Effective measures needed: To check petrol consumption
After the slowdown in American economy prices of crude oil have shown drastic swing. On Saturday the prices of crude oil reached up to 139 per barrel in New York. In the matter of oil consumption the five premier nations America, Japan, China, India and South Korea have expressed serious concern on record price rise of oil. In the conference of these countries in Aomori(Japan), the ministers of these countries told in a joint statement that drastic increase in oil prices has not only affected the importers of oil, but the producers and exporting countries also.