As fuel price reforms hang fire, Centre’s move to diversify sourcing of oil could provide some cushion against future crude shocks
Source: Reuters
There seems to be little escape for India from the fuel fury in the near term as a difference in opinion between two countries in the Middle East threatens to keep oil prices boiling. Saudi Arabia and the UAE, long considered to be close allies, fell out at a recent OPEC+ meeting, stalling the oil cartel’s plan to take a call on the future course of output and pushing crude prices up. The failure of the OPEC+ ministers to hammer out…
