https://sputniknews.in/20230830/india-to-sontinue-pragmatic-policy-toward-oil-purchases-3928484.html
India to Сontinue Pragmatic Policy Toward Oil Purchases
India to Сontinue Pragmatic Policy Toward Oil Purchases
Sputnik India
India will buy crude oil from any nation or source supplying it at the “lowest possible price,” stressed the country’s oil minister.
2023-08-30T14:48+0530
2023-08-30T14:48+0530
2023-08-30T14:48+0530
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India will continue its pragmatic policy in the field of oil purchases, focusing on the most favorable prices, the country’s Oil Minister Hardeep Singh Puri said on Wednesday.India, the world's third-biggest oil importer, buys more than 80% of its oil from overseas, and currently, it is buying crude oil from Russia. India has emerged as Russia's second-largest crude importer after China.New Delhi has imported over two million barrels per day (bpd) from Moscow for two months in succession, taking the latter's contribution to the former's oil basket to nearly 45 percent.
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India to Сontinue Pragmatic Policy Toward Oil Purchases
Deexa Khanduri
Sputnik correspondent
The Western press has continued to condemn India's decision to buy oil from Russia. An independent decision was taken by New Delhi last year after the Western nations unilaterally imposed sanctions on the Eurasian country following the start of its special military operation in Ukraine.
India will continue its pragmatic policy in the field of oil purchases, focusing on the most favorable prices, the country’s Oil Minister Hardeep Singh Puri said on Wednesday.
"We are very clear in our minds that we will buy oil from wherever we can get it as long as it is delivered to our point of importation at our ports at the lowest possible price," said the Oil Minister in an interview with ET Now.
India, the world's third-biggest oil importer, buys more than 80% of its oil from overseas, and currently, it is buying crude oil from Russia. India has emerged as Russia's second-largest crude importer after China.
India's oil imports from Russia have registered a 440 percent growth during January-July compared to the corresponding time frame last year.
New Delhi has imported over two million barrels per day (bpd) from Moscow for two months in succession, taking the latter's contribution to the former's oil basket
to nearly 45 percent.
