Crude Requirement News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Wednesday 24 February, 2021 | 2:56 PM
NEW DELHI: Consecutive hikes in petrol and diesel prices are pinching the pockets of the common man in India. Blaming it on previous governments, Prime Minister Narendra Modi has highlighted the country’s dependence on energy import as a major reason for the current spike in fuel prices.
At present, the share of imports in the country’s overall crude requirement comes to 89 per cent while it is pegged at around 53 per cent for gas. This always makes India vulnerable to volatility in the international crude market.
Here is a look at five things one should know about the recent escalation in fuel prices. ....

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