Sunday, 21 February 2016

Maukesh Ambani clears : Oil prices may same to remain low upto 4-5 years

Posted by Anshul Katiyar
NEW DELHI: Mukesh Ambani the chairman and CEO of Reliance Industries Limited, and he also owns worlds largest oil refining industry tells media that the oil price remain low as same up to next 4-5 years, which is very helpful for country like India who usefully import 40% of fuel.

Ambani also says that ''this is first time in world when oil prices goes down for so long and this may not effect Indian economy but it is not a good sign for world economy'' in CNN's Fareed Zakaria in an interview.
Oil prices is one of common topic in India and existing Narendra Modi (BJP) government keeps claiming that they are doing hard to get oil prices remain down but actually prices are already low and government statements may not even make sense. Ambani tell that this happens just because of rapid supply of oil but not having that much demand in market.
Farees Zakaria also asked Mukesh Ambani in his interview that how long does oil prices remain low, he answered that it will remain same up to coming three years, then Zakaria asked about its outcomes. Mukesh tell's that it will relay favorable for India which is one of largest importer of oil in world.       


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