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Business Economy


World has seen crude prices on a roller-coaster: Modi

World has seen crude prices on a roller-coaster: Modi

Greater Noida, Feb 11 (UNI) The world has seen crude prices on a roller-coaster for too long, said Prime Minister Narendra Modi here on Monday and added we need to move to responsible pricing, which balances the interests of both the producer and consumer.

Mr Modi while addressing the Petrotech 2019 said, “We also need to move towards transparent and flexible markets for both oil and gas. Only then can we serve the energy needs of humanity in an optimal manner.”

“In my interactions with world leaders and CEOs, I have always maintained that Oil and Gas are not only a commodity of trade but also of necessity. Whether it is for the kitchen of a common man or for an aircraft, energy is essential,” he said and added another key issue that needs the world to come together is climate change.

“Together, we can achieve the targets we set for ourselves at COP-21 in Paris. India has made rapid strides in meeting its commitment. We are on our way to reaching the target,” Mr Modi concluded.

UNI DJK SHK1957

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