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Reliance Industries Ltd. (RIL) and state-run Oil & Natural Gas Corp. (ONGC), India's biggest natural gas producers, plunged in Mumbai after India's cabinet deferred a move to increase natural gas prices by three months. Reliance dropped 3.7 percent to 1,011.90 rupees, the biggest decline since Sept.

In this article they take about how it impacts how people travel when prices of gas rise. Oil is very important because it operates cars and other useful technology we have. Without oil there will not be no electricity.

Amid growing domestic issues, such as corruption and political instability, Mozambique continues to suffer from a lack of foreign direct investment and economic growth despite promising offshore oil deposits. Highlights domestic factors that influence economic growth and development.