The reason we’re not talking about the cost of an oil barrel yet isn’t that we paid for it; rather, someone else paid for it on our behalf and hasn’t sent us the bill yet.
Ethanol is less energy-dense than petrol, which has affected the fuel efficiency of older petrol vehicles. More modern petrol engines mitigate this almost entirely.
Modi has been luckier than his predecessor. Fuel price spikes have been offset by ample inflows of investment. But this time, capital is flowing out and oil prices will take some time to return to normal.
This is the transcript of Ep 1830 of Cut the Clutter, where Shekhar Gupta explains why strategic petroleum reserves are a national necessity & how India compares with China, US & Japan.
The government’s supposedly investor-friendly Hydrocarbon Exploration and Licensing Policy in 2016 has failed to yield results. India’s domestic crude oil output has continued to fall.
In Episode 1810 of Cut The Clutter, ThePrint Editor-in-Chief Shekhar Gupta looks at rivalries between Gulf countries that prevented an alternative to the Strait...
Repeated changes in cotton import duty have prioritised textile competitiveness when mills face high input costs. But policy can also put pressure on farmgate prices.
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