India has further raised a windfall tax on exports of diesel and aviation turbine fuel it imposed last month to ensure adequate domestic supply. In a government notification on Saturday, India’s finance ministry increased the tax on diesel exports to 55.5 rupees per litre from 21.5 rupees per litre, and on exports of aviation turbine
Read More →The long-term fallout of the war in Iran is only beginning to take shape, but this much is clear: The conflict has left the Middle East unsettled, alliances strained and the world facing uncertain shifts in the balance of economic and military power. Iran’s theocracy is tattered but alive, with new economic leverage. The U.S.
Read More →Washington (AP): The largest monthly jump in gas prices in six decades caused a sharp spike in inflation last month, creating major challenges for the inflation-fighters at the Federal Reserve and heightening already substantial political hurdles for the White House. Consumer prices rose 3.3% in March from a year earlier, the Labor Department said Friday, up sharply from
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NEW DELHI/LONDON, April 10 (Reuters) – India’s shipping ministry has granted special permission to four vessels carrying Iranian oil – as requested by Reliance Industrie – to berth at the western port of Sikka, three industry sources said. India, the world’s third-biggest oil importer and consumer, has not received a cargo from Tehran since May
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