Cannot guarantee cheaper oil sales to India: US Trade Secretary

NEW DELHI: The US Government Will Not Ensure Sales Of Its Oil To India At Lower Prices, As Commodity Is Controlled By Private Companies Wilbur Ross Said On Monday.

Ross Is Participating In A Trade Forum In India.

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.

" Oil Is Owned By Private People And The Government Cannot Force People To Make Concessionary Prices," Ross Said, When Asked If The United States Is Considering Selling Oil To India At A Concessional Rates To Make For Loss Or Iranian Barrels.