Oil Resilience
India’s energy security has always been a strategic priority, given its dependence on oil imports to meet over 85 per cent of its consumption.
India’s energy security has always been a strategic priority, given its dependence on oil imports to meet over 85 per cent of its consumption.
The External Affairs Minister wondered how Europe could make choices to prioritise its own energy needs and at the same time ask India to do something else.
Oil Industry Development Cess at the rate of 20% ad valorem is applicable on crude oils produced from pre-NELP blocks and at present, there is no such proposal to amend the rate of cess.
Thanks to constantly declining international prices of crude over the past two years, net oil importing countries have benefitted immensely.…
