Be 'pragmatic' amid crude production cuts: Petroleum minister tells OPEC
These production cuts have been made despite growing energy demand, says Hardeep Singh Puri.
These production cuts have been made despite growing energy demand, says Hardeep Singh Puri.
Adani Total Gas declined 4%, followed by Reliance Industries, HPCL, GAIL, and IGL, which dropped up to 2%
The European Council agreed to immediately cut 75% of Russian oil imports.
As per the Petroleum Planning & Analysis Cell (PPAC) data, India imported only 0.2% of its crude oil import from Russia till January in the current fiscal.
The worst hit is likely to be edible oil where there are even chances of a short supply.
FM Sitharaman said that the FSDC meeting agreed that crude and the 'international worrisome situation' pose challenges to the domestic financial stability.