The Department-Related Parliamentary Standing Committee on Petroleum and Natural Gas has presented a detailed report on the Review of Policy on Import of Crude Oil. India is a major force in the global energy economy. With a growing population and rapid economic growth, the country’s energy consumption has been rising steadily. Today, India is the world’s third-largest consumer of oil, third-largest consumer of LPG, fourth-largest importer of LNG, and fourth-largest refining nation.