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Why PM's goal on raising oil and gas production will be unattained in 2022

Modi aimed at lowering it by at least 10 per cent by 2022 - to coincide with the platinum jubilee of India's independence

Topics
Indian oil demand | India oil imports | Crude Oil Prices

Twesh Mishra  |  New Delhi 



oil, gas, offshore, drill, high, petrol, crude, biding, fields
The fai­l­ure to increase domestic production and rising local dem­and has made Modi’s targets impossible to achieve

India’s dependence on impo­rted crude oil to meet dom­estic demand has been a matter of concern for years. Delivering the inaugural add­ress at the global energy summit — Urja Sangam — in 2015, Prime Minister had called for enhancing dom­estic production to cut the import burden. He aimed at lowering it by at least 10 per cent by 2022 — to coincide with the platinum jubilee of India’s independence.

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First Published: Fri, July 02 2021. 06:10 IST

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