Analysis - Power play: India wields oil #39;weapon#39; to cut dependence on Saudi

Analysis - Power play: India wields oil #39;weapon#39; to cut dependence on Saudi Pradhan, who sees high oil prices as a threat to India’s recovering economy, said he was saddened by the OPEC decision. India’s fuel import bill has rocketed, and fuel prices – inflated by government taxes imposed last year - have hit records.

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