AS CRUDE PRICES HAVE SOARED...
Crude prices in dollar per barrel
Mar 1999: 11.05
Dec 1999: 22.73
Mar 2000: 25.06
Jun 2000: 27.24
Aug 2000: 25.06
Sep 2000: 35.00
... INDIAS OIL IMPORT BILL HAS NEARLY TRIPLED...
1998-1999: Rs 24,000 crore ($ 6.4 b)
1999-2000: Rs 54,000 crore ($ 12.4 b)
2000-2001*: Rs 70,000 crore ($ 15+ b)
2000-2001**: Rs 92,000 crore ($ 20 b)
... AND THE OIL POOL DEFICIT DOUBLED
Outstanding in Rs crore
Jun 30, 1997: 18,271
Mar 31, 1998: 14,156
Mar 31, 2000*: 6,000
Jun 30, 2000**: 7,500
Sep 30, 2000**: 9,000
Mar 31, 2001***: 12,000
* Provisional
** Estimated
*** Estimated at current crude prices
...MAKING SUBSIDIES A SERIOUS CONCERN
Kerosene:Rs 6 per litre
LPG: Rs 165 per cylinder
Diesel: Rs 3 per litre
