Stay updated with the latest petrochemical news, articles, and insights from trusted sources. Explore in-depth coverage and expert analysis on petrochemical topics.
New Delhi, Apr 2 (PTI) Defence Minister Rajnath Singh on Thursday emphasised the need for round-the-clock monitoring of the West Asia conflict and called for a calibrated response to deal with any eventuality to ensure that national interests remain protected. Singh made the comments while chairing a high-level meeting of the Informal Group of Ministers (IGoM) set-up to monitor the situation in West Asia. The meeting was attended by External Affairs Minister S Jaishankar, Finance Minister Nirm ...Read More >
New Delhi, Apr 2 (UNI) Amid growing uncertainty in West Asia, the government on Thursday reviewed India's preparedness and response strategy at a high-level meeting chaired by Defence Minister Rajnath Singh in New Delhi, stressing the need for constant vigilance and calibrated action to safeguard national interests. The meeting, the second of the Informal Group of Ministers (IGoM) set up to monitor the evolving situation in the region, brought together key members of the union Cabinet to ass ...Read More >
New Delhi, Apr 2 : Defence Minister Rajnath Singh on Thursday chaired the second meeting of the Informal Group of Ministers (IGoM) to review the evolving situation in West Asia, stressing the need for round-the-clock monitoring and a calibrated response to minimise its impact on India. The meeting, held at Kartavya Bhawan in the national capital, was attended by key ministers including Nirmala Sitharaman, S Jaishankar, Hardeep Singh Puri, Jagat Prakash Nadda, Manohar Lal Khattar, Prahlad Joshi, ...Read More >
New Delhi, Apr 2 (PTI) India Inc on Thursday said the government's move to exempt import of critical petrochemical products from customs duty for three months till June 30 is a timely response to supply chain disruptions arising from the West Asia conflict which will provide relief to sectors such as textiles, packaging and pharmaceuticals. Chandrajit Banerjee, Director General, CII, said, "The Government of India's decision to grant full customs duty exemption on 40 critical petrochemical prod ...Read More >
New Delhi: The Centre on Thursday exempted import of critical petrochemical products from customs duty for three months till June 30. The government, however, aims to give a huge relief to sectors such as pharmaceuticals, chemicals and textiles, among others, and ensure supply stability amid the ongoing West Asia crisis. Crucial chemicals like ammonium nitrate, methanol, and PVC for three months have been waived from import duty, starting April 2. As part of the emergency measure of the governm ...Read More >
New Delhi, Apr 2 (PTI) The India-UK free trade agreement (FTA), signed in July last year, is likely to come into force in the next 30-45 days, Commerce and Industry Minister Piyush Goyal said on Thursday. Goyal held a bilateral meeting with Peter Kyle, UK's Secretary of State for Business and Trade, on the sidelines of the 14th ministerial conference of the World Trade Organisation (WTO) last month in Cameroon. "The United Kingdom is also very pleased at the speed with which the India-UK Free ...Read More >
New Delhi, Apr 2 (PTI) The government has directed oil refineries to divert a portion of the feedstock normally used for producing cooking gas (LPG) to industries affected by the ongoing petrochemical shortage, which spans sectors from packaging to condom manufacturing. The Ministry of Petroleum and Natural Gas, on April 1, directed refineries to allocate a portion of propylene to the petrochemical industry, which has been severely affected, as most feedstock has been diverted for cooking gas ( ...Read More >
New Delhi: India is preparing to reduce import duties and, if needed, regulate exports to ensure enough supply of essential goods within the country, as global trade faces disruption due to the ongoing Iran war, according to a Reuters report. Supply Chains Under Pressure The conflict in West Asia has disturbed global supply chains, affecting the movement of key goods such as energy, fertilisers, food items and industrial inputs. Rising tensions have increased freight costs and caused delays, m ...Read More >
New Delhi: The Centre has decided to provide full customs duty exemption on critical petrochemical products for three months due to the ongoing West Asia crisis, providing the much-needed "temporary and targeted relief" to the industry. Addressing the Inter Ministerial Briefing on Recent Developments in West Asia, Sanjay Mangal, member CBIC said the move has been taken to provide continuous availability of critical petrochemical inputs for domestic industry, reduce cost pressures on downstream ...Read More >
Mumbai: India's economic growth could slow and inflation may rise if crude oil prices remain elevated amid the ongoing West Asia conflict, according to a report by CareEdge Ratings. The report highlighted that if crude oil prices average around USD 100 per barrel, India's GDP growth for FY27 could decline to 6.5 per cent. At the same time, inflation is expected to rise above 5 per cent, reflecting the impact of higher energy costs on the economy. Also Read: India's economy shows early strain; ...Read More >
Mumbai (Maharashtra) [India], April 2 (ANI): India's economic growth could slow and inflation may rise if crude oil prices remain elevated amid the ongoing West Asia conflict, according to a report by CareEdge Ratings. The report highlighted that if crude oil prices average around USD 100 per barrel, India's GDP growth for FY27 could decline to 6.5 per cent. At the same time, inflation is expected to rise above 5 per cent, reflecting the impact of higher energy costs on the economy. Also Read ...Read More >
New Delhi [India], April 2 (ANI): Congress Member of Parliament Manish Tewari on Thursday questioned the long-term effectiveness of the Government's decision to slash excise and customs duties, calling it a 'band-aid approach' for a much larger global energy crisis. Tewari, while speaking to the reporters, said, "... One can only manage a contingency by reducing excise and customs duty. The main point is up to what extent this band-aid approach would work, if we do not get sufficient crude oil ...Read More >
Mumbai (Maharashtra) [India], April 2 (ANI): India's economic growth could slow and inflation may rise if crude oil prices remain elevated amid the ongoing West Asia conflict, according to a report by CareEdge Ratings. The report highlighted that if crude oil prices average around USD 100 per barrel, India's GDP growth for FY27 could decline to 6.5 per cent. At the same time, inflation is expected to rise above 5 per cent, reflecting the impact of higher energy costs on the economy. The report ...Read More >
NEW DELHI, April 2 (Xinhua) -- The Indian government on Thursday announced full customs duty exemption on a range of critical petrochemical products to ensure supply stability and shield the domestic industry and consumers from the impact of disruptions caused by the ongoing conflict in the Middle East. The exemption, which covers 40 key products, including anhydrous ammonia, methanol, toluene, styrene, vinyl chloride monomer and polybutadiene, will remain in force until June 30. According to ...Read More >
NEW DELHI - India has abolished import tax on petrochemicals used for making plastics and pharmaceutical goods after the government invoked emergency powers and diverted local chemicals for production of cooking gas due to shortages caused by the Iran war. The import tax exemption on 40 products is valid till June 30, according to a government statement on April 2. "The government's decision to grant customs duty exemption on select petrochemical products appears aimed at easing cost pressures ...Read More >
NEW DELHI, April 2 (Reuters) - India has abolished import tax on petrochemicals used for making plastics and pharmaceutical goods after the government invoked emergency powers and diverted local chemicals for production of cooking gas due to shortages caused by the Iran war. The import tax exemption, opens new tab on 40 products is valid till June 30, according to a government statement on Thursday. "The government's decision to grant customs duty exemption on select petrochemical products ap ...Read More >
The government on Thursday (April 2, 2026) exempted import of critical petrochemical products from customs duty to ensure supply stability and provide relief to consumers of final products amid the crisis in West Asia. The duty exemption, which is valid till June 30, will benefit sectors dependent on petrochemical feedstock and intermediates such as plastics, packaging, textiles, pharmaceuticals, chemicals, automotive components and other manufacturing segments. On global tensions and India's ...Read More >
New Delhi: The Centre has exempted 40 critical petrochemical feedstocks and intermediates from customs duties until June end to shield domestic industries from supply issues caused by the Iran war, the Finance Ministry announced on Thursday. This includes vital inputs such as ammonia, which plays a key role in fertilizer production and supports India's food security needs. The ministry described the action as a "targeted relief" aimed at guaranteeing the steady flow of essential petrochemicals ...Read More >
Mumbai: India's energy policy mix is proving to be a major insulating force in the current energy crisis, according to a report titled "India's Coal Shield in the Current Energy Crisis." Amid supply disruptions in oil and gas, India's high dependence on coal-based electricity generation (69-74 per cent), though often criticised, is proving beneficial. In contrast, other Asian countries like Taiwan, Hong Kong, Singapore and Thailand, which rely heavily on oil- and gas-based power generation, are ...Read More >
NEW DELHI: The government on Thursday exempted import of critical petrochemical products from customs duty to ensure supply stability and provide relief to consumers of final products amid the crisis in West Asia. The duty exemption, which is valid till June 30, will benefit sectors dependent on petrochemical feedstock and intermediates such as plastics, packaging, textiles, pharmaceuticals, chemicals, automotive components and other manufacturing segments. In a statement, the finance ministry ...Read More >
NEW DELHI: The Centre has exempted 40 critical petrochemical feedstocks and intermediates from duties to cushion domestic industry from supply disruptions triggered by the Iran war, the finance ministry said on Thursday. The relief, which will be in place until end-June, covers key inputs such as ammonia used in fertilizer production, a critical component for food security. The ministry described the move as a "targeted relief" aimed at ensuring the availability of essential petrochemical inpu ...Read More >
New Delhi: In light of the ongoing conflict in West Asia and the consequent disruptions in global supply chains, the Government of India has decided to provide full Customs Duty exemption on critical petrochemical products till 30th June, 2026, the Finance Ministry said on Thursday. This measure, according to the ministry, has been taken as temporary and targeted relief to ensure the continued availability of critical petrochemical inputs for the domestic industry, reduce cost pressures on down ...Read More >
New Delhi: Amid the West Asia conflict, the Government of India exempted customs duty on key petrochemical products till June 30, 2026, Finance Ministry said on Thursday. Import duty was cut to benefit including plastics, packaging, textiles, pharmaceuticals, chemicals, automotive components and other manufacturing segments and also provide relief to the end users, i.e, the consumers, the ministry said. The government took the decision to remove customs duty on critical petrochemical products ...Read More >
New Delhi, Apr 2 (PTI) The government on Thursday exempted import of critical petrochemical products from customs duty to ensure supply stability and provide relief to consumers of final products amid the crisis in West Asia. The duty exemption, which is valid till June 30, will benefit sectors dependent on petrochemical feedstock and intermediates such as plastics, packaging, textiles, pharmaceuticals, chemicals, automotive components and other manufacturing segments. In a statement, the fina ...Read More >
Gandhinagar (Gujarat) [India], April 1 (ANI): The Vibrant Gujarat Regional Conference (VGRC) for the South and Central Gujarat regions will be held at Surat on May 1 and 2 under the leadership of Prime Minister Narendra Modi and the able leadership of Chief Minister of Gujarat Bhupendra Patel. According to the Chief Minister's Office (CMO) release, VGRCs are aimed at boosting regional industrial growth, attracting sector-specific investments and strengthening global engagements, in alignment wi ...Read More >
New Delhi [India], April 1 (ANI): Union Minister G Kishan Reddy on Wednesday said that coal gasification can help India reduce imports of petrochemicals, crude oil and fertilisers, as the government pushes to scale up the sector through incentives and new investments. "We are importing petrochemicals, crude oil and fertiliser. All these things we can substitute through coal gasification projects," Reddy told reporters on the sidelines of a land leasing agreement for the Coal Gasification projec ...Read More >
The manufacture of condoms relies heavily on two critical inputs: silicone oil (used as a lubricant) and ammonia (essential for stabilising latex). The ripple effects of the ongoing US-Israel-Iran war in the Gulf region are now impacting an unlikely sector - India's Rs 8,000 crore worth condom manufacturing industry. According to a report by The Indian Express, disruptions in petrochemical supply chains have triggered shortages of key raw materials, affecting the country's condom manufacturing ...Read More >
Biswanath (Assam) [India], April 1 (ANI): Prime Minister Narendra Modi on Wednesday launched a huge attack aimed at the Congress, accusing the party of being "the root cause" of corruption in Independent India. Speaking at a public rally in Biswanath, the Prime Minister accused Congress of playing with Assam's identity, pride, and security, adding that it compromised with Assamese identity for the sake of power. Also Read | Oracle Layoffs: Employee Laid Off After 25 Years of Service Writes Emo ...Read More >
Biswanath (Assam) [India], April 1 (ANI): Prime Minister Narendra Modi on Wednesday launched a huge attack aimed at the Congress, accusing the party of being "the root cause" of corruption in Independent India. Speaking at a public rally in Biswanath, the Prime Minister accused Congress of playing with Assam's identity, pride, and security, adding that it compromised with Assamese identity for the sake of power. "The entire country knows that Congress is anti-development and has been the root ...Read More >
Mumbai, March 31: US President Donald Trump has issued a severe ultimatum to Tehran, threatening the complete destruction of Iran's energy grid and vital infrastructure if a diplomatic resolution is not reached "shortly." In a social media post on Monday, the President warned that the US military is prepared to target electric generating plants, oil wells, and the strategic Kharg Island export hub. The threat follows a month of high-intensity conflict and comes as Iran retaliates with strikes on ...Read More >
Stay updated with the latest None news, articles, and insights from trusted sources. Explore in-depth coverage and expert analysis on None topics.