Oil prices key focus for PM at G20 summit

Oil prices key focus for PM at G20 summit

As Prime Minister Narendra Modi prepares to Argentina on Wednesday for the G20 summit, officials said the focus this year would be—among other things—rising prices of fuel.

“Challenges we intend to highlight in G20 include risks posed by oil price volatility, this is something that has directly impacted Indian economy…impacts the lives of people. It is incumbent that leaders of twenty largest economies reflect both on price of oil and its availability in the market,” Foreign Secretary Vijay Gokhale said ahead of the visit.

Oil prices become a particularly important issue given that the prime minister’s government prepares to face the mammoth general elections next year. The central government has come under heavy criticism at home for spiralling fuel prices.   Read more

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