Key challenges
- Policy stability on transport fuel pricing
- GST on petroleum products and gas: Exclusion leading to depriving of benefits of classical GST regime and increasing administrative burden
- Ability of E&P concessions to attract large and experienced investors
- Emergence of renewable fuels causing displacement of petroleum fuels’ demand
- Investment to supply PNG and LPG to domestic consumers may go obsolete in the near-term due to the proposal to electrify homes
Industry ask
- Support SMEs to develop infrastructure for molecules like hydrogen, ethanol, biodiesel, biomass, and biogas
- Consumers demand aggregators tying up with cheaper LNG/gas sources
- Oil companies and fossil fuel-dependent industries seek clarity on emerging carbon credit policies to plan their future investments
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