Government may mull over M&As to reduce India's oil import
A High-Level Committee (HLC) formed by the government on Tuesday submitted its recommendations to reduce import dependency to Petroleum and Natural Gas Minister Dharmendra Pradhan.
During 2018, India consumed 204.92 MMT of petroleum products and 58.64 BCM natural gas, whereas domestic production of crude oil and natural gas has almost stagnated. Image source: Reuters