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"opec"
Saudi asks India to use cheap oil it bought last year to cool prices
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.
New Year OPEC+ meeting to decide production levels
The OPEC+ ministerial meeting comes after oil consumption tanked in 2020 due to the Covid-19 pandemic and a price war between Saudi Arabia and Russia.
Petrol price at 2-year high of Rs 83 per litre, diesel at 73.32
This is the highest rate for petrol and diesel since September 2018 and followed the 13th increase in rates since November 20.
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