India comfortable with current crude oil price range: Pradhan
India is comfortable with the current crude oil price range, Minister for Petroleum and Natural Gas Dharmendra Pradhan said.
Speaking to reporters at the third India Energy Forum by CERAWeek, Pradhan said, “Let’s accept the changing geo polity. These are the new normal. Price is now around $60 a barrel. It is going to range between $58 and $61 a barrel. This is a reality today and an assurance from a consuming country. A lot of crude oil is coming from North America to the global market,” Pradhan said.
“In today’s reality, there is a price band and it suits India,” he added.
