Sunday, September 27
Union Petroleum and Natural Gas Minister Hardeep Singh Puri on Tuesday said crude oil prices are back at USD 67 per barrel and are likely to remain around that level. Speaking at the 77th Foundation Day of the Institute of Chartered Accountants of India (ICAI), Puri also said India increased biofuel blending and is sourcing crude oil from 40 countries as against 27 earlier. He said when the tensions were at their peak in the Gulf region recently, many tried to be alarmist about the crude oil prices moving northwards. "I said nothing will happen. Oil prices sahi rahenge (will remain stable). Don't worry. And the price of oil is back to USD 67 a barrel. Why do I say that? ...there is enough oil available in the world," the minister said. Moreover, Puri added India has diversified its crude o
