{"id":301,"date":"2025-05-07T12:13:26","date_gmt":"2025-05-07T12:13:26","guid":{"rendered":"https:\/\/stspgcustomer.com\/?p=301"},"modified":"2025-05-16T12:01:23","modified_gmt":"2025-05-16T12:01:23","slug":"india-to-save-rs-1-8-lakh-cr-on-import-bill-on-softening-global-oil-prices","status":"publish","type":"post","link":"https:\/\/stspgcustomer.com\/index.php\/2025\/05\/07\/india-to-save-rs-1-8-lakh-cr-on-import-bill-on-softening-global-oil-prices\/","title":{"rendered":"India to save Rs 1.8 lakh cr on import bill on softening global oil prices"},"content":{"rendered":"<p>India could save up to \u20b91.8 lakh crore on crude oil imports and \u20b96,000 crore on LNG imports in FY2026 if global oil prices remain in the $60\u201370 per barrel range, according to ICRA. With over 85% of its crude needs imported, India spent $242.4 billion on crude and $15.2 billion on LNG in FY2025. Falling oil prices, driven by oversupply and global demand uncertainty, have eased fuel costs. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>India could save up to \u20b91.8 lakh crore on crude oil imports and \u20b96,000 crore on LNG imports in FY2026 if global oil prices remain in&#46;&#46;&#46;<\/p>\n","protected":false},"author":1,"featured_media":280,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[16],"tags":[],"_links":{"self":[{"href":"https:\/\/stspgcustomer.com\/index.php\/wp-json\/wp\/v2\/posts\/301"}],"collection":[{"href":"https:\/\/stspgcustomer.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stspgcustomer.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stspgcustomer.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/stspgcustomer.com\/index.php\/wp-json\/wp\/v2\/comments?post=301"}],"version-history":[{"count":1,"href":"https:\/\/stspgcustomer.com\/index.php\/wp-json\/wp\/v2\/posts\/301\/revisions"}],"predecessor-version":[{"id":302,"href":"https:\/\/stspgcustomer.com\/index.php\/wp-json\/wp\/v2\/posts\/301\/revisions\/302"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/stspgcustomer.com\/index.php\/wp-json\/wp\/v2\/media\/280"}],"wp:attachment":[{"href":"https:\/\/stspgcustomer.com\/index.php\/wp-json\/wp\/v2\/media?parent=301"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stspgcustomer.com\/index.php\/wp-json\/wp\/v2\/categories?post=301"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stspgcustomer.com\/index.php\/wp-json\/wp\/v2\/tags?post=301"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}