India on Thursday expressed its concern over the volatility in oil prices following rising tension in the Strait of Hormuz and urged Saudi Arabia to keep the price at reasonable levels.
Saudi energy minister Khalid al-Falih was briefly in the country on Thursday before flying out to China as the Opec kingpin tried to convince its top customers about sending ships through the narrow strait that links oil producers to the rest of the world.
With tensions escalating in the Persian Gulf, Saudi Arabia has upped its diplomatic efforts to ensure energy security. Saudi Arabia is a crucial source of oil for India, and the NDA government wants the Gulf nation to maintain global oil balance and supplies.
