India's Energy Minister Clarifies Stance on Russian Oil Imports
'India Never Told Not To Buy Russian Oil, No Issue With Sanctioned Crude': Hardeep Singh Puri

Image: News 18
Union Petroleum and Natural Gas Minister Hardeep Singh Puri stated that India was never instructed to refrain from purchasing Russian oil and emphasized the nation's ability to manage fuel prices amid global energy challenges. He noted that India's imports from Russia have significantly increased recently.
- 01Hardeep Singh Puri stated that India was never told to stop buying Russian oil.
- 02India's imports from Russia rose from 1.05 million barrels per day to between 2-2.5 million barrels per day.
- 03In 2022, Russian oil constituted only 2% of India's total imports.
- 04India imports energy from 41 countries, ensuring price stability despite global disruptions.
- 05Puri indicated that private companies handle sanctioned commodity purchases, not the government.
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Union Petroleum and Natural Gas Minister Hardeep Singh Puri addressed concerns regarding India's oil imports from Russia, asserting that the country was never explicitly advised against purchasing Russian oil. In an interview with CNN-News18, he explained that India has effectively managed to keep fuel prices stable amidst significant global energy supply challenges. Puri highlighted that India's energy imports come from 41 different countries, allowing for a diversified approach to sourcing fuel. He mentioned that while there were sanctions on certain entities, the purchases of oil are conducted by private companies, which could face punitive actions if they engage with sanctioned commodities. In 2022, Russian oil constituted only 2% of India's total imports, but this figure has increased dramatically, with imports rising from 1.05 million barrels per day in February to between 2-2.5 million barrels per day currently. Puri also noted that India is prepared to seek alternative oil sources should Russia increase crude prices in the future, underscoring the country's proactive energy strategy.
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India's energy policy directly affects fuel prices and energy security for its citizens.
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