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India has urged Opec to restructure the international pricing mechanism for crud ...

India has urged Opec to restructure the international pricing mechanism for crude oil. ‘We are required to pay an additional $2/b which we describe as the Asian premium. This raises our energy costs and is a burden on developing economies,’ said Petroleum Minister Ram Naik.

News Item details


Region: Asia-Pacific

Organisation: OPEC

Subjects: Banking, finance and investment, Economics, business and commerce, Crude oil, Oil

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