Prime Minister Narendra Modi will meet the chief executives of top global and Indian oil and gas companies on Monday to take stock of the global energy scenario. The meeting would also deliberate on ways to revive investment in oil and gas exploration and production.

Petroleum Minister Dharmendra Pradhan, Organization of the Petroleum Exporting Countries (OPEC) Secretary General Mohammed Barkindo Saudi Oil Minister Khalid A Al Falih, BP CEO Bob Dudley, Total head Patrick Fouyane, Reliance Industries Chairman Mukesh Ambani and Vedanta chief Anil Agarwal are expected to attend the meeting today. Also likely in attendance are ONGC Chairman and Managing Director Shashi Shanker, Indian Oil Corporation (IOC) Chairman Sanjiv Singh, GAIL India head B C Tripathi, Hindustan Petroleum Corp Ltd (HPCL) Chairman Mukesh Kumar Suran, Oil India Chairman Utpal Bora and Bharat Petroleum Corp Ltd (BPCL) Chairman D Rajkumar.

 Today’s meeting, coordinated by the NITI Aayog, is likely to focus on challenges posed by volatile oil prices and the US sanctions on Iran that come into effect from November 4. The meeting would look at measures to attract investments and steps for making it easier to do business in India.

In Delhi, petrol today costs Rs 82.72/litre and diesel is Rs 75.46/litre. Meanwhile, petrol in Mumbai is retailing at Rs 88.18 per litre and diesel is at Rs 79.11/litre, data on the Indian Oil Corporation website showed.