The US will not offer oil to India at cheaper rates in the wake of the disruption in supply caused by Washington withdrawing the waiver that allowed India to buy oil from Iran.
However, Washington is trying to persuade Saudi Arabia and the UAE to ensure adequate supply to India.
“Oil is owned by private people so the government cannot force people to make concessionary prices,” US commerce secretary Wilbur Ross said here when asked if the US was considering selling oil to India at concessional rates to make up for the loss of Iranian barrels.
