India’s reliance on imported crude in the April-September period of the current financial year ending March rose to 87.8 per cent from 86.5 per cent in the corresponding period last year as consumption of fuels and other petroleum products increased while domestic production was flat, latest oil ministry data showed.
The reliance on imported crude in April-September was also higher than the previous fiscal’s 87.4 per cent, which was the highest-ever for a full year. If the trend seen so far in the ongoing fiscal holds, oil import dependency could hit a fresh high again this year.
Register to continue reading this story
Google
Facebook
Email
Already have an account? Sign in