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OilMonster
Natural Gas October 27, 2020 02:00:05 AM

India’s Bid to Raise Natural Gas Share in Energy Basket Faces Hurdle

Anil
Mathews
OilMonster Author
However, a high and varying taxation rate with no input credit pass through are coming in the way. 
India’s Bid to Raise Natural Gas Share in Energy Basket Faces Hurdle

SEATTLE (Oil Monster): A pitch for change in the taxation regime for natural gas by British Petroleum’s (BP’s) Bernard Looney comes at a time when the country has not been able to transition into a gas-based economy despite prevalence of low global prices. India has set a target of raising the share of natural gas in the ene­rgy basket to 15 per cent by 2030 from the current 6.72 per cent.

However, a high and varying taxation rate with no input credit pass through are coming in the way. 

Courtesy: www.business-standard.com                               

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