Business

As the world’s third-largest importer and consumer of crude oil, India relies on imports for more than 88 per cent of its crude oil requirements. Against the backdrop of geopolitical uncertainty and fluctuations in global oil markets.

As uncertainty surrounding the strait persists, investors on Wall Street have begun shifting their attention to the upcoming earnings season, when companies will report their spring-quarter financial results.

The government has said that the Ethanol Blended Petrol (EBP) Programme is a major component of India’s energy strategy, designed to strengthen energy security, support the farming community and lower environmental impact by increasing the use of domestically produced renewable fuel.