crude oil price monthly, crude oil market price today

crude oil refining , crude oil price monthly,small oil refinery for sale, used refinery equipment for sale. at kineticpetro.

PM Requires Reducing Oil Import Bill By $25 Bn

Tushar A. Katira
PM calls for cutting oil import bill by $25 bn
Finally some sanity. While every minister obfuscates and talks of lowering minor imports and attracting FDI & FIIs, the PM has acknowledged that India’s oil imports are unsustainable and has known as for slicing these by $25bn from the web import invoice of $98bn final year.
Expect demand management via higher prices of petrol, diesel and massive automobiles/ crude oil price monthly SUVs.

electric heating jacket reaction kettleAfter inserting restrictions on gold imports, Prime Minister Manmohan Singh earlier this week asked petroleum minister M Veerappa Moily to curb oil imports, the largest contributor to India’s import invoice, to cut back the greenback demand and shore up the rupee.

Sources mentioned the PM has set a figure of $25 billion to be shaved off from the oil import invoice. The cutback, he’s learnt to have informed Moily, was essential considering crude oil price had climbed to above $100 dollar-a-barrel mark in this month.

In case you loved this information and you would want to receive much more information crude oil price monthly concerning medium salt distillation column kindly visit the web page.