Global oil prices would have hit the roof if India had not bought oil from Russia: Union Minister Hardeep Puri
global oil prices would have increased tremendously if India had not purchased oil from Russia.
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Speaking about India's energy strategy, Puri highlighted that without these purchases, oil prices worldwide would have surged to even higher levels.
He also pointed out that while some countries criticize India's continued energy imports from Russia, they overlook the benefits that India's actions bring to the broader global energy market.
«While they remain fixated on India's oil purchases from Russia, what many around the world don't seem to realise is that the global oil prices would have hit the roof if India had not bought oil from Russia» said Puri in a social media post.
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.
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