Minister of Petroleum and Natural Gas Hardeep Singh Puri emphasized the importance of balancing market stability, affordability, with pragmatism during a telephonic conversation with OPEC Secretary General.Haitham Al-Ghais on 19 April, 2024.
The discussion covered recent trends and volatility in the global oil markets and their implications for international energy stability. India and OPEC have a longstanding partnership. India is the second largest export destination for OPEC. During financial year 2022-23, India imported crude oil, LPG, LNG, and petroleum products from OPEC countries, amounting to approximately USD 120 billion.
This story is from the April 21, 2024 edition of The Business Guardian.
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This story is from the April 21, 2024 edition of The Business Guardian.
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