01-01-1970 12:00 AM | Source: Reuters
India junior oil minister says government closely monitoring global energy markets
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BENGALURU - The Indian government was closely monitoring global energy markets as well as potential energy supply disruptions due to the evolving geopolitical situation between Russia and Ukraine, junior oil minister Rameswar Teli said.
The government was ready to take suitable measure to mitigate market volatility and calm the rise in oil prices, the minister said in a written reply to a question in the country's parliament.
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