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Can't ensure cheaper oil sales to India: US

NEW DELHI: The US govt won't ensure sale of its oil to India at cheaper charges as the commodity is controlled by means of private companies, US trade secretary Wilbur Ross said on Monday.

Ross is in India to take part in a business discussion board.

The latest US sanctions against Iran has barred Asian consumers, including India, from importing oil from Tehran. Iran was transport oil to India at discounted charges.

“Oil is owned by means of private folks so the federal government cannot drive folks to make concessionary prices,” Ross said, when requested if the United States is thinking about promoting oil to India at a concessional charges to make for lack of Iranian barrels.

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