India’s oil import bill is likely to jump by a quarter to USD 87.7 billion in the current fiscal year which ends this weekend as international oil prices have surged.
India’s oil import bill is likely to jump by a quarter to $87.7 billion in the current fiscal year which ends this weekend as international oil prices have surged. India had imported 213.93 million tonnes (MT) of crude oil 2016-17 for $70.196 billion or Rs 4.7 trillion. For 2017-18, the imports are pegged at 219.15 […]
Demand for diesel will rise threefold and petrol three and a half times by 2040 in India, an official panel has forecast, allaying fears among industry executives that the push for renewables and electric vehicles could dent oil demand.
High Crude Price: India’s Oil Import Bill Balloons 35% To $10.34 Billion In Dec, Fuel Prices At An All-time High
The global rally of crude oil prices may have brought cheer to members of Organization of Petroleum Exporting Countries (OPEC) but for India, which imports over 82 per cent of its crude requirement.
Consumption of fuel, a proxy for oil demand, totalled 17.39 million tonnes, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed.
India`s fuel demand fell 6.1 percent in August compared with the same month last year.
The international crude oil price of Indian Basket as computed/published today by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was US$ 50.56 per barrel (bbl) on 22.08.2017
Diesel and petrol consumption grew by 8.5 and 11.6 per cent respectively while LPG sales increased by 12.5 per cent in July
India’s crude oil import bill is expected to increase 23% in the current fiscal year, according the Petroleum Planning Analysis Cell (PPAC), data and policy analysis wing of the oil ministry.
India’s fuel demand rose 0.4 percent in June compared with the same month last year.