India will not change its energy policy to buy oil and gas at the lowest possible price and will continue to purchase cheaper Russian crude supply, Indian Oil Minister Hardeep Singh Puri told Reuters at the Gastech conference in Houston. “If an entity is not under sanctions, there is no question I will buy from the cheapest supplier,” the minister said. The world’s third-largest crude oil importer, India, relies on imports to cover more than 85% of its petroleum consumption, which is growing in lockstep with economy and refinery…
India Will Continue to Buy Cheap Russian Crude Oil
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