India talks tough at CERAWeek, pushes for lowering of crude oil price

High crude prices have made India rethink its energy transition strategy

India has taken an aggressive stand during conversations with oil producing nations and pushed for lowering the price of crude oil. Speaking at the ongoing India Energy Forum by CERAWeek, Petroleum Minister Hardeep Puri on Wednesday said that petrol, diesel, Piped Natural Gas (PNG), and Compressed Natural Gas (CNG) prices have risen to the highest levels ever because of supply regulations maintained by oil producing nations.

“The global economy needs clean, affordable, reliable, sustainable energy to speed up the post pandemic energy,” Puri said.

“Crude oil accounts for nearly 20 per cent of our import bill. Our fuel import bill