New Delhi: Since the drone attack on the Saudi oil company, the price of oil in India has been steadily increasing. This has upset the industry as well as the general public. In an economy already troubled by recession and inflation, it will work like ghee in the fire. The Reserve Bank has also expressed concern over the issue. However, India has received strong news on this front. It is being said that America, which has become a major oil-exporting country, can provide crude oil to India at a discounted rate. He has given such signs.
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Sources said that details related to supply will be discussed in detail during the official delegation of India to the US. This delegation, headed by PM Modi, will go to America. The journey starts on 21 September. During this time he will meet with US President Donald Trump. The delegation will also include a large number of Indian industrialists.
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It also includes heads of public and private sector oil companies. The diplomatic source said that Indian oil companies can sign MoUs with their US counterparts to increase oil imports to meet domestic demand. Let me tell you that before this, Russia has also talked about providing oil to India at a subsidized rate. India is the third-largest oil importing country in the world.
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