On July 4, 2008 (June 2, 2008 in the lunar calendar), India's oil minister said that blaming China and India for the rise in international oil prices is groundless. RIA Novosti reported on July 4 that India's oil minister, Murli Deora, believes that blaming India and China for the rise in international oil prices is groundless. Speaking at the 10th World Petroleum Congress in Spain, Diola pointed out: "Some oil analysts have linked the continued rise in oil prices in recent months to the increase in demand for oil in India and China." He stressed that despite the rapid economic growth of India and China, which account for one-third of the world's population, the demand for oil products in these two countries is still lower than that of industrialized countries, and less than one-eighth of the world's total demand. Diola also stressed that India and China rely on high-efficiency energy sources, so the demand for oil lags behind the rate of economic growth. Diola also said in his speech at the conference: "Therefore, there is no reason to link the increase in crude oil prices with the increase in oil demand in India and China, which is baseless." Comments: High oil prices are not good for anyone