Boys run near a sand sculpture of the Indian Rupee created by Indian sand artist Sudarshan Pattnaik at golden sea beach at Puri in the eastern Indian state of Odisha -. REUTERS
NEW DELHI/SINGAPORE: India's top oil official is grasping at desperate measures to cut the country's oil costs by nearly $20 billion after the rupee's slide to record lows has left India facing an oil bill potentially 50 percent higher than on May 1.
Oil Minister M. Veerappa Moily has suggested pricking the ballooning oil bill with everything from a street theatre campaign encouraging lower fuel use, to shutting fuel stations, to increasing imports from Iran.
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