{"id":471858,"date":"2022-02-28T11:57:57","date_gmt":"2022-02-28T06:27:57","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=471858"},"modified":"2022-02-28T12:56:08","modified_gmt":"2022-02-28T07:26:08","slug":"indias-crude-oil-import-bill-set-to-exceed-100-billion","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/indias-crude-oil-import-bill-set-to-exceed-100-billion\/","title":{"rendered":"India\u2019s crude oil import bill set to exceed $100 billion"},"content":{"rendered":"<p>India\u2019s crude oil import bill is set to exceed $100 billion in the current fiscal, almost double its spending last year as international oil prices trade at seven-year highs. The country spent $94.3 billion in the first 10 months (April-January), according to data from the oil ministry\u2019s Petroleum Planning and 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, almost double its spending last year as international oil prices trade at seven-year highs. The country spent $94.3 billion in the first 10 months (April-January), according to data from the oil ministry\u2019s Petroleum Planning and 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 and going at this rate, India, which imports 85 per cent of its [&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":[130,215,148],"tags":[],"class_list":["post-471858","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-telegraph","category-the-telegraph"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/471858","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=471858"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/471858\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=471858"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=471858"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=471858"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}