Implications of Surging Crude Prices: Oil Import, Oil Marketing, Energy Sources, Industry
Title
Date
No of pages
Implications of Surging Crude Prices on Indian Oil Marketing Companies
JUN 2008
19
Since the beginning of this decade India’s oil import bill has grown tremendously. The total crude oil import in India grew from 74.09 Million Tons at a total cost of $ 12.9 Billion in 2000-2001 to 120.01 Million tons at the cost of $ 61.72 billion in 2007-2008. Currently India’s imports are more than three quarters of the total oil consumed domestically which also reflects the fact that the energy bill of the nation is growing alarmingly. Since oil prices are an important determinant of the economic performance of an import dependent county, the impact of growing prices are manifold. The bigger the oil-price increase and the longer and higher prices are sustained, the bigger the macroeconomic impact on the country. >> Read more
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Further Description: Implications of Surging Crude Prices on Indian Oil Marketing Companies
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