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Savings on oil will help in funding social security schemes: FM

Last Updated: Friday, August 28, 2015, 22:29

India, which imports close to 80 percent of its oil needs, spent about USD 124 billion in 2014-15 on shipping oil.

'India's oil imports dependence may hit 90% in next 2 decades'

Last Updated: Friday, August 28, 2015, 18:00

India imports 79 percent of its oil needs, and spent USD 138.3 billion on the same.

Govt allocates Rs 4,948 cr for filling strategic oil reserves

Last Updated: Tuesday, March 31, 2015, 22:27

Taking advantage of lower oil prices, the government on Tuesday allocated Rs 4,948 crore to full India's maiden strategic oil reserves to insulate itself from supply disruptions.