Reliance chairman calls for stability in energy prices

Reliance Industries Ltd (RIL) Chairman Mukesh Ambani emphasized the need for price stability in energy sector, expecting growth in consumption going forward.

“As a consumer country, we would like to dream about stability in prices,” he said at a panel discussion at Future Investment Initiative yesterday, Jan. 27.

The COVID-19 pandemic severely hit the global energy industry, he noted, adding it led to a decline in consumption and investments.

However, Ambani expected buoyancy in the future of the global energy sector.

“Energy for five out of eight billion people is still an essential requirement. We expect this energy consumption to grow,” he stated.