{"id":273097,"date":"2019-05-06T05:57:45","date_gmt":"2019-05-06T05:57:45","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=273097"},"modified":"2019-05-06T05:57:45","modified_gmt":"2019-05-06T05:57:45","slug":"indias-reliance-on-oil-imports-jump-multi-year-high-of-84","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/indias-reliance-on-oil-imports-jump-multi-year-high-of-84\/","title":{"rendered":"India\u2019s reliance on oil imports jump multi-year high of 84%"},"content":{"rendered":"<p>Prime Minister Narendra Modi may have set a target to cut India\u2019s oil import dependence by 10 per cent but the country\u2019s reliance on foreign oil for meeting its energy needs has jumped to a multi-year high of nearly 84 per cent, latest government data showed. Speaking at the \u2018Urja Sangam\u2019 conference in March 2015, the Prime Minister had said that India needs to bring down its oil import dependence from 77 per cent in 2013-14 to 67 per cent by 2022 when India will celebrate its 75th year of independence.<\/p>\n<p>Further, the dependence can be cut to half by 2030, he had said. But with consumption growing at a brisk pace and domestic output remaining stagnant, India\u2019s oil import dependence has risen from 82.9 per cent in 2017-18 to 83.7 per cent in 2018-19, according to the oil ministry\u2019s Petroleum Planning and Analysis Cell (PPAC).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Prime Minister Narendra Modi may have set a target to cut India\u2019s oil import dependence by 10 per cent but the country\u2019s reliance on foreign oil for meeting its energy needs has jumped to a multi-year high of nearly 84 per cent, latest government data showed. Speaking at the \u2018Urja Sangam\u2019 conference in March 2015, the Prime Minister had said that India needs to bring down its oil import dependence from 77 per cent in 2013-14 to 67 per cent by 2022 when India will celebrate its 75th year of independence. Further, the dependence can be cut to half by [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,195,138],"tags":[],"class_list":["post-273097","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-financial-express","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/273097","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=273097"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/273097\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=273097"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=273097"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=273097"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}