Oil and Petroleum Minister Dharmendra Pradhan appealed to oil-producing countries to ease production cuts to stabilise the fragile global economic recovery.
In a Hindustan Times report, Pradhan was quoted saying, “I am in touch with my counterparts of major oil-producing countries and have spoken to them. I have asked them to increase fuel production in order that prices of oil may come down in our country which buys fuel from these countries” to reporters during an interaction in Varanasi on Saturday evening.
He further added that India had supported the joint decision by major oil-producing countries to cut oil production in April last year amid a sharp fall in demand due to the Covid-19 pandemic.
