The consumption of petroleum should be conserved. We need to adopt some austerity measures. The people should cooperate with us.

We as a nation have no choice but to conserve fuel to the best of our abilities or be prepared for harsh measures like steep price increase, if the need so arises.

If all of us work in accordance with rule of law, if rule of law is implemented, we are all safe, investors are safe, people will be safe.

By 2020, 50 percent of imports should be reduced, which should become 75 percent by 2025. By 2030, India should be energy independent.

We need to do more to conserve fuel or face tougher choices such as steep price increase or even quantitative restrictions.

There are people with vested interest who do not want us to reform our energy sector so that we remain dependent on imports. All reform moves are resisted. Bureaucrats are hesitant to take bold decisions.