Dollar supremacy undermined as petrodollar ally joins Shanghai Cohort
How China is using diplomacy to dethrone the USD and establish Renminbi as global currency
How China is using diplomacy to dethrone the USD and establish Renminbi as global currency
India remains the world's top arms importer, but its arms imports declined by 11% between 2013-17 and 2018-22
Petrol sales up 8.9% to 2.8 million tonnes, while diesel sales surge 7.5% to 6.98 mn tonnes.
Import of petroleum-related products from Russia accounted for $27.7 billion in April-December 2022, a 700 % increase from $3.4 billion a year ago.
India continues to import fuel at a far cheaper rate despite the energy prices going through the roof due to Ukraine crisis, says Nirmala Sitharaman.
At the G20 summit in Bali, Prime Minister Modi urged countries to not put any restrictions on the supply of energy.
CPI declined to 6.77% in October from 7.41% in September when Russia topped the chart of India's oil suppliers.
The European Council agreed to immediately cut 75% of Russian oil imports.
The government warned that many countries in the immediate neighbourhood are facing severe fuel shortages and chaos due to high fuel inflation.
Value-added products, change in fuel-mix, inventory light model — and the inevitable price hikes are some of the steps India Inc. is taking to address volatile commodity prices.