India requests to cut down oil production costs

India requested for a discount in official selling price and extension of credit amount from existing 30 days to 90 days from bill of wares, among others

Opec accounts for 18% of India’s petroleum imports. Any production cut by the Organization of Petroleum-Exporting Countries could compromise India’s energy security efforts within the short run

Battling a severe lag, India implored the Organization of the crude....