100% clean fuel vehicles likely in India by 2043: Report
The impact of this transition, including a 91% reduction in crude oil consumption in the road transport sector, will amount to a cumulative savings of ₹160 lakh crore.
crude oil imports
September 2024
December 2023
May 2023
January 2023
OMCs Face Crude Shocks
State-owned oil marketing companies bore the brunt of high oil prices and suppressed marketing margins in FY23. Cheap Russian supply and softer crude oil prices may change the script in FY24.
Russia’s share in India’s crude oil imports soars to 19% in FY23
Country-wise crude oil import data shows Russia gaining the biggest share of the crude pie in FY23
Budget 2023: Spike in imports; fall in exports
India vastly depends on imported crude oil to meet its energy requirements.
