Finance Minister says Middle East conflict raises fuel price concerns

Finance Minister Nirmala Sitharaman speaks during a press conference after a G20 Finance Ministers' and Central Bank governors' meeting at Gandhinagar, India, July 18, 2023. REUTERS/Amit Dave/File Photo

MARRAKECH, Morocco, Oct 13 (Reuters) – Many emerging market countries are concerned about the impact on fuel price due to the recent crisis in the Middle East, India’s Finance Minister said on Friday, detailing the discussions held by G20 finance leaders in Marrakech.

Referring to the Israel-Hamas conflict, Minister Nirmala Sitharaman said, “The recent crisis in the Middle East, and concerns about fuel back again, are worries which many countries do hold and they have expressed as well.”

The G20 finance leaders are meeting on the sidelines of the International Monetary Fund and World Bank annual meeting in Marrakech. India holds the rotating presidency of the G20, which expires in November.