India has warned that high international oil prices were likely to undermine the post-pandemic global economic recovery which required affordable and sustainable energy. Speaking at the India Energy Forum organised by CERAWeek (Cambridge Energy Research Associates) on Wednesday, petroleum and natural gas minister Hardeep Singh Puri also reaffirmed the country’s commitment to transition to clean energy.
As one of the top 5 energy consumers, India nudged Organization of the Petroleum Exporting Countries or OPEC nations to work towards affordable and reliable energy supplies in the backdrop of petrol and diesel prices hitting record highs across the country, partly due to the recent surge in international crude oil rates.
