Govt keeping close tab on possible oil crisis due to Russia-Ukraine war, say sources

Sources in the government have said that the Prime Minister's Office and the Finance Ministry are keeping a close tab on the global crude supply chain, which may see disruptions due to the Russia-Ukraine war.

The Indian government is keeping a close tab on the global crude supply chain, which may see disruptions due to the Russia-Ukraine war, sources said on Thursday.

Sources informed India Today TV that the oil ministry has apprised the Prime Minister's Office and Finance Ministry about the current global oil crisis.

Petroleum minister Hardeep Singh Puri had a detailed discussion with the PMO and Finance Ministry about the losses Indian oil companies were facing due to the crisis.

During the discussion, the Finance Ministry officials said that they would keep a tab on the current excise level.

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