Switch to gas for saving Rs 30,000 cr on oil bill: GAIL

New Delhi, Nov 25: Amid skyrocketing prices of crude oil a little below 100 dollars in the international market, state-run power transmission and distribution firm GAIL (India) Ltd has said India can save Rs 30,000 crore yearly, if it increases its dependence on gas by 50 per cent.

At present, the country makes an outflow of about Rs 1,80,000 crore from its foreign reserves on energy sector, 70-75 per cent of which is spent on crude oil, GAIL Chairman-cum-Managing Director U B Choubey said here.

''We can save up to Rs 30,000 crore, if we can replace diesel and petrol with natural gas by 50 per cent,'' he told UNI