India’s Increasing Imports of Crude Oil

Initiative Future of Transport and Fuel Demand
Type Data Insight
Date 18 September 2019

Abstract

Surging global benchmark crude oil rates, tied with a depreciating Indian rupee against the United States dollar (US$) and India’s increasing dependence on crude oil imports, are likely to push India’s crude oil import bill higher. This insight sheds light on the historical trends of the Indian basket and the value of India’s crude oil imports.

Authors

Yagyavalk Bhatt

Senior Research Associate Yagyavalk Bhatt is an energy professional with more than seven years of experience in the transportation and electricity domain. His…

Yagyavalk Bhatt is an energy professional with more than seven years of experience in the transportation and electricity domain. His research focuses on transportation demand planning, demand and supply models of energy and transportation systems, and cost-benefit analysis. His work includes policy analysis of South Asia’s clean energy transition. His work also focuses on the impact of supply- and demand-side policies on the adoption of fuel-efficient transportation modes and their associated energy demand. He has authored and contributed to numerous research papers and studies related to the transportation and electricity sectors. Yagyavalk has a master’s degree in renewable energy management and engineering from The Energy Resource Institute (TERI) University, India, and a bachelor’s degree in electronics and communication.

Expertise