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India well-placed to deal with any situation on crude oil, fuel amid West Asia supply shock: Piyush Goyal
Summary by The Hindu
4 Articles
4 Articles
The United States had warned India not to buy crude oil from Russia. That is, it had warned Russia that India should not buy crude oil and that if it did, it would increase the tax by 500 percent. Due to this, India has significantly reduced its oil purchases from Russia. However, due to the ongoing war tension in West Asian countries, Iran has closed the Strait of Hormuz. Due to this, the fuel trade, including crude oil, that was taking place t…
‘There will be a certain economic shortfall…’: Piyush Goyal on how the Iran war is likely to impact India - BusinessToday
Iran war: The minister, speaking about the global energy crisis, dismissed concerns about India’s oil stocks. “On crude oil, on fuel, we are pretty well placed," said Goyal.
·India
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