India's reported refusal to provide a subsidy of approximately Rs 17 billion for the construction of two petroleum pipelines and a fuel storage facility, as previously agreed between the two countries, has lately drawn media headlines.
KATHMANDU, March 26: According to the agreement to build two petroleum pipelines and a fuel storage facility, India has refused to give a subsidy of about Rs 17 billion.
India said Oct. 20 that surging oil prices could potentially create hurdles for a post-pandemic economic recovery, and urged the world’s leading producers to take steps to potentially rectify the current supply and demand imbalances. Speaking at the India Energy Forum by CERAWeek, Indian Petroleum Minister Hardeep Singh Puri said the steep rise in prices .