‘High oil prices will sap global recovery’
The Hindu
Puri urges Saudi Arabia, other OPEC nations to work towards affordable and reliable supplies
India, the world’s third-largest energy consumer, on Wednesday warned that high oil prices will undermine global economic recovery, and nudged Saudi Arabia and other OPEC nations to work towards affordable and reliable supplies.
Petrol and diesel prices have hit record highs across the country after relentless price increases since May.
“If energy prices remain high, global economic recovery will be undermined,” Petroleum and Natural Gas Minister Hardeep Singh Puri said at the India Energy Forum by CERAWeek.
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