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Petrol at Rs 100: Can India reduce its dependency on imported crude oil?


Petrol at Rs 100: Can India reduce its dependency on imported crude oil?
Petrol at Rs 100: Can India reduce its dependency on imported crude oil?
Prime Minister Narendra Modi has said that the government is committed to reducing India s crude oil import dependence. But data indicates that the goal may not be realised any time soon. Here is all you need to know:
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UPDATED: February 18, 2021 17:40 IST
Fuel prices in India have sharply increased over the last 10 days, with petrol crossing Rs 100 per litre in some states. (Photo: Reuters/Representational image)
HIGHLIGHTS
PM Modi has criticised previous governments for failing to reduce dependence on imported crude oil ....

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Petrol prices today I Petrol reaches Rs 100/ltr! After pandemic, fuel costs force common man to stay at home


Updated Jan 25, 2021 | 15:33 IST
In Rajasthan’s Sri Ganganagar, extra premium petrol is going at Rs 100 per litre while normal petrol went for Rs 97.73 on Monday
Petrol reaches Rs 100/ltr! After pandemic, mobility costs force common man to stay at home  |  Photo Credit: IANS
Key Highlights
Petrol, Diesel remain perched at record high levels
Petrol was retailed Rs 85.70 per litre in Delhi, Rs 92.28 in Mumbai, Rs 88.29 in Chennai on Monday
For months, those who could afford it, avoided human contact and stayed at home viz the deadly pandemic. The demand for fuel crashed post-March 25, 2020, when the movement curbs were imposed. It clawed back to pre-pandemic levels only in October after a staggered re-opening of the economy was affected and movement restrictions were lifted. ....

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