Environment Min seek zero import tax on LNG in Budget 2017: document

Environment Min seek zero import tax on LNG in Budget 2017: document

India’s energy and environment ministries want the government to scrap an import tax on liquefied natural gas (LNG) and impose a levy on use of pet coke and furnace oil to promote cleaner fuel, they said in a presentation to Prime Minister Narendra Modi.

India is the world’s third largest emitter of greenhouse gases and relies heavily on coal, gas and oil imports to meet its energy needs and fuel its economic expansion.

Its energy consumption is bound to grow as it targets 8-9 percent economic growth from around 7 percent in 2016/17.

To cut the country’s carbon footprint, New Delhi wants to raise the use of gas in its energy mix to 15 percent in three to four years from 6.5 percent now. Read More…

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