{"id":486588,"date":"2022-04-25T10:24:27","date_gmt":"2022-04-25T04:54:27","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=486588"},"modified":"2022-04-25T11:31:56","modified_gmt":"2022-04-25T06:01:56","slug":"indias-oil-import-bill-doubles-to-119-bn-in-fy22","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/indias-oil-import-bill-doubles-to-119-bn-in-fy22\/","title":{"rendered":"India&#8217;s oil import bill doubles to $119 bn in FY22"},"content":{"rendered":"<p>India&#8217;s crude oil import bill nearly doubled to  $119 billion in the fiscal year that ended on March 31, as energy prices soared globally following the return of demand and war in Ukraine. <\/p>\n<p>India, the world&#8217;s third-biggest oil consuming and importing nation, spent USD 119.2 billion in 2021-22 (April 2021 to March 2022), up from $62.2 billion in the previous fiscal year, according to data from the oil ministry&#8217;s Petroleum Planning &amp; Analysis Cell (PPAC).<\/p>\n<p>It spent $13.7 billion in March alone when oil prices surged to a 14-year high. This compared with USD 8.4 billion spending in the same month last year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>India&#8217;s crude oil import bill nearly doubled to $119 billion in the fiscal year that ended on March 31, as energy prices soared globally following the return of demand and war in Ukraine. India, the world&#8217;s third-biggest oil consuming and importing nation, spent USD 119.2 billion in 2021-22 (April 2021 to March 2022), up from $62.2 billion in the previous fiscal year, according to data from the oil ministry&#8217;s Petroleum Planning &amp; Analysis Cell (PPAC). It spent $13.7 billion in March alone when oil prices surged to a 14-year high. This compared with USD 8.4 billion spending in the same [&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":[146,130,177],"tags":[],"class_list":["post-486588","post","type-post","status-publish","format-standard","hentry","category-deccan-herald-newspapers","category-newspapers","category-oil-gas-deccan-herald-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/486588","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=486588"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/486588\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=486588"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=486588"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=486588"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}