India Claims Not To Be Overly Dependent On Russian Crude Oil

India Claims Not To Be Overly Dependent On Russian Crude Oil

OilPrice.com

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India does not depend too much for its oil imports on any supplier, not even Russia, Indian Minister of Petroleum and Natural Gas, Hardeep Singh Puri has told CNBC in a recent interview. India, the world’s third-largest crude importer, buys from abroad more than 80% of the crude oil it consumes. Over the past year and a half, the country has significantly raised its imports of cheaper Russian crude oil, which is banned in the West. “India doesn’t get over dependent on anyone,” Singh Puri told CNBC when asked about his view…

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