Policy issues pertaining to the oil and gas sector in India

This article discusses the various phases in petroleum product consumption in India from 1960 to 1996, and analyses the changes in consumption patterns. Consumption is growing rapidly although the intensity of petroleum use and the proportion of petroleum in the overall secondary energy consumption...

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Bibliographic Details
Published in:Natural resources forum 1998-02, Vol.22 (1), p.15-25
Main Author: Rao, Raghavendra D.
Format: Article
Language:English
Subjects:
Applied sciences
Economic data
Economic growth
Energy
Energy consumption
Energy economics
Energy industry
Exact sciences and technology
Fossil fuels and derived products
Gas
General, economic and professional studies
India
Natural gas
Natural resources
Oil
Oil consumption
Oil industry
Petroleum
Petroleum products
Public policy
Supply & demand
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Summary:This article discusses the various phases in petroleum product consumption in India from 1960 to 1996, and analyses the changes in consumption patterns. Consumption is growing rapidly although the intensity of petroleum use and the proportion of petroleum in the overall secondary energy consumption is actually on the decline, especially since the mid‐1980s. The proportion of middle distillates in total consumption, especially HSD (High Speed Diesel) which accounts for 45%, is very high mainly because of distortions caused by Government subsidies. The article also analyses expected demand for petroleum products up till the year 2010, emphasizing the need to address the particularly fast growing demand for middle distillates. Further, the article discusses various policy issues pertaining to upstream and downstream activities of oil and gas supply, and emphasizes the need for increased investment in exploration and development, better management of existing reserves, rationalization of pricing policies and the creation of modern infrastructure to meet growing needs.
ISSN:0165-0203
1477-8947
DOI:10.1111/j.1477-8947.1998.tb00706.x