Crude oil’s climb towards $90 per barrel is a matter of anxiety for India, oil secretary Pankaj Jain has said.
“Whenever prices go up, it does cause anxiety, cause concern,” Jain said. Brent, the international crude benchmark, has risen to $89 per barrel, adding $15 in about four months.
“Does it stop at $90? That’s the matter of anxiety,” Jain said. India is the third-largest importer of crude in the world and imports 88% of its requirements.
