"During FY 2022-23, no crude oil imports by oil PSUs was settled in Indian rupee. Crude oil suppliers (including UAE s ADNOC) continue to express their concern on the repatriation of funds in the preferred currency and also highlighted high transactional costs associated with conversion of funds along with exchange fluctuation risks," the oil ministry told the parliamentary department related standing committee.
The affidavit was filed on October 10. The same day, the Supreme Court clubbed the matter with another case related to the alleged smuggling of duty-free gold by a Hyderabad-based jeweller.
It was in November 2019, that the DRI had moved the apex court against a Bombay High Court order in favour of the Adani Group. The case has been heard four times in four years since and is yet to reach the argument stage.
India, Lao Cai Vietnam discuss slew of bilateral measures for tourism development travelbizmonitor.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from travelbizmonitor.com Daily Mail and Mail on Sunday newspapers.
Domestic prices have gone up to ₹8,729-9,142 per quintal on 13 May in Kalaburagi, a key wholesale market in Karnataka from ₹8,165-8,512 a quintal on 21 April.