Why India's oil purchase from Russia declined: Hardeep Singh Puri explains
11 months, 2 weeks ago

Why India's oil purchase from Russia declined: Hardeep Singh Puri explains

Hindustan Times  

Union minister of petroleum and natural gas Hardeep Singh Puri said crude oil supply in India from Russia has not dropped because of the payment-related issues. Union Minister of Petroleum and Natural Gas Hardeep Singh Puri India is one of the largest importers of crude oil in the world, but its imports from Russia significantly decreased over the past few months. The minister said that New Delhi has started diversifying its oil import options, and the country will always purchase crude oil from vendors offering it at the cheapest rates. 1.5 million barrels per day out of 5 million barrels per day consumption," Puri said.

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