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India To Release 5 Million Barrels Crude With US, Japan To Dampen Prices

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India has decided to release five million barrels of crude oil from its strategic petroleum reserves (SPRs) simultaneously with countries like the US, Japan, China and Republic of Korea. In an official statement, the petroleum ministry said that the crude oil release will take place in consultation with these countries, which are also major global energy consumers.

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Category
Asia
Tags
NDTV 24x7, Crude oil, Fuel prices
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