Trump’s 25% tariff threat on Venezuela oil imports may impact India
New York: US President Donald Trump has announced a 25% tariff on exports from countries purchasing oil and gas from Venezuela, a move that could significantly impact India.
Trump made the announcement on Truth Social on Monday, stating, “Any country that purchases Oil and/or Gas from Venezuela will be forced to pay a Tariff of 25 per cent to the United States on any Trade they do with our Country.” The tariff is set to take effect on April 2, coinciding with his plans to impose reciprocal tariffs on all countries, though reports suggest these may be sector-specific.
India, which imported 63,115 barrels per day (bpd) of Venezuelan oil in 2024, had been looking to expand trade with the South American nation. In February, Venezuela’s Vice President and Petroleum Minister Delcy Rodríguez met with India’s Petroleum Minister Hardeep Singh Puri during the Energy India Week event. Puri had expressed optimism about increasing imports from Venezuela, citing easing international constraints. However, Trump’s tariff move now threatens these plans.
Trump linked the tariff to his campaign against the Venezuelan gang Tren de Aragua (TdA), which he designated as a “foreign terrorist organisation.” He accused Venezuela’s government of deliberately sending gang members to the US, attributing them to crimes across the country.
The tariff would affect multiple nations, including China, Venezuela’s largest oil importer. Ironically, the US itself remains a top buyer, importing 228,000 bpd from Venezuela in 2024. Trump’s administration has also given US oil company Chevron two months to wind down its Venezuelan operations.
Venezuela has been under US sanctions for years over allegations against President Nicolás Maduro. While former President Joe Biden had eased restrictions through a general waiver, it was rescinded last year following claims of unfair elections. Biden’s administration had introduced specific waivers, which Trump has now revoked.
With the new tariff set to take effect in April, India’s plans for deeper energy ties with Venezuela face uncertainty.
Let the Truth be known. If you read VB and like VB, please be a VB Supporter and Help us deliver the Truth to one and all.
KSRTC to run 1000 special services to clear Christmas rush
Bengaluru: The Karnataka State Road Transport Corporation will operate 1000 additional special services in view of the Christmas festival.
In addition to the existing schedule, the special services will run on 19.12.2025, 20.12.2025 and 24.12.2025. Further, special buses will be operated from various places of intra & Interstate places to Bengaluru on 26.12.2025 & 28.12.2025.
Special buses will be exclusively operated from Bengaluru Kempegowda Bus Station to Dharmastala, Kukkesubramanya, Shivamogga, Hassan, Mangaluru, Kundapura, Shringeri, Horanadu, Davangere, Hubbali, Dharwad, Belagavi, Vijayapura, Gokarna, Sirsi, Karwar, Raichur, Kalaburagi, Ballari, Koppala, Yadgir, Bidar, Tirupathi, Vijayawada, Hyderabad and other places.
ALSO READ: Bengaluru: Shopkeeper stabbed for refusing to serve free panipuri
Special buses from Mysuru Road Bus Station will be exclusively operated towards Mysuru, Hunsur, Piriyapatna, Virajpet, Kushalanagar, Madikeri.
The corporation has also announced a discount of 5 per cent on the fare if four or more passengers book tickets under a single reservation. A discount of 10 per cent will be extended on return journey tickets if onward and return tickets are booked simultaneously.
In addition to the above, special buses will be operated from all Taluk/District Bus Stands in the jurisdiction of KSRTC based on the traffic needs.
