Oil slip: India on slippery track?

India, which imports two-thirds of its crude oil requirements to meet domestic demand, faces a big challenge in coping with oil shocks and supply disruptions. Crude oil is already heading north and trading above $71 per barrel. Fears of an attack on Iran by the US or Israel and reports of Turkish troops entering Iraq are keeping prices volatile.

On a possible price hike, SV Narasimhan, director finance, Indian Oil Corporation (IOC), says:
EconomicTimes