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India Oil Import: Petroleum Minister Hardeep Singh Puri has said a big thing about India’s oil imports during the India Energy Week conference on Monday. Petroleum and Natural Gas Minister Hardeep Singh Puri said that India is the world’s third largest energy consumer and will buy oil from wherever it can get reliable and affordable prices.
Wherever oil is available at the right price, we will buy it – Hardeep Singh Puri
Hardeep Singh Puri said during the India Energy Week conference that India will use its large market in the matter of oil purchase. He said, ‘To put it plainly, we will use the Market Card. Wherever oil is available to us at a reliable and reasonable price, we will import from there.
Russia became India’s largest oil supplier country
For information, let us tell you that last year bypassing the pressure of western countries, India bought oil from Russia at a cheaper price. Now Russia has become India’s largest oil supplier country. After attacking Ukraine in February last year, Western countries had imposed various economic sanctions on Russia. These include a ban on the purchase of petroleum products from Russia. Due to this, the prices of Russian oil decreased.
Giving preference to green energy- Hardeep Singh Puri
Hardeep Singh Puri also said that apart from diversifying its sources of oil supply, India is now laying special emphasis on alternative energy sources as well. Referring to this, he said that we are increasingly giving preference to green energy in our energy use. This includes bio-fuel, ‘compressed’ biogas and green hydrogen.
Is petrol-diesel going to be cheaper in the country soon?
Now when the country is buying petrol and diesel at cheap rates, it has raised hopes that soon the prices of petrol and diesel may become cheaper here. In such a situation, this statement of Hardeep Singh Puri is very important. The citizens of India have been waiting for a long time for the prices of petrol and diesel to be cheap and now this statement of the Petroleum Minister is indicating the end of this wait, it can be said.
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