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

Petrol price is a deregulated commodity, price of which is decided by our oil marketing companies based on input cost and other parameters.

I am not suggesting that just by taking the Metro, I will save billions. But I hope others will follow.

Those who know me would tell you, 'Moily can't be cowed down.' I have plans to enhance domestic oil and gas production.

Fuel conservation is as important as fuel production.

Saving petrol is saving India's money. This is a sense of patriotism. The country can be energy-independent by energy conservation. I appeal to the other ministers also to do this.

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