India faces renewed pressure over its Russian oil purchases after US President Donald Trump backed legislation designed to penalise countries that continue buying Russian energy. Although an earlier version proposed tariffs as high as 500%, the revised measure reportedly limits the maximum rate to 100%, making the original 500% figure outdated. US sanctions bill targets Russian energy buyers The legislation was

India’s early petrol retail system began in the early 1920s during the British colonial period when automobiles were still a rare luxury. The petrol retail system in colonial India first appeared in major cities like Bombay (Mumbai) and Calcutta (Kolkata). At that time, there were no modern fuel stations, and petrol was supplied through depots, barrels, and basic manual systems. This early structure marked the foundation of the petrol retail system in colonial India and served only a limited group of users. Dependence on imported fuel sources During this period, India had very limited oil production. Most petrol was imported through the British imperial trade network. The imported oil came mainly from Burma, Persia, and other oil-producing regions under British control. This imported oil system made India heavily dependent on external sources for fuel supply. The oil import system played a key role in shaping how early petrol retail operations functioned across cities. Role of burmah shell in fuel distribution One of the major companies involved was Burmah Shell, which managed fuel storage and distribution across urban centers. Burmah Shell India operated depots and controlled the supply chain in key regions. These early fuel depots were not modern petrol pumps but organized colonial-era storage and distribution points. The company played a central role in shaping early fuel retail operations and expanding access in cities. Manual petrol pumps and basic technology Early petrol stations used manual petrol pump systems instead of modern electric dispensers. Fuel was moved using hand-operated pumps or gravity-fed systems from barrels into containers or vehicles. Workers had to physically operate the system, making the process slow and labor-intensive. This manual petrol pump system represented the early stage of fuel retail evolution in India. Limited access and elite vehicle ownership Vehicle ownership during the colonial period was extremely limited. Cars were mainly owned by British officials, princely rulers, and wealthy Indian elites. Because of this, petrol usage was also restricted to a small section of society. While there were no legal restrictions on petrol access, high costs and limited infrastructure made it inaccessible for the general population. Evolution towards modern petrol stations By the 1930s and 1940s, with increasing automobile usage, the petrol retail system began to evolve. Basic depots gradually transformed into structured petrol stations with better storage systems and improved dispensing technology. This transition marked the beginning of modern fuel retail development in India, leading to today’s automated petrol pump network.

On April 15, US Treasury Secretary Scott Bessent announced that the US will no longer extend the sanctions waivers that allowed several countries to purchase oil from Russia and Iran. These waivers, which were initially intended to ease global oil supply disruptions, are now being revoked. Bessent emphasized that the move to not renew the general licenses on Russian and Iranian oil would lead to penalties for countries still involved in these transactions. He further warned that secondary san

India reaffirmed its strategy of sourcing oil from a wide range of suppliers to safeguard its energy needs amid ongoing geopolitical tensions affecting global trade routes. Speaking at an inter-ministerial briefing in New Delhi on Wednesday, April 15, 2026, at 6:29 PM IST, Ministry of External Affairs spokesperson Randhir Jaiswal emphasized that the country’s approach is guided by the need to ensure energy security for its population of 1.4 billion while adapting to evolving internati

NEW DELHI, India, March 26, 2026 — Narendra Modi on Thursday warned that ongoing global conflicts could trigger a prolonged energy crisis, posing significant risks to economies worldwide, including India. Addressing Parliament, Modi struck a balanced yet firm tone, cautioning that continued geopolitical tensions may disrupt global energy markets and supply chains. He sai

India’s External Affairs Minister S. Jaishankar on Monday held a detailed telephonic conversation with United States Secretary of State Marco Rubio, focusing on the escalating West Asia conflict and its broader implications for global energy security and economic stability. The discussion comes at a critical time when geopolitical tensions in the Gulf region are raising concerns among major economies dependent on stable crude oil supply chains. According to Jaishankar, the conversation add

Amid escalating geopolitical tensions in West Asia and growing concerns over potential disruptions in the Strait of Hormuz, government sources have reassured citizens that India’s oil reserves and fuel stocks remain sufficient, urging the public not to panic or hoard essential petroleum products. Officials said the country currently maintains around 25 days of crude oil and petroleum products, including petrol and diesel, ensuring stability in the event of short-term supply disruptions. Liq

The United States is preparing a major escalation in its economic pressure campaign against Russia, with President Donald Trump announcing that he supports Senate legislation enabling Washington to impose tariffs of up to 500 percent on countries that continue significant trade with Moscow. The measure represents one of the most aggressive attempts yet to curtail Russian war funding and signals growing frustration in Washington over the prolonged conflict in Ukraine. Speaking before

India is once again at the center of global diplomatic attention after former U.S. President Donald Trump claimed that Prime Minister Narendra Modi had agreed to halt Russian oil imports. The Indian government swiftly denied the statement, emphasizing that its energy decisions are made independently and based solely on national interest. This move highlights New Delhi’s determination to maintain strategic autonomy amid increasing international pressure. Over the past two years

Hours after United States President Donald Trump asserted that Indian Prime Minister Narendra Modi had personally assured him that New Delhi would soon halt the purchase of oil from Russia, the Indian government issued a carefully worded statement reiterating its independent energy policy. The clarification underscored India’s commitment to protecting its national interests and consumers amid global price volatility, without directly confirming or denying Trump’s remarks. In a s

Russia is offering India bigger oil discounts, with the price of its Ural grade oil dropping to a discount of $3 to $4 per barrel, as reported by Bloomberg. The price reduction applies to cargoes expected to load in late September and October, reflecting Moscow’s efforts to maintain its oil trade with India amid rising tensions with the US. India has become a significant importer of Russian crude oil, especiall

US Senator Lindsey Graham, a close ally of President Donald Trump, has issued a direct warning to India, China, and Brazil over their continued purchase of oil from Russia, suggesting that these nations could face severe economic consequences. Speaking during a live interview on Fox News, Graham revealed that the Trump administration plans to impose a 100% tariff on oil imports from countries that maintain trade relations with Russia. This bold statement comes