No pressure from US to cut Russian oil imports, Indian oil minister says
GOA: India has faced no pressure from the US to reduce its Russian crude imports, oil minister Hardeep Singh Puri said on Tuesday at an industry event. “I never felt anything,” Puri said when asked if there has been pressure to cut Russian oil imports. Puri said Middle East oil supplies have been rising as the region is able to ship out more cargoes. He said India was getting 0.2% of its oil…
Indian oil minister Hardeep Singh Puri stated on Tuesday that the United States has not exerted any pressure on India to decrease its Russian crude oil imports. When questioned about any perceived pressure, Puri claimed he had not felt any such influence. He elaborated that Middle Eastern oil supplies have been increasing as the region is capable of transporting more shipments.
Puri revealed that India was only receiving 0.2% of its oil imports from Russia prior to the Ukraine conflict, but this has significantly risen since the war commenced due to discounted prices offered by Russia. India's consumption of Middle Eastern crude oil has rebounded to pre-war levels in September, according to refiners' data.
Meanwhile, refiners have decreased their purchases of Russian oil due to intense competition from China. Puri clarified that the buying of Russian oil is contingent on discounts and pricing compared to other grades. He emphasized that any statements or actions from external entities are ultimately driven by their self-interest. Additionally, Puri announced that India is increasing its refining capacity to meet local demand and fulfill export obligations.
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- No pressure from US to cut Russian oil imports: Puri economictimes.indiatimes.com
