Oil price above $100 won’t be in ‘anyone’s interest’: Indian minister

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India will manage if the price of oil goes above $100 per barrel even though such a price would not be in “anyone’s interest,” the country’s petroleum minister said on Tuesday at a conference in Abu Dhabi.

“"If the price goes above $100, this thing is not going to be in the interest of either producing country or anyone’s interest. You will have large organized chaos,” Hardeep Singh Puri said without elaborating.

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“I hope it doesn’t go above $100 ... you should not be worrying about the impact on India. India will manage. India is a large economy. It has a lot of domestic production. We’ll cut back, we’ll do something ... I would worry about what happens to other parts of the developing world.”


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