The coal ministry has been striving to cut down on the country’s coal imports and related import bill. The coal consuming sectors, however, have shifted to imported petcoke usage, adding up to the country’s import bill on the petroleum side.
According to data available with the Petroleum Planning and Analysis Cell (PPAC), the country imported 39.8 per cent more of petcoke in the last financial year. This has also made petcoke the largest contributor to the total petroleum products that the country imported in that period.
“Import of Petroleum, Oil and Lubricants (POL) products increased by 17.0 per cent during March 2017 as compared to March 2016 mainly due to increase in import of LPG,” according to PPAC. Read more
Latest posts by The Economic Times (see all)
- Train Accidents Have Declined In Last 3 Years: Rail Ministry – August 22, 2017
- Mega Essar-Rosneft Deal Cheers Lenders, Boosts Company – August 22, 2017
- Appellate Tribunal For Electricity Upholds Cancellation Of Licences Of 3 Odisha Discom – August 22, 2017