Crude oil price crash helped India save Rs 25,000 crore: Dharmendra Pradhan

"India has a strategic storage facility of 5.33 million metric tonne. We could fill up all the cabins by this time with this slow oil price of April. India purchase around 9 million metric tonne of crude and we put that crude at high sea through some floating vessels and with inland product and crude oil in and around refinery and different terminals, we could store 25 million metric tonne putting together around 38-40 million metric tonne of oil or product we could save capturing the low oil price of April. That saved us around Rs 25,000 crore for the treasury", says Petroleum & Steel Minister Dharmendra Pradhan. Watch the interview where Cabinet Minister also spoke about military escalation with China, privatising PSUs and lot more.
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