AMN / NEW DELHI
INDIA’S Petroleum and Natural Gas Minister Dharmendra Pradhan has expressed concern about rising prices of crude oil and its negative impact on consumers and the Indian economy.
In a telephonic conversation with Saudi Arabia’s Minister of Energy, Industry and Mineral Resources, Khalid Al-Falih today, Mr Pradhan emphasised his desire for stable and moderate prices.
The two ministers discussed continued joint cooperation between India and Saudi Arabia and in particular the current oil market situation.
Mr Al-Falih updated Mr Pradhan on his ongoing consultations with colleagues from major producing countries, both inside and outside, of OPEC.
He also assured India’s Petroleum Minister that supporting global economic growth is one of the Kingdom’s key goals. Saudi Arabia’s Energy Minister reiterated his commitment towards stable supplies.
He said the Kingdom together with other producers will ensure availability of adequate supplies to offset any potential shortfalls and ensure that prices remain reasonable.
