India to push for lower price at CERAWeek as crude oil hits $85 a barrel

India will be anchoring the international meeting, which will be attended by representatives from the world's largest oil producer, Saudi Arabia and Opec

India will bat for a lower price of crude oil at the coming edition to CERAWeek, a premier energy conference that is to be held in Delhi later this week.

“Crude oil prices have already crossed the tipping point of around $70 a barrel,” said a senior oil ministry official aware of the stand India is expected to take. This year’s CERAWeek is taking place at a time when global oil prices are hitting historical high. India will be anchoring this international meeting that will be attended by representatives from the world’s largest oil producer, Saudi Arabia and the Organization