Stop charging premium from Asian buyers: India to Opec

With increasing demand & consumption, India is increasing imports and also its refining capacity

India on Monday once again asked Organization of the Petroleum Exporting Countries (Opec) to stop charging the premium from its Asian buyers saying oil producers should not subsidise others at the expense of countries like India.

Reiterating New Delhi’s decade-old demand, Oil Minister Dharmendra Pradhan said Opec should work towards “responsible price”, which would allow major oil-consuming countries to provide energy to the common people. Higher prices will force them to go for alternate energies, slowing down the demand of crude oil, he said in his address at a meeting of Opec-India Energy Dialogue here. 

“During my last visit to Vienna for