Review of Foreign Direct Investment (FDI) policy on Petroleum & Natural Gas Sector

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..... ign Direct Investment (FDI) policy on Petroleum Natural Gas Sector. The Government of India has reviewed the extant FDI policy on Petroleum Natural Gas sector and has made the following amendment in the Consolidated FDI Policy Circular of 2020 , as amended from time to time (FDI Policy): 2. A new Para 5.2.4.3 is inserted under Para 5.2.4 of the FDI Policy. Accordingly, P .....

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..... il companies 100% Automatic 5.2.4.2 Petroleum refining by the Public Sector Undertakings (PSU), without any disinvestment or dilution of domestic equity in the existing PSUs 49% Automatic 5.2.4.3 Notwithstanding anything contained at Para 5.2.4.2 above, foreign investment up to .....

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