How Has the Modi Government Transformed the Oil and Gas Sector in 11 Years?
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Synopsis
Discover how the Modi government has revolutionized India's oil and gas sector in just 11 years. From tech innovations to significant policy changes, learn about the remarkable transformations that have shaped the industry.
Key Takeaways
- Digital India initiative has modernized the oil and gas sector.
- Implementation of UPI at fuel stations enhances payment convenience.
- Direct Benefit Transfer has saved ₹3.48 lakh crore in LPG subsidies.
- AI technologies are improving refinery efficiency and output.
- New areas for exploration are aimed at boosting domestic production.
New Delhi, June 28 (NationPress) Union Petroleum Minister Hardeep Singh Puri stated on Saturday that the Modi administration has instigated a remarkable transformation in India's oil and gas sector over the span of 11 years.
This transformation has been achieved through a variety of innovative initiatives, such as 'Digital India', leading to the modernization of fuel stations and LPG systems.
In a post shared on the social media platform X, the Union Minister emphasized that due to Prime Minister Narendra Modi's visionary guidance, "our fuel stations, refineries, and LPG systems have evolved to be more intelligent through Digital India in the past 11 years."
He remarked, "The integration of unified payments interface (UPI) at fuel stations and the introduction of artificial intelligence (AI) in refineries signify a genuine technological shift that is evident at every juncture."
The Minister further shared a video illustrating the substantial advancements in the oil and gas industry, primarily driven by technology.
Currently, nearly all fuel stations are automated, with digital controls in place for fuel dispensing units and inventory management.
The video highlighted that UPI is now widely accepted at fuel stations. Furthermore, Direct Benefit Transfer (DBT) has been implemented in the LPG system, resulting in savings of ₹3.48 lakh crore.
Moreover, the application of "digital twin" technology and AI has significantly reduced downtime in refineries, contributing to increased production.
The Minister also mentioned that the Modi government has recently opened up approximately one million sq km of India's 3.5 million sq km sedimentary basin for oil and gas exploration, an area that was previously restricted.
"Thanks to Prime Minister Modi's visionary leadership, this entire 'No-Go' zone has been unlocked to enhance domestic production and decrease import reliance," stated the Minister.
He added that along with the new legislation governing exploration and production, various initiatives have been introduced to facilitate a smoother business environment in the oil and gas exploration and production sector.
Point of View
The changes in India’s oil and gas sector reflect a commitment to modernization and technological advancement. The Modi government's initiatives aim to enhance self-reliance and reduce dependency on imports, aligning with national interests.
NationPress
28/06/2025
Frequently Asked Questions
What major changes has the Modi government made in the oil and gas sector?
The Modi government has introduced various initiatives such as Digital India, UPI at fuel stations, and AI in refineries, leading to a significant transformation in the sector.
How has technology influenced fuel stations in India?
Technology has made fuel stations smarter with automation, digital monitoring of stock, and the acceptance of UPI payments, improving efficiency and customer experience.
What financial impact has Direct Benefit Transfer had on LPG systems?
DBT has resulted in savings of ₹3.48 lakh crore by streamlining the distribution of LPG subsidies.
What areas have been opened for oil exploration recently?
The Modi government has opened up approximately one million sq km of the sedimentary basin for hydrocarbon exploration, which was previously restricted.
How does the government plan to enhance domestic production?
By opening up new exploration areas and implementing measures to ease business operations, the government aims to boost domestic oil and gas production.
