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Press Trust of India | Puri says India will play market card, to buy oil from wherever it gets cheaper Puri says India will play market card, to buy oil from wherever

Feb 06,2023

India, the world's third-largest energy consumer, will buy oil from wherever it can get on a predictable and sound basis, Oil Minister Hardeep Singh Puri said on Monday emphasising the country will play its market card.

India shunned western pressures to raise imports from Russia in last year. Russia, whose oil is available at discount due to some western nations slapping sanctions, is now India's top oil supplier.

"I will be very frank, we will play the market card," he said at India Energy Week here. "We will import from wherever it is available on a predictable and sound basis." From just 0.2 per cent of all oil imported by India, Russia in January supplied 28 per cent.