India needs to curb oil consumption; Its time to ration domestic oil drain
Jammu, May 18 -- India's continuous hesitancy to curb the retail oil consumption pattern despite a worldwide surge in fuel prices is inexplicable, if not unacceptable. The government, the biggest benefactor of large domestic fuel use by way of imposition of levies close to 50 percent of the retail oil prices, is not prepared to ration fuel consumption despite the fact that the country is nearly 90 percent crude oil import dependent. Last Friday, India's state-run fuel retailers raised petrol and diesel prices for the first time in four years by a little over three rupees per litre to recoup some of the losses incurred by oil marketing companies due to higher global crude oil prices. The country is one of the last major economies to raise re...
Click here to read full article from source
इस लेख के रीप्रिंट को खरीदने या इस प्रकाशन का पूरा फ़ीड प्राप्त करने के लिए, कृपया
हमे संपर्क करें.