“We need to move towards responsible pricing that will balance the interests of producers and consumers,” Modi said in his inaugural address at the 16th International Energy Forum (IEF) in New Delhi on Wednesday. Transparent pricing of oil and gas was necessary to serve humanity, as a large number of people still had no access to energy, he said, adding that artificially distorting the price was self-defeating.
It is in the interests of producers that other economies keep growing steadily and rapidly, the PM pointed out. “Use this platform to build a global consensus on responsible pricing that will serve the mutual interest.”
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