Cabinet in a huddle as Brent tops $105
Oil prices jumped on Thursday, with the benchmark Brent crude rising above $105 a barrel for the first time since 2014, after Russia’s attack on Ukraine exacerbated concerns about disruptions to global energy supply.
The Modi government went into a huddle to assess the economic implications as India imports over 85 per cent of its fuel needs.
The Prime Minister chaired a meeting of the Cabinet Committee on Security on Thursday, attended by finance minister Nirmala Sitharaman. Commerce minister Piyush Goyal and oil minister Hardeep Puri attended the meeting although they are not part of this cabinet panel.
