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Petrol in India is More Expensive than 98 Other Countries
By siliconindia
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Friday, 04 November 2011, 01:30 IST |
1 Comments
Japan
Earthquakes usually exact a limited toll on the global economy. The earthquake and tsunami that struck Japan in March 2011 was different, however, as energy markets across the globe felt the impact. Japan is a large player in world energy markets, including petroleum.
In accordance with the two oil crises of the 1970s, Japan made efforts to diversify to other forms of energy resources in order to increase energy security. Japan's domestic oil consumption dropped slightly, while the country's use of oil declined its consumption of nuclear power and LNG rose substantially. The petrol price based on PPP is $1.28 and diesel price is $1.09.
