India Looking for Other Sources of Crude Supply, Sitharaman Says
Oil tanks stand near the Jawaharlal Nehru Port.
Photographer: Dhiraj Singh/BloombergThis article is for subscribers only.
India will look for alternative sources of crude oil to ensure sustained supply of the fuel, Finance Minister Nirmala Sitharaman said.
New supply chains won’t likely have an impact on crude prices though, she said on Saturday. The federal and state governments will have to discuss about the inflationary impact of rising crude and its impact on consumers and the economy, Sitharaman said.