India To Seek Lower Oil Rates From Saudi Arabia, US

India To Seek Lower Oil Rates From Saudi Arabia, US

India will press Saudi Arabia and the US, the world’s biggest oil producers, this month for a reduction in oil prices to provide relief to fuel consumers, Oil Minister Dharmendra Pradhan said today.

Saudi Oil Minister Khalid A Al-Falih will visit India on February 23-24 while US Energy Secretary Rick Perry would be here between February 28 and March 1, he said.

“We feel oil prices should be reduced,” Pradhan told reporters here. Read More…