Cambodia will eliminate tariffs on imported industrial lubricants effective Jan. 1 in an attempt to boost competitiveness of industries that use them.

Indian Oil Corp. Ltd. opened a lubricant blending plant in Kolkata last month, saying the plant will support and benefit the economic development of Eastern India.

Vietnam is returning to pre-pandemic levels of lubricant consumption, an industry insider said, boosted by strong growth in automotive production and sales volume, along with improved financial performance by textile companies because of a free trade agreement with the European Union.