South American country Venezuela has made an attractive proposal to give 30% cheaper oil to the people troubled by high petroleum prices. But he has put a condition on it, which is very difficult for India to complete.
Venezuela has said that it is ready to give 30% cheaper crude oil to India but the payment for it will only be taken in its own digital ie cryptocurrency. Significantly, the price of crude oil has reached $ 75 a barrel recently. In this way, Venezuela's offer is quite attractive, but the Indian government has declared the cryptocurrency illegal, so it is very difficult to buy cheap oil from Venezuela by paying for the government in the digital currency.
Note:
- President of Venezuela: Nicolás Maduro
- Capital and largest city of Venezuela: Caracas
- Currencies of Venezuela: Venezuelan bolívar, Petro
Published On : 02 May 2018