Prime Minister for phased rationalisation of fuel prices

To align with global prices to curb energy subsidies

Prime Minister in his speech at the foundation laying ceremony of BPCL's integrated refinary expansion project in Kochi, reiterated his positon of phased rationalisation of energy prices to bring them in line with global prices for meeting the target of rapid, inclusive and sustainable development and curbing energy subsidies.

Oil and Natural Gas would continue to meet a large part of our energy requirement for many years to come. The country is dependent on imports for meeting a major part of the crude oil requirements. Hence, it requires large scale investments in oil and gas exploration within the country, acquisition of oil and gas producing assets overseas and strengthening of the marketing and distribution infrastructure in the country.

BPCL had made some significant successes in the upstream exploration and production sector, particularly in Mozambique and Brazil.


Courtesy: THE HINDU