India has taken an aggressive stand during conversations with oil producing nations and pushed for lowering the price of crude oil. Speaking at the ongoing India Energy Forum by CERAWeek, Petroleum Minister Hardeep Puri on Wednesday said that petrol, diesel, Piped Natural Gas (PNG), and Compressed Natural Gas (CNG) prices have risen to the highest levels ever because of supply regulations maintained by oil producing nations.
“The global economy needs clean, affordable, reliable, sustainable energy to speed up the post pandemic energy,” Puri said.
“Crude oil accounts for nearly 20 per cent of our import bill. Our fuel import bill has jumped from $ 8.8 billion (in quarter ending June 2020) to $ 24 billion in quarter ending June 2021…
