ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
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Shifting the Focus for Oil Security

India has historically relied on supply side interventions to address oil security. These interventions have not led to any major increase in the availability of crude oil for the country. The time is thus right to intervene from the demand side by introducing, among other things, fuel economy standards for vehicles and efficient pricing and taxation policies to alter travel demand as a different strategy to address oil security, which should be taken as a complement to the supply side interventions.

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