{"id":429314,"date":"2021-08-06T10:14:46","date_gmt":"2021-08-06T04:44:46","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=429314"},"modified":"2021-08-06T11:41:25","modified_gmt":"2021-08-06T06:11:25","slug":"crude-oil-import-bill-jumps-over-190-in-q1","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/crude-oil-import-bill-jumps-over-190-in-q1\/","title":{"rendered":"Crude oil import bill jumps over 190% in Q1"},"content":{"rendered":"<p>India\u2019s crude oil import bill soared nearly threefold in the first quarter of the fiscal (Q1FY22) fuelled by a sharp rise in global oil prices, further raising concerns for policymakers. <\/p>\n<p>The fuel import bill totalled about $24.7 billion in the three months ended June 30, compared with $8.5 billion a year earlier, according to official data. Volume growth was, however, modest at 14.7% in the June quarter at 51.4 million tonnes.<\/p>\n<p>The oil import bill has risen sharply although domestic fuel consumption still lags pre-Covid levels. With global oil prices unlikely to fall sharply in the near future, and domestic fuel consumption on the rise in line with easing of Covid-related curbs and renewed economic activity,<\/p>\n","protected":false},"excerpt":{"rendered":"<p>India\u2019s crude oil import bill soared nearly threefold in the first quarter of the fiscal (Q1FY22) fuelled by a sharp rise in global oil prices, further raising concerns for policymakers. The fuel import bill totalled about $24.7 billion in the three months ended June 30, compared with $8.5 billion a year earlier, according to official data. Volume growth was, however, modest at 14.7% in the June quarter at 51.4 million tonnes. The oil import bill has risen sharply although domestic fuel consumption still lags pre-Covid levels. With global oil prices unlikely to fall sharply in the near future, and domestic [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[141,130,183],"tags":[],"class_list":["post-429314","post","type-post","status-publish","format-standard","hentry","category-hindustantimes","category-newspapers","category-oil-gas-hindustantimes"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/429314","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\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=429314"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/429314\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=429314"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=429314"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=429314"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}