Bloomberg reported that India, in an effort to draw more foreign investment, is considering freeing prices from locally drilled gas and oil.

As quoted in the market report:

We are at an advanced stage — a cabinet paper is under consideration on how to move from an administratively fixed price to a market-related price for oil and gas explored and excavated by companies,” he told investors in Toronto as he started a tour of Canada and the U.S. to woo investors.

To view the whole Bloomberg report, click here.