{"id":571746,"date":"2023-04-25T10:40:17","date_gmt":"2023-04-25T05:10:17","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=571746"},"modified":"2023-04-25T12:02:59","modified_gmt":"2023-04-25T06:32:59","slug":"india-reliance-on-imported-crude-oil-at-record-high-of-87-3-in-fy23","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/india-reliance-on-imported-crude-oil-at-record-high-of-87-3-in-fy23\/","title":{"rendered":"India reliance on imported crude oil at record high of 87.3% in FY23"},"content":{"rendered":"<p>RISING DEMAND for fuel and other petroleum products amid flagging domestic crude oil output has resulted in India\u2019s reliance on imported crude increasing to a record 87.3 per cent of domestic consumption in 2022-23, up from 85.5 per cent in 2021-22, according to data released by the oil ministry\u2019s Petroleum Planning &amp; Analysis Cell (PPAC).<\/p>\n<p>India\u2019s oil import dependency was 84.4 per cent in 2020-21, 85 per cent in 2019-20, and 83.8 per cent in 2018-19. <\/p>\n<p>The computation of the extent of import reliance is based on the domestic consumption of petroleum products and excludes petroleum product exports as those volumes don\u2019t represent India\u2019s demand.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>RISING DEMAND for fuel and other petroleum products amid flagging domestic crude oil output has resulted in India\u2019s reliance on imported crude increasing to a record 87.3 per cent of domestic consumption in 2022-23, up from 85.5 per cent in 2021-22, according to data released by the oil ministry\u2019s Petroleum Planning &amp; Analysis Cell (PPAC). India\u2019s oil import dependency was 84.4 per cent in 2020-21, 85 per cent in 2019-20, and 83.8 per cent in 2018-19. The computation of the extent of import reliance is based on the domestic consumption of petroleum products and excludes petroleum product exports as those [&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-571746","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/571746","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=571746"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/571746\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=571746"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=571746"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=571746"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}