Petrol price hits century: PM Modi lambasts previous govts for not reducing import dependence While avoiding a direct reference to the constantly increasing fuel prices, PM Modi said that India imported more than 85 per cent of its oil requirements and 53 per cent of its gas needs in FY20 BusinessToday.In | February 18, 2021 | Updated 09:58 IST Prime Minister Narendra Modi As petrol prices continue to add to the woes of the common man, Prime Minister Narendra Modi said the middle-class would not have been burdened had the previous governments focused on reducing India's import dependence in the energy sector. While avoiding a direct reference to the constantly increasing fuel prices, PM Modi said that India imported more than 85 per cent of its oil requirements and 53 per cent of its gas needs in FY20.