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Ministry calls for PLI scheme to boost petroleum output

The report didn't have more details on the idea of production-linked incentives in oilfields. Current government policies provide incentives to companies deploying enhanced recovery techniques in maturing fields. A gas pricing policy introduced last year permits a 20% premium over the government-set price for the additional volume ONGC and Oil India may produce from their legacy fields.

India , Oil-india , Indian-petroleum , Natural-gas , Production-linked-incentive , Declining-oil-production , Enhancing-production , Boost-oil-production , Field-development-plans , Ongc ,