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Implications of Surging Crude Prices on Indian Oil Marketing Companies - PDF

VIEWS: 65 PAGES: 19

Implications of Surging Crude Prices on Indian Oil Marketing Companies Summary Since the beginning of this decade India’s oil import bill has grown tremendously. The total crude oil import in India grew from 74.09 Million Tons at a total cost of $ 12.9 Billion in 2000-2001 to 120.01 Million tons at the cost of $ 61.72 billion in 2007-2008. Currently India’s imports are more than three quarters of the total oil consumed domestically which also reflects the fact that the energy bill of the nation is growing alarmingly. Since oil prices are an important determinant of the economic performance of an import dependent county, the impact of growing prices are manifold. The bigger the oil-price increase and the longer and higher prices are sustained, the bigger the macroeconomic impact on the country. Scope • GlobalData viewpoints cover the latest events or important trends in the global oil and gas industry and provide our in-depth analysis of issues and challenges. Viewpoints offer expert opinions and GlobalData’s views of various developments that have been taking place in the oil and gas industry across the world. Reasons to Buy • Develop business strategies with the help of specific insights from GlobalData on the key events happening in the oil and gas industry. • Gain a strong understanding of the energy market and analyze the major trends in the global oil and gas industry today • Identify opportunities and challenges with the help of our analysis of the latest news and deals in the oil and gas industry • Increase future revenue and profitability with the help of information on latest operational, financial, and regulatory events

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									Implications of Surging Crude Prices on
Indian Oil Marketing Companies

                                                                                Reference Code: GDGE0567VPT

                                                                                Publication Date: JUN 2008




Energy Viewpoint                                                              GDGE0567VPT / Published JUN 2008
© GlobalData. This brief is a licensed product and is not to be photocopied                                  Page 1
Table of Contents



1           Table Of Contents

1      Table Of Contents                                                                                    2

1.1       List of Tables                                                                                    4

1.2       List of Figures                                                                                   5


2      GlobalData Viewpoint                                                                                 6

2.1       Summary                                                                                           6


3      Implications of Surging Crude Prices on Indian Oil Marketing Companies                               7

3.1       India’s Oil Import Dependency and Crude oil Price                                                 7

3.2       Impact of Oil price rise on and OMCs                                                              7

3.3       Oil Bonds as Damage Limiting Measures: Pros and cons                                              8

3.4       Conclusion                                                                                       10


4      Recent Developments                                                                                 11

4.1       Jun 02, 2008: Oil Subsidy May Triple To 2.2% Of GDP                                              11

4.2       May 28, 2008: India's Crude Oil Import Bill Raised By 40%                                        11

4.3       Ma
								
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