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.

Government may mull over M&As to reduce India's
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

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