Narendra Modi targets gas exchange to ease shift from oil
Updated : November 23, 2018 06:27 AM IST
India wants to develop a transparent market for natural gas where the price is determined on an exchange and aims to increase the use of natural gas in India's total energy mix from 6.5 percent to 15 percent between 2028 and 2030.
The price of making the switch has not been disclosed but analysts have often pointed out that using natural gas to fuel vehicles and households is cheaper than LPG and cleaner than petrol or diesel, which are causing pollution in India.
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