Venezuela Crisis May Lead To Cheaper Crude Oil: Niti Aayog Member To NDTV

Wednesday, 7 January 2026Newsdesk

In an exclusive interview with NDTV, Dr Virmani said crude oil is very important for India and a price drip in the international market will benefit India

New Delhi 07 January 2026

As per news report of NDTV,Dr Arvind Virmani, renowned economist and a member of the NITI Aayog, said he believes if the oil fields of Venezuela are revived within six months, more oil will reach the market, and crude oil prices will drop. This, he indicated, could be one of the potential fallouts of the turmoil in Venezuela -- which has the world's largest oil reserves -- on the international market.

Source - NDTV