India cannot afford to just be a passive buyer of oil and gas

Strategic reserve and support for domestic production should be prioritized

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20240122 gas station india

A gas station in Gauhati: India's consumption of refined petroleum products rose 5% last year, more than double the world pace. © AP

Vandana Hari is founder of Vanda Insights, a Singapore-based global energy market intelligence provider.

Indian oil consumption has returned to its strong pre-COVID growth trajectory, and this momentum looks likely to be sustained as the country, now the world's fastest-growing large economy, continues its robust expansion.

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