Saudi Aramco keen to market fuels in India, says oil minister
India is looking at ways to help the world's top oil exporter, Saudi Aramco, enter into the local fuel retail sector.
A general view of a crude oil importing port. Photo: Reuters
India is looking at ways to help the world's top oil exporter, Saudi Aramco, enter into the local fuel retail sector, federal oil minister Dharmendra Pradhan said in a live web telecast on a government website.
He also said European major Shell had drawn up plans to expand its retail fuel business in southern India.
Last month Saudi Aramco said it will raise its official selling price for its benchmark Arab Light crude by $1.10 in Asia, according to a report by City A.M.
Asian countries buy more than half of the oil that Saudi Arabia exports and any hike in the price can be seen as a pick up in the demand for oil in the region.