July 31, 2025
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EU sanctions on Russia oil: Indian refiners to be hit; .3 billion worth of exports could be at risk – Times of India

EU sanctions on Russia oil: Indian refiners to be hit; $14.3 billion worth of exports could be at risk – Times of India

alishpagda08@gmail.com03 mins

The EU sanctions against Russia are expected to have significant implications for Indian refiners, according to a recent ICRA report.On July 18, the EU implemented its 18th sanctions package against Russia, prohibiting imports of refined products derived from Russian crude oil from third countries, whilst exempting Canada, Norway, the US, the UK and Switzerland.The impact…

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Industry bodies hail cut on crude oil customs duty, call it timely support for refiners – Times of India

Industry bodies hail cut on crude oil customs duty, call it timely support for refiners – Times of India

alishpagda08@gmail.com04 mins

NEW DELHI: Industry associations Solvent Extractors’ Association (SEA) and Indian Vegetable Oil Producers’ Association (IVPA) have welcomed the government’s decision to reduce the basic customs duty on crude edible oils to 10 per cent, calling it a timely intervention that supports domestic refiners and discourages imports of finished products.Announced on Friday, the policy reduces the…

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