KOCHI: India as a country should strive for a reasonable petroleum pricing which would incentivise both consumers and investors, said B Ashok, MD, Ratnagiri Refinery & Petrochemicals. He was delivering the inaugural lecture at the 38th Annual National Management Convention 2019 organised by Kerala Management Association on Thursday.
“Low oil prices mean low investments, especially in the high-risk upstream sector. Under investment in the industry due to low prices has consequential long-term supply impact, while high prices impact demand and can potentially lead to deceleration of economic activities,” said Ashok. He said India economic growth of 7-8 per cent can be limited without energy security.
