{"id":471650,"date":"2022-02-28T10:22:49","date_gmt":"2022-02-28T04:52:49","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=471650"},"modified":"2022-02-28T11:07:22","modified_gmt":"2022-02-28T05:37:22","slug":"indias-oil-import-bill-to-top-100-bn-in-current-fiscal-3","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/indias-oil-import-bill-to-top-100-bn-in-current-fiscal-3\/","title":{"rendered":"India\u2019s oil import bill to top $100 bn in current fiscal"},"content":{"rendered":"<p>India\u2019s crude oil import bill is set to exceed  $100 billion in the current fiscal year ending March 31, almost double its spending last year, as international oil prices trade at seven-year highs.<\/p>\n<p>India spent $94.3 billion in the first 10 months (April-January) of the ongoing financial year that started April 1, 2021, according to data from the oil ministry\u2019s Petroleum Planning &amp; Analysis Cell (PPAC).<\/p>\n<p>It spent $11.6 billion in January alone when oil prices had started to surge. This compared with $7.7 billion spending in the same month last year. <\/p>\n<p>In February, oil prices crossed $100 per barrel and going at this rate, India, which imports 85 per cent of its crude oil requirements, is expected to almost double its import bill to $110-115 billion by the end of the fiscal year 2021-2022.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>India\u2019s crude oil import bill is set to exceed $100 billion in the current fiscal year ending March 31, almost double its spending last year, as international oil prices trade at seven-year highs. India spent $94.3 billion in the first 10 months (April-January) of the ongoing financial year that started April 1, 2021, according to data from the oil ministry\u2019s Petroleum Planning &amp; Analysis Cell (PPAC). It spent $11.6 billion in January alone when oil prices had started to surge. This compared with $7.7 billion spending in the same month last year. In February, oil prices crossed $100 per barrel [&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":[130],"tags":[],"class_list":["post-471650","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/471650","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=471650"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/471650\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=471650"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=471650"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=471650"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}