Both ministers also discussed about the possible adverse impact of recent geopolitical developments on global oil market
With oil prices on the boil just as general elections are announced, Oil Minister Dharmendra Pradhan has asked world’s largest oil exporter Saudi Arabia to play an active role in keeping rates at a reasonable level.
Petrol and diesel prices have risen by over Rs 2 per litre in last one month as international rates have risen on hopes of the United States and China ending a trade war that has slowed down the global economic growth and Organisation of the Petroleum Exporting Countries (OPEC) ally Russia saying it would ramp up its crude supply cuts.
