Pradhan meets Saudi Arabia’s Al-Falih, discusses India’s concerns on oil prices

New Delhi: As part of India’ effort to shield its consumers from any spike in global prices, petroleum minister Dharmendra Pradhan met Saudi Arabia’s energy minister Khalid A. Al-Falih in New Delhi on Thursday.

With the tensions escalating in the Persian Gulf, India, the world’s third-largest oil importer, has upped its diplomatic efforts to ensure energy security and is closely monitoring the Strait of Hormuz situation. Saudi Arabia is a crucial source of energy for India and the NDA government is trying to impress the Gulf Kingdom in maintaining global oil balance and supplies.