India’s refined fuel export growth could face pressure as slower additions to refinery capacity may limit the country’s ability to expand diesel and aviation turbine fuel (ATF) shipments, according to the Organization of the Petroleum Exporting Countries (OPEC). The global oil producer group noted that delays in refinery capacity expansion could affect India’s future production […]
Maersk has launched a new shipping service connecting the Far East with the West Coast of South America, expanding its global network and strengthening trade links between two important economic regions. The new route is designed to provide customers with enhanced connectivity, greater schedule reliability, and improved access to key export and import markets. The […]
India’s imports of Russian crude oil increased in May as refiners expanded purchases to capitalize on competitive pricing and secure feedstock for growing domestic fuel demand. The rise reinforces Russia’s position as India’s leading crude supplier despite ongoing geopolitical tensions and evolving global trade patterns. According to market data, Indian refiners increased procurement of Russian […]
Indian steel manufacturers have expressed growing concern over a renewed influx of low-priced steel imports from China, warning that the trend could put pressure on domestic production, pricing, and profitability. Industry representatives say the rise in imports is intensifying competition in the local market at a time when steelmakers are already navigating fluctuating demand and […]
India has significantly increased shipping services to the East Hormuz and Red Sea regions, with the number of sailings reportedly doubling since February as carriers respond to evolving trade patterns and growing demand for maritime connectivity across key international routes. The expansion reflects efforts by shipping lines to maintain reliable cargo movement between India and […]
The Indian government has announced a reduction in export duties on petrol, diesel and aviation turbine fuel (ATF), a move aimed at enhancing the competitiveness of the country’s petroleum exports and supporting the refining sector. The decision is expected to provide relief to refiners by lowering export-related costs and improving margins on overseas shipments. Industry […]
India has suspended import duty on cotton for a period of five months, providing significant relief to textile exporters and manufacturers facing rising raw material costs and supply constraints. The temporary measure is aimed at improving the competitiveness of India’s textile and apparel sector in global markets while ensuring adequate availability of cotton for domestic […]
Iran’s newly established Persian Gulf Strait Authority (PGSA) has announced the creation of a “controlled maritime zone” covering key waters of the Strait of Hormuz, signalling a major escalation in Tehran’s efforts to regulate one of the world’s most strategically important shipping corridors. In a statement posted on X on Wednesday, the authority said vessels […]
India’s growing fuel import bill continues to weigh on the country’s external trade balance despite government measures aimed at moderating non-essential imports and reducing gold-related outflows. Higher crude oil and energy purchases have kept pressure on the current account and import expenditure amid volatile global commodity markets. Analysts said strong domestic energy demand, coupled with […]
The Indian government has clarified that there are currently no plans to impose restrictions on non-essential imports, even as authorities continue to closely monitor movements in the rupee and the broader external trade environment. Commerce and Industry Minister Piyush Goyal said the Centre remains watchful of currency fluctuations and global economic developments but does not […]