Q.3 India imports approximately 85 per cent of its crude oil requirements and is exposed to the volatility of the international oil market. In light of this, suggest the policy measures for harnessing India’s indigenous petroleum resources and mitigation of supply shocks. (10 Marks) - Civilsdaily

Q.3 India imports approximately 85 per cent of its crude oil requirements and is exposed to the volatility of the international oil market. In light of this, suggest the policy measures for harnessing India’s indigenous petroleum resources and mitigation of supply shocks. (10 Marks)

Mentor’s comment- https://indianexpress.com/article/opinion/columns/petroleum-minister-climate-change-policy-dilemma-7433669/ In the intro, mention India’s cruise oil requirement figure. In the body, suggest policy measures such as … Continue reading Q.3 India imports approximately 85 per cent of its crude oil requirements and is exposed to the volatility of the international oil market. In light of this, suggest the policy measures for harnessing India’s indigenous petroleum resources and mitigation of supply shocks. (10 Marks)