The proposed price stabilisation fund could be triggered in times like what is prevailing now to check extreme volatility and provide relief to both consumers and oil companies.
“The rise in fuel and cooking gas prices is putting additional financial burden on the people, who are yet to come out of the problems of lockdown,” TPCC chief said
Saudi energy minister Prince Abdulaziz bin Salman at a press conference after the OPEC+ decision on Thursday said New Delhi should take some of the crude out of storage that they had purchased at very cheap rates last year.
