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Import bill of India rises up by 25 percent in this fiscal year category
March 27, 2018

Import bill of India rises up by 25 percent in this fiscal year

India relies more than 80% on oil imports to meet its requirements. In this fiscal year, the country’s oil import bill is likely to jump by a quarter to USD 87.7 billion, according to the latest data collected from the oil ministry’s Petroleum Planning and Analysis Cell (PPAC). The data suggested that the surge in the international oil prices is also responsible for the spike in the import bill.

   Read More About : Asia India Oil Import PPAC
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