Cut oil imports by 10 per cent: Modi

modi3-kE9B--621x414@LiveMintIndia’s Prime Minister Narendra Modi said India should cut oil imports by 10 percent by 2022 in order to reduce dependence on oil imports. The idea is to produce 10 percent on our own, and this should be our dream, he stressed.

He also said if India become successful in reducing the consumption by 10 percent by 2022, then it can reduce it further to 50 percent by 2030.

India currently depends on imported oil for over 80 per cent of its energy needs. The Middle East region accounts for over 60 per cent of India’s oil imports.