Ajoke in an old Reader’s Digest issue went like this – An old farmer upon being asked as to the secret of successful agriculture replied, “sell all you can sell, what you can’t sell feed it to the animals and what the animals won’t eat, eat yourself!” While it may not be the perfect inference to India’s petroleum sector, but it comes close, because in spite of all the chest beating about the burden of oil imports, the truth is that ours is a major petroleum product exporting country and levies from the domestic sales of petroleum products contribute close to a 5th of all taxes collected.
September 18, 2017
OIL POLICY : Energy shortage or misplaced priorities
Ajoke in an old Reader’s Digest issue went like this – An old farmer upon being asked as to the secret of successful agriculture replied, “sell all you can sell, what you can’t sell feed it to the animals and what the animals won’t eat, eat yourself!” While it may not be the perfect inference to India’s petroleum sector, but it comes close, because in spite of all the chest beating about the burden of oil imports, the truth is that ours is a major petroleum product exporting country and levies from the domestic sales of petroleum products contribute close to a 5th of all taxes collected.
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