Reliance Industries Venezuelan Oil Import License: India Energy Security Update 2026

Reliance Industries Venezuelan Oil Import License: India Energy Security Update 2026

Reliance Industries secures U.S. license to import Venezuelan oil, boosting India’s energy security and refining margins. Learn how this impacts global oil markets and India’s crude diversification. Reliance Industries Limited Secures U.S. License to Import Venezuelan Oil Overview of the Development Reliance Industries Limited (RIL), India’s largest private sector conglomerate, has secured a general license…

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Customs duty on edible oils

Customs Duty on Edible Oils Reduced to Control Inflation and Boost Refining

Customs duty on edible oils reduced from 20% to 10% by the government to control inflation, support domestic refining, and lower consumer prices across India. Policy Change to Curb Edible Oil Prices On June 11, 2025, the Indian government announced a significant reduction in the Basic Customs Duty (BCD) on major crude edible oils—specifically crude…

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