India unlikely to contribute from its petroleum reserves in G7 effort, backs cites National interest - The Middle East conflict has jolted the global economy as the war enters its 10th day, with markets crashing and oil prices surging. Ahead of a potential crisis, Govt Sources March 09 clarified that India has no plan to release oil reserves in coordination with the IEA.The sources said that India is unlikely to contribute from its strategic petroleum reserves in the G7 effort, as our strategy is 'India First'. Govt sources also added that petrol and diesel prices in India are unlikely to increase, unless crude oil prices breach USD 130 per barrel. The fuel prices are unlikely to increase as India has enough stock, the sources said. Speaking on the impact Energy expert Narendra Taneja had projected stability in coming 7 to 10 days. #MiddleEastConflict #OilPrices #EnergyCrisis #IndiaOilReserves #FuelPrices #CrudeOil #GlobalEconomy #IndiaFirst #StrategicReserves #PetrolDieselPrices #BreakingNews #EnergySecurity Join ANI's YouTube membership to get access to perks: https://www.youtube.com/channel/UCtFQDgA8J8_iiwc5-KoAQlg/join Subscribe now and press the bell icon 🔔 to get new video updates: https://bit.ly/2UV4ygi -------------------------------------- ANI is South Asia's leading Multimedia News Agency providing content for every information platform, including TV, Internet, broadband, newspapers, and mobiles. Subscribe now! Enjoy and stay connected with us!! ☛ Subscribe to ANI News YouTube channel: https://bit.ly/2UV4ygi ☛ Visit our Official website: https://www.aninews.in/ ☛ Follow ANI: https://twitter.com/ANI ☛ Follow us on Snapchat: https://ift.tt/jqRIx18 ☛ Like us: https://ift.tt/lfrLjJi ☛ Email to: anicontent@aniin.com, internetani@aniin.com ☛ Instagram: https://ift.tt/tLWJxSe , https://ift.tt/RHh40WB ☛ Copyrights © All Rights Reserved ANI Media Pvt Ltd.
