The government has been taking up the issue of high crude oil prices bilaterally with oil-producing countries and with the Organization of Petroleum Exporting Countries (Opec), minister of state of for petroleum and natural gas Rameswar Teli said on Monday.
The price of Indian basket of crude was $74.3/barrel on Monday, up from $50/barrel in end-December, supported by global demand recovery and voluntary production cuts until July-end from major oil exporting nations.
