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India's crude oil imports from Russia have jumped over 50 times since April and now it makes up for 10 per cent of all crude bought from overseas.
The energy major's director for HR will hold the additional role henceforth.
Taxes and duties account for roughly 60% of the retail price of petrol and diesel in the country, the world's third biggest consumer of crude oil.
The price has been raised reportedly in tandem with the rising crude oil prices and the import cost.
The well no. 5 at Baghjan in Tinsukia district of Assam has been spewing gas uncontrollably for the last 16 days and it caught fire on Tuesday afternoon, killing two OIL firefighters at the site.
Retail prices of petrol and diesel will not be impacted by the tax changes as state-owned oil firms will adjust them against the recent fall in oil prices, industry officials said.
India's fuel demand in March declined by 17.8%, the lowest in over two decades.
This is the second reduction in rates since March, according to a price notification issued by state-owned oil firms.
The EoI submissions can be made till May 2, whereas investor queries will be entertained till April 4.
Bloomberg quoted a US official as saying that the eight countries being exempted from sanctions include India, Japan and South Korea.