OPEC countries agreed on limited production of oil.President of Russia also agreed to reduce production as crude prices all over world are drastically rising.In Aug'2016 crude price was $39/barrel which increased to $52/barrel in Oct'2016.Accordingly it will have its effect in India as well.In meeting on Oct'15 prices of petrol & diesel may be much raised.In 2015-16 India imported 20.21 Crore ton of crude oil,spent Rs. 4,18,931 Crore on it