{"id":349055,"date":"2020-05-01T11:43:20","date_gmt":"2020-05-01T06:13:20","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=349055"},"modified":"2020-05-01T11:43:20","modified_gmt":"2020-05-01T06:13:20","slug":"indias-crude-oil-import-bill-fell-9-to-102-billion-in-2019-20","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/indias-crude-oil-import-bill-fell-9-to-102-billion-in-2019-20\/","title":{"rendered":"India\u2019s crude oil import bill fell 9% to $102 billion in 2019-20"},"content":{"rendered":"<p>NEW DELHI: India\u2019s crude oil import bill fell 9% to $102 billion in 2019-20 though volume remained little changed as prices crashed towards the end of the year.<\/p>\n<p>Natural gas import bill shrank nearly 8% to $9.5 billion as global prices fell, although in volume terms, imports rose 17% to 33.7 billion cubic meters in 2019-20, according to the official data. Imports rose to fill the gap left by a 5.2% decline in domestic output and a similar rise in local gas consumption. Imports now make up 52.7% of total gas consumption, up from 47.3% in 2018-19.<\/p>\n<p>Import dependence in oil has risen to 85% from 83.8% in 2018-19 as domestic output continues to decline despite policy measures to lift production.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: India\u2019s crude oil import bill fell 9% to $102 billion in 2019-20 though volume remained little changed as prices crashed towards the end of the year. Natural gas import bill shrank nearly 8% to $9.5 billion as global prices fell, although in volume terms, imports rose 17% to 33.7 billion cubic meters in 2019-20, according to the official data. Imports rose to fill the gap left by a 5.2% decline in domestic output and a similar rise in local gas consumption. Imports now make up 52.7% of total gas consumption, up from 47.3% in 2018-19. Import dependence in [&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":[130,191,136],"tags":[],"class_list":["post-349055","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/349055","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=349055"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/349055\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=349055"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=349055"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=349055"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}