Nidhi Verma

All stories by Nidhi Verma

Global oil giants seek inroads into India's retail fuel market

Global oil giants seek inroads into India's retail fuel market

Rediff.com3 Jun 2016

India, the world's fourth-biggest oil consumer, recently offered Saudi Aramco a stake in refineries and petrochemical projects.

India in driver's seat as fuel demand roars at fastest rate ever

India in driver's seat as fuel demand roars at fastest rate ever

Rediff.com18 Mar 2016

India has already pipped Japan as the world's third-largest oil consumer.

Reliance set to buy Iran oil after five-year hiatus

Reliance set to buy Iran oil after five-year hiatus

Rediff.com18 Feb 2016

Officials from India's biggest private refiner recently visited Iran to chalk out the details for resumption of trade ties with Tehran.

Iran-India $2.5 bn steel deal totters as end of sanctions looms

Iran-India $2.5 bn steel deal totters as end of sanctions looms

Rediff.com15 Jan 2016

Iran has complained of irregular shipments

As clock ticks down on sanctions, oil-laden Iran tankers set to target India and Europe

As clock ticks down on sanctions, oil-laden Iran tankers set to target India and Europe

Rediff.com15 Jan 2016

Tehran plans to lift exports by 500,000 barrels per day

World's richest temple may move stash to Modi's gold scheme

World's richest temple may move stash to Modi's gold scheme

Rediff.com7 Dec 2015

The richest Hindu temple in the world could soon come to the rescue of Prime Minister Narendra Modi's plan to recycle tonnes of idle gold and cut economy-hurting imports.

Reliance sells diesel to Indian Railways, first time in a decade

Reliance sells diesel to Indian Railways, first time in a decade

Rediff.com15 Jul 2015

The government freed diesel pricing last October, providing a level playing field to private companies like Reliance and Essar Oil.

India asks refiners to buy dollars, euros to settle Iran oil dues

India asks refiners to buy dollars, euros to settle Iran oil dues

Rediff.com30 Jun 2015

India has asked refiners that owe about $6.5 billion to Iran for oil imports to build up dollar and euro balances to avoid downward pressure on the rupee if six world powers and Tehran reach a final nuclear deal.

Saudi Arabia loses spot as top crude supplier to India

Saudi Arabia loses spot as top crude supplier to India

Rediff.com24 Jun 2015

The shift comes as the gap between the international benchmark Brent and the Middle East price marker narrows

India lowers April-Sept gas prices by 8%

India lowers April-Sept gas prices by 8%

Rediff.com31 Mar 2015

Locally produced gas in India will now cost at least 8 per cent less.

India asks refiners to cut Iran oil imports ahead of Obama visit

India asks refiners to cut Iran oil imports ahead of Obama visit

Rediff.com22 Jan 2015

India's imports from Iran rose to 250,200 barrels per day

India's oil imports from Iran jumped sharply in 2014

India's oil imports from Iran jumped sharply in 2014

Rediff.com16 Jan 2015

India's Iran imports rise to 276,800 bpd vs 195,600 bpd in 2013.

Diesel decontrol: Private retailers may come back to business

Diesel decontrol: Private retailers may come back to business

Rediff.com21 Oct 2014

Diesel makes up nearly half of fuel demand in Asia's No 3 economy.

India's older refineries to face survival test on diesel deregulation

India's older refineries to face survival test on diesel deregulation

Rediff.com26 Sep 2014

These refineries, commissioned mostly in the 1950s and 1960s during India's early industrialisation push, are inefficient and costly to maintain compared to their modern counterparts on the coast mainly operated by private companies.

Decision on diesel deregulation after state polls

Decision on diesel deregulation after state polls

Rediff.com16 Sep 2014

This is perhaps the first time that retail prices in India are higher than the global rates

Reliance plans $13 billion project including new refinery

Reliance plans $13 billion project including new refinery

Rediff.com29 Aug 2014

Reliance Industries has sought environment ministry approval for a $13 billion upgrade to its Jamnagar complex, including a 400,000 barrels per day (bpd) refinery.

Government mulls selling $3 billion stake in ONGC

Government mulls selling $3 billion stake in ONGC

Rediff.com15 Jul 2014

The government will decide in August whether to sell a 5 percent stake in ONGC, a senior oil ministry official said, in a deal that would be worth $2.9 billion at current market prices.

HPCL to export gasoline due to maintenance

HPCL to export gasoline due to maintenance

Rediff.com31 Mar 2014

The shutdown of the gasoline making units would result in the production of high sulphur gasoline that cannot be sold in India.

RIL's Jan oil imports down 14.2% from Dec

RIL's Jan oil imports down 14.2% from Dec

Rediff.com25 Feb 2014

Reliance imported about 1.09 million bpd in January as it had cut runs at its older 660,000 barrels per day (bpd) plant by about 23 per cent from a year ago.

Govt mulls partial rollback of diesel price hike

Govt mulls partial rollback of diesel price hike

Rediff.com9 Jan 2014

India has asked bulk buyers to pay market rates for diesel since last January and has also been raising the price of subsidised diesel in small amounts every month in an effort to cut its ballooning fuel subsidies.

Iraq offers longer credit to Indian oil buyers

Iraq offers longer credit to Indian oil buyers

Rediff.com12 Nov 2013

Iraq is willing to double the credit period on crude sales to 60 days if Indian refiners buy more in 2014, the head of refineries at Hindustan Petroleum said. Iran has also sweetened the deal to expand its dwindling market share by offering free shipment and a nominal discount to Indian refiners, sources said last week.