Can’t ensure cheaper oil for India, says US
US Secretary of Commerce Wilbur Ross has said that his country cannot ensure sale of oil to India at cheaper rates to compensate for Iranian oil, which is now almost out of bounds because of economic sanctions imposed by the Trump regime.
“Oil is owned by private people. So the government cannot force people to make concessionary prices,” Ross said, when asked if the US is considering selling oil to India at a concessional rates to make up for the loss refiners may have to suffer because of inaccessibility of cheaper Iranian oil shipments.
Ross, who is in India with a 100-member strong trade delegation, met Finance Minister Arun Jaitley and Commerce & Industry Minister Suresh Prabhu on Monday to deliberate on issues affecting bilateral economic relationship such as the sanctions on Iranian oil,
