A Win-Win Wave: India’s Zero-Tax Plan on US Ethane & LPG Signals Brighter, Greener Future!

India is on the brink of a major policy change, with government sources indicating plans to remove import duties on US ethane and liquefied petroleum gas (LPG), as well as liquefied natural gas (LNG). The decision is intended to supercharge US energy imports, render American fuels more cost-competitive, and assist in bridging India's $45.4 billion trade surplus with Washington.

 

Key Highlights:

Indian oil majors such as GAIL, Indian Oil, and BPCL are already in negotiations for greater long-term US supply agreements, making India a prime mover in the new world energy order.

 

Sources: Economic Times, Reuters, ThePrint