write conservation and importance of petroleum resources
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India is fast becoming a big producer, consumer and importer of petroleum products. The demand for petroleum products is increasing at an alarmingly accelerated rate. At current rate of consumption, our known oil reserves will last only for 30-40 years. This puts heavy strain on our economic resources and calls for an urgent need to conserve petroleum products.
There is a vast scope of petroleum conservation in India provided there are technological improvements, financial incentives, policy initiatives and legislative measures for implementing conservation. Transport, industry, domestic/ household and agriculture are four major sectors which consume bulk of petroleum.
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