Bharat Express DD Free Dish

Oil Imports

India’s petrol prices are shaped by discounted Russian oil, Saudi supplies, taxes and fuel-price management, not confirmed BRICS Pay oil settlements.

India’s trade deficit narrowed to $21bn in March 2026 as exports rose and gold imports fell, says Emkay Global Financial Services.

PM Modi highlights diversified energy sourcing, strategic reserves, and measures ensuring stable oil, gas supply despite West Asia disruptions.

India & US advance trade talks, focusing on energy, defence, technology and climate cooperation.

US State Department Spokesperson Tammy Bruce declined to comment on India’s response to President Trump’s tariff threat over Russian oil imports.

India has clarified that there is no interruption in its imports of Russian oil, countering a recent statement by US President Donald Trump suggesting otherwise.