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.

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
- Policy Analysis
- Transport Demand Modeling
- Sustainable Transport
- Clean Energy Transition
- Renewable Energy and Climate Change
Publications See all Yagyavalk Bhatt’s publications

India’s Long-Term Low-Carbon Development Strategy: The Decarbonization of its Road Transport Sector
Surging global benchmark crude oil rates, tied with a depreciating Indian rupee against the United…
5th March 2023
Insights from India’s Journey to Over 100 Gigawatts of Renewable Energy
Surging global benchmark crude oil rates, tied with a depreciating Indian rupee against the United…
7th December 2022