For every other thing, we use petroleum, coal, and other forms of energy. But these natural resources are depleting and the alternatives are expensive.
Prime Minister Narendra Modi today called for reasonable and responsible pricing to provide easy access of affordable energy to all.
In the presence of oil cartel OPEC kingpin Saudi Arabian Oil Minister, Khalid A. Al-Falih, Modi said efforts at artificially distorting prices were self-destructing.
READ ALSO: BJP to fast tomorrow; Prime Minister Narendra Modi will lead the fast
It is in the interest of oil producers that consuming markets grow, he said addressing the International Energy Forum (IEF) conference in New Delhi.
He further said that India needs energy which is accessible and affordable to the poor. Access to a clean, affordable and sustainable supply of energy is key, he said, pitching for responsible pricing of oil and gas.
The Prime Minister also said India has achieved high growth rate with low inflation.
Stating that energy consumption has shifted to non-OECD countries, he said India will be a key driver of energy demand in the next 2-5 years.
Post Your Comments