The Oil & Gas sector in India is one of the critical segments of the economy which needs constant monitoring and development. The international crude oil price of Indian Basket as computed/published by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was US$ 48.41 per barrel (bbl) on 10.06.2016 compared to US$ 64.00 per barrel (bbl) on 10.06.2015, US$ 101.48/bbl per barrel (bbl) on 10.06.2013.

The Public Private Partnership Appraisal Committee (PPPAC) under the Chairmanship of Economic Affairs Secretary Shaktikanta Das has recently cleared a road project in Punjab with an estimated cost of Rs 1169.61 crore.

The Public Private Partnership Appraisal Committee (PPPAC) under the Chairmanship of Economic Affairs Secretary Shaktikanta Das has recently cleared a road project in Punjab with an estimated cost of Rs 1169.61 crore.

Plans four laning of Ambala - Kaithal section of NH-65 including Ambala bypass in Haryana on BOT (Toll) project on DBFOT (Toll) basis under NHDP Phase II covering 95.383 km length at a cost of Rs 878.00 crore with Rs 351.20 crore viability gap funding. PPAC granted approval for this project recently.

The project comprises Eastern Peripheral Expressway (NH No. NE-II) covering 134.946 km length at a cost of Rs 4,524.00 crore with Rs 1,809.60 crore viability gap funding. The eastern expressway will connect Palwal in Haryana on NH-2 to Ghaziabad in Uttar Pradesh on NH-24 and Kundli in Haryana on NH-1. This project aims to decongest Delhi roads. PPPAC recently approved this project.

Plans two laning with paved shoulder of Jabalpur - Mandala - Chilpi section from km 3/4 to km 192.400 of NH-12A in Madhya Pradesh on DBFOT basis under NHDP - IV covering 177.750 km length with Rs 368.88 crore viability gap funding. PPPAC approved this project recently. The project is in tendering stage.