Noida Authority seeks review relief granted to ET Infra Developers

IOC, BPCL Resume Russian Oil Buys As Discounts Widen

Indian Oil Corporation (IOC) and Bharat Petroleum Corporation Ltd (BPCL) have resumed purchases of Russian crude for September and October deliveries, after discounts on the country’s flagship Urals crude widened, two company officials confirmed.The refiners had paused imports in July due to narrowing discounts and heightened political pressure, after Washington criticised India’s Russian oil buys. Former US President Donald Trump also threatened a 25 per cent levy on Indian goods, effective 27 August, in response to New Delhi’s continued imports.With Urals crude now available at discoun..

Indian Oil, Air India Sign MoU For Sustainable Aviation Fuel

Indian Oil Corporation (IOC) has signed a Memorandum of Understanding (MoU) with Air India for the supply of sustainable aviation fuel (SAF), just days after becoming the first Indian company to secure ISCC CORSIA certification for SAF production at its Panipat refinery.The MoU underscores a shared commitment to low-carbon fuel adoption, supporting global decarbonisation targets and accelerating India’s transition towards sustainable aviation.“With our ISCC CORSIA-certified SAF from Panipat, Indian Oil is ready to provide a sustainable fuel solution that will help decarbonise air travel. P..

India’s Gas Import Bill Falls 9.4 per cent To $4.8 Billion In FY26

India’s natural gas import bill fell 9.4 per cent to $4.8 billion in the first four months of FY26, compared with $5.3 billion in the same period of FY25, according to data from the Petroleum Planning and Analysis Cell (PPAC).During April–July FY26, the country imported 11,534 million standard cubic metres (mmscm) of LNG, a 12.4 per cent decline year-on-year. In July alone, the bill dropped 20 per cent to $1.2 billion, while import volumes also slipped 20 per cent to 2,946 mmscm.India’s natural gas consumption fell 7.8 per cent to 23,134 mmscm, while domestic production declined 3 per ce..