OPINION: Bring in BRICS & IBSA on oil prices

OPINION: Bring in BRICS & IBSA on oil prices

PM Narendra Modi did well to call major oil suppliers to New Delhi, to impress upon them the problem ever-rising oil prices foist on India, the world’s third-largest consumer of oil, and to seek a change in payment terms that would alleviate the pressure on the rupee.

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