July 1996 – Oil shock Posted on July 31, 1996 by Uttam Gupta July-1996-Oil-shock Tags: naphtha, Kandla-Bhatinda oil pipeline, retention margin (RM), net realization (NR), vegetables, Cooking fuel, foodgrains, 'transport', OIL, Oil Coordination Committee (OCC), ONGC, fuel oil, DAP, LSHS, 'urea'