.. Oil Sector Consolidation, Clean Fuel Drive Await India In 2020
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02 Dec 2019

Summary

  • India can expect a cocktail of initiatives aimed at boosting clean fuel use and gas price transparency, and consolidation in the state oil sector in the year ahead as New Delhi aims to strike a balance between fighting an environmental battle and preparing for robust growth in energy demand.

  • Although slowing economic growth has added to the headache for policymakers, analysts are hopeful those concerns won't alter the government's plans in moving ahead with introducing Euro 6 equivalent fuels, launching a gas exchange and selling a majority stake in one of the country's leading state refiners, Bharat Petroleum Corp Ltd.

  • "India's econ......

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