The Impact of the Price Rise in Petroleum Based Agricultural Inputs on the Production of Wheat and Rice in India
A Study Prepared for the Commonwealth Secretariat by the National Council of Applied Economic Research, New Delhi

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Introduction
The recent sharp rise in the price of petroleum and its products has imposed heavy burdens on the Indian economy. Domestic production of 8 million tonnes of crude oil in 1974-75 met just a third of the total requirement of 23 million tonnes. The balance of 15 million tonnes was imported at prices ranging between $10.42 and $10.67 per barrel.
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