What is Asian discount ?

what is Asian discount

In response to changes in emerging global energy dynamics, Saudi Arabia, the world’s second largest oil producer, has reduced the premium it charges India on its oil shipments. The Asian premium, a surcharge imposed by the Organization of the Petroleum Exporting Countries (OPEC) on Asian countries above the market-based selling price, has been a source of concern for India. India has consistently advocated the repeal of this premium as well as the introduction of an ‘Asian discount’ in its place.

Article Powered by TOPICFLIX

ankita mehra

About the Author

Ankita is a German scholar, Civil Services aspirant and loves to write. Users can follow Ankita on Instagram ankita mehra instagram


No comments yet. Why don’t you start the discussion?

Leave a Reply

Your email address will not be published. Required fields are marked *