Monday, 29 January 2018

Why petrol, diesel prices can be reduced in India

India's daily consumption of crude oil is 4.5 million barrels (1 barrel about 159 litres), the third highest globally. Only the US and China consume more than us. We, however, have way smaller domestic oil reserves and are dependent on imports for about 80% of our total oil consumption.

from The Times of India http://ift.tt/2nfUgVp

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