Crude Shock Warning: Former ONGC Chief On India’s Fuel Supply Risks | Business News | ET Now
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Загружено: 2026-03-09
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Crude Shock Warning: Former ONGC Chief On India’s Fuel Supply Risks | Business News | ET Now
Global crude oil prices are rising rapidly as tensions escalate in the Middle East. Former ONGC Chairman RS Sharma warns that oil could reach $120 per barrel and even touch $150 if the conflict intensifies. The Indian government may consider emergency steps like curbing fuel exports, demand discipline, and even windfall taxes. Here’s what the surge in crude prices could mean for India’s energy security and economy.
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