Union Minister Puri assures no crude oil shortage, ample refining capacity

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Union Petroleum and Natural Gas Minister Hardeep Singh Puri on Tuesday said there is no shortage of crude oil in the world and enough refining capacity in the country to meet the domestic requirements.

Referring to geopolitical tensions in the Middle East, the minister said it was his personal assessment that things will calm down, noting that it is in everybody's interest not to allow exaggeration to take place because everyone suffers.

"There is no shortage of crude oil in the world," said Puri while replying to a question on the sidelines of an event regarding 'Rozgar Mela' here.

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Category: BusinessFinance

Markets: IndiaBrazilChinaIsrael

Topics: Enough refining capacity in country: Union Min Puri No shortage of crude oil in world

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Article Type: News Report

Published On: 2024-10-29 @ 17:42:49 (2 days ago)

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News Source URL: business-standard.com

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