Both the countries have increased prices of gas recently.
Brent crude was trading at $105 a barrel on Friday while US oil was at $96.75.
Parliamentary panel seeks changes in crude import norms.
The economy, which grew at 6.5 per cent in the year ended March 2012, is expected to grow 5.7 per cent to 5.9 per cent this fiscal year, the slowest since 2002/03.
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