rate of duty on crude palm oil, crude soyabean oil to...