(Shutterstock)The Narendra Modi-government’s pledge to cut oil import dependence by 10 per cent has been turned upside down as the country’s reliance on foreign oil has jumped under the NDA to a multi-year high of nearly 84 per cent, latest government data showed. The country’s oil consumption grew from 184.7 million tonnes in 2015-16 to 194.6 million tonnes in the following year and 206.2 million tonnes in 2017-18. India’s crude oil output fell to 36 million tonnes in 2016-17 from 36.9 million tonnes in 2015-16. State-owned Oil and Natural Gas Corp’s (ONGC) output fell to 19.6 million tonnes in 2018-19 from 20.8 million tonnes in the previous year. ONGC’s oil production was 20.9 million tonnes in 2016-17 and 21.1 million tonnes in 2015-16.

Source: The Telegraph May 05, 2019 18:33 UTC