Petroleum Minister Dharmendra Pradhan raised concern over the ongoing surge in crude oil prices and the resultant hike in transport fuel prices in the country during a telephonic interaction with Saudi Arabia’s Minister of Energy, Industry and Mineral Resources Khalid Al-Falih.
“Minister Pradhan expressed his concern about rising (oil) prices and its negative impact on consumers and the Indian economy,” an official statement said here on Friday. The concern comes as the petrol price in the national capital hit Rs 75.61 per litre on Friday, inching closer to the previous high of Rs 76.06, reached in September 2013. Pradhan emphasised his desire for stable and moderate prices. Minister Al-Falih also assured Pradhan supporting global economic growth is one of Saudi Arabia's key goals. He said he is commitment towards stable supplies and that the Kingdom together with other producers will ensure availability and reasonable prices.