Global oil prices would have hit the roof if India had not bought oil from Russia: Union Minister Hardeep Puri
Union Minister Hardeep Singh Puri said global oil prices would have risen sharply if India hadn’t bought oil from Russia.
Puri noted that critics of India’s Russian oil imports ignore the benefits these actions bring to the global energy market.
Puri stated on social media that global oil prices would have soared if India hadn’t bought oil from Russia.
The minister noted that India’s decision to source oil from Russia has been instrumental in ensuring a balance between energy affordability, availability, and sustainability, a difficult “trilemma” that many nations have struggled with.
He added that while numerous countries faced energy shortages and skyrocketing costs, India has managed to meet its energy needs without burdening its citizens. This achievement, according to Puri, is largely due to Prime Minister Narendra Modi’s strong and strategic leadership in steering India’s energy policy.
“India successfully navigated the trilemma of energy availability, affordability & sustainability with a flourish under the dynamic leadership of PM @narendramodi Ji” Puri said.
The minister also reaffirmed India’s stance that it will prioritize the interests of its people and economy by sourcing energy from suppliers that offer the best prices.
India’s approach, the minister added, demonstrates its commitment to providing affordable and sustainable energy to its citizens, even amid global uncertainty and fluctuating oil prices.
Puri’s statements come at a time when countries worldwide continue to face challenges in securing reliable energy supplies.
As oil prices remain volatile, as per minister, India’s policy of diversifying its energy sources has become a key factor in helping stabilize domestic prices, maintaining energy security, and cushioning the impact of price spikes on its citizens.
He said “India will buy oil from wherever our companies get the best rates”.
