Sun, Jun 22 03:46 PM
India asked the oil producing countries to increase supply to the control prices as the present global inflation could not be tolerated.
Finance Minister P Chidambaram who is here to talk to Saudi Arabia authorities for finding a solution to the ongoing oil crisis said, "My presence in Jeddah emphasises the global nature of inflation. We cannot operate under these prices and oil producing countries need to calm oil markets."
Talking to NDTV Chidambaram said, "Saudis have assured that supply will not be a problem."
On their part the Saudi Oil Minister Ali-al Naimi said, "We have already increased our supplies substantially."
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