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 on Monday.
Prime Minister Narendra Modi on Monday morning will meet chief executives of top global and Indian oil and gas companies on emerging energy scenario, with ripples from US sanctions on Iran and volatile oil prices threatening growth.
The third annual meeting would also deliberate on ways to revive investment in oil and gas exploration and production, PTI reported citing sources.
Modi's first meeting was on January 5, 2016 where suggestions for reforming natural gas prices were made. More than a year later, the government allowed higher natural gas price for yet-to-be-produced fields in difficult areas like deep sea.
In the last edition in October 2017, suggestions were made for giving out equity to foreign and private companies in producing oil and gas fields of state-owned ONGC and OIL.
But the plan could not go through in view of strong opposition from Oil and Natural Gas Corp (ONGC).
The PTI report stated that 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 on Monday.
Meanwhile, fuel prices continued its upward march on Monday, with diesel prices surging by 8 paise and 9 paise in four metropolitan cities. While Delhi and Kolkata saw a hike of 8 paise, a litre of diesel has increased by 9 paise in Mumbai and Chennai.
After the revision of the rates, diesel in Delhi is being retailed at Rs 75.46 per litre and Rs 77. 31 per litre in Kolkata.
In Mumbai, diesel touched Rs 79. 11 per litre mark, while the same is being retailed at Rs 79.80 per litre in Chennai.
The fuel price has been soaring since the past few months in the country, causing many problems for the common people.
The Opposition has repeatedly blamed the Centre for the steep hike in the fuel price, while the latter has maintained that global crude oil prices and other international factors are responsible for the increase in prices of petroleum products.
Earlier, fuel prices continued its upward trend on Sunday, with petrol being retailed at Rs 82.72 per litre and diesel at Rs 75.38 in the national capital.
In Mumbai, the price of petrol has touched Rs 88.18 per litre and diesel costs Rs 79.02 per litre.
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 "Petrol price hike: PM Narendra Modi to meet CEOs of global oil firms today")
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