Crude Oil: From deficit to surplus

The total crude oil consumed by Indian refineries in 2011-12 was 209.74 million tonne, of which 171.73 mt was imported and 38.01 mt domestically extracted. The total production of petro-products by Indian refineries was 203.99 mt. Around 50.66 per cent of this total output, or 103.34 mt, consisted of petrol, diesel, kerosene and liquefied petroleum gas for Indian consumption.

Read Full Story>>