Question

What problems India may face in future while importing crude oil from other countries?

Answer 1

Answer:

Now the crude oil price is very less

Prime Minister Narendra Modi may have set a target to cut India's oil import dependence by 10 per cent but the country's reliance  on foreign oil for meeting its energy needs has jumped to a multi-year high of nearly 84 per cent, latest government data showed. Speaking at the 'Urja Sangam' conference in March 2015, the Prime Minister had said that India needs to bring down its oil import dependence from 77 per cent in 2013-14 to 67 per cent by 2022 when India will celebrate its 75th year of independence.