High crude oil prices a cause for concern, says oil secretary Pankaj Jain | Business News
As a consuming nation any increase in prices will cause concern and anxiety, Jain said at an industry event, referring to the “geopolitical premium” in crude prices.
Rising crude oil prices are a cause for concern for the world’s third-largest importer of the commodity, India’s oil secretary Pankaj Jain said on Wednesday.
As a consuming nation any increase in prices will cause concern and anxiety, Jain said at an industry event, referring to the “geopolitical premium” in crude prices.
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If oil prices continue to stay higher for a month longer, oil marketing companies will take an appropriate decision, the secretary said, when asked if there is a case for increasing retail fuel prices.
First uploaded on: 03-04-2024 at 13:04 IST
