페이지 정보작성자 까마 (121.♡.87.203) 댓글 0건 조회 54회 작성일 21-11-27 13:25
[INDIAN ECONOMIC NEWS] Good morning everyone I am Rumi Dhar from Kama Group.
Here I have important INDIAN economic news to share with you which is as mentioned
Petroleum Minister Hardeep Singh Puri on Friday said continuing high international oil prices
will hurt the global economic recovery as he made a renewed pitch to Saudi Arabia and other
OPEC producers to not keep production levels artificially lower.
He described India alongside the US, Japan and Korea releasing oil stock from its emergency
stockpile as a very bold move.
Earlier this week, India agreed to release 5 million barrels of crude oil from its strategic
reserves as part of coordinated international efforts to cool oil prices. The US announced the
release of 50 million barrels.
But this did not change the prices much and rates fell to USD 77 per barrel on Friday only
because of concerns of a new variant of corona virus hurting demand.
“Release of strategic oil, whether that is symbolic or real, I don’t know, but it is a very bold
move,” Puri said at the India Economic Summit of Republic TV.
India is the world’s third-largest oil consumer and importing nation and has been severely
impacted by the relentless rise in international oil prices. Retail petrol and diesel prices shot
up to record levels earlier this month before the government cut taxes, costing it Rs 60,000
crore in revenue this year.
Puri said high prices will undermine the global economic recovery.
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Have a nice day
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