India Brings Back Windfall Tax on Locally-Produced Crude

The video discusses India's energy policies and the impact of OPEC's decisions on oil prices. It highlights India's growing energy demand and efforts to keep oil prices affordable. The video also explores India's increasing oil imports from Russia, the challenges of rupee payments, and the potential impact of rising oil prices on the market.

What is one of the main reasons the Indian government is trying to keep oil prices affordable?

• To encourage renewable energy use

• To increase oil exports

• To reduce inflation impact

• To boost local oil production

What percentage of India's oil imports currently come from Russia?

• 35%

• 25%

• 50%

• 10%

What is a potential solution for the payment issues between India and Russia for oil imports?

• Using cryptocurrency

• Using UAE currency

• Using gold

• Using US dollars

What is a concern regarding the rising prices of Russian oil?

• It might cause a shortage in the global market

• It might exceed $60 per barrel

• It might increase the demand for alternative energy

• It might lead to a decrease in oil quality

How does the Indian government view the price cap on Russian oil?

• They are indifferent to it

• They fully support it

• They are negotiating for a higher cap

• They have not agreed to it