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#1
4th October 2006, 01:58 PM
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Why is Oil expensive in India?
Oh you have got to live in India to know the oil prices how expensive they are when compared to other Asian countries. This thought was daunting me so decided to explore this area. Well India to start with is still unexplored in the natural resources area , it is quite surprising to notice that with efforts by the government of India and some big Oil companies including foreign investors, there have been 21 oil and gas discoveries amounting to 800 million tons of oil and gas in the past two years , but even after this the domestic oil production is still stagnant at 32 million tons for the past few years
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