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While the OPEC+ output cut would warrant a further hike in OSPs, recession fears continue to spook traders and producers alike, and especially Middle East producers are cautious when it comes to aggressive price hikes
Petrol costs Rs 96.72 per litre while Diesel costs Rs 89.62 per litre in Delhi.
The minister is on a day-long visit to prepare the ground for Saudi Prime Minister and Crown Prince Mohammed bin Salman's trip to India next month
Opec and its allies 'are doing right job to ensure stable and sustainable oil markets', says Abdulaziz bin Salman
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero