Oil Minister Dharmendra Pradhan said on Twitter that Saudi energy minister Khalid al Falih had assured him Riyadh and other producers would "ensure availability of adequate supplies to offset any potential shortfalls and ensure that prices remain reasonable".
"I expressed my concern about rising prices of crude oil and its negative impact on consumers and the Indian economy and reiterated the need for stable and moderate crude oil prices," Pradhan said.
India is the world's third largest oil consumer and is one of the world's fastest growing energy consumers. Its oil use only lags behind the United States and China.
OPEC and its ally Russia have cut their output since January 2017 to help reduce excessive global stockpiles.
OPEC member the United Arab Emirates said on Thursday OPEC had bigger issues to consider than the impact of the US decision to withdraw from the international nuclear deal with Iran such as Venezuela's collapsing output.
US President Donald Trump has also called on OPEC to help cool oil prices saying they were artificially high and that it was "unacceptable".