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Can't Ensure Cheaper Oil Sales To India, Says US Commerce Secretary

Tuesday, May 7, 2019, 7:36 AM

The US government will not ensure sale of its oil to India at cheaper rates as the commodity is controlled by private companies, US-commerce secretary Wilbur Ross said. Mr Ross is in India to participate in a trade forum. The latest US-sanctions against Iran has barred Asian buyers, including India, from importing oil from Tehran. Iran was shipping oil to India at discounted rates.