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Indian Oil Imports To Drop 10 Percent Over Next Six Years
India
will
cut
10
percent
of
its
oil
imports
by
2022
to
raise
the
domestic
output,
conserving
fuel
and
encouraging
alternate
sources
like
natural
gas.
"The
Prime
Minister
has
set
us
a
target
of
reducing
oil
import
dependence
by
10
percent
within
the
next
6
years.
We
are
confident
of
achieving
that" said
,
Oil
Minister
Dharmendra
Pradhan.
Pradhan added that the 2022 target will help to boost the domestic output and fuel conservation. The use of environment friendly gas alone will contribute to half of the 10 percent import dependence cut.
Pradhan said the country is committed to reduce the carbon footprint by 30-35 percent by year 2030. For this, the government will promote the use of clean fuel like CNG.
He further added the government has already taken a number of initiatives that would nurture a large quantity of domestic petroleum production.
Modi had asked to reduce the import dependence in March last year. He insisted to cut to the dependence to 66 percent from 77 percent.
For the balanced growth of the nation, new pipelines will be laid in eastern India which will result in better availability of natural gas in the rural areas of the country.