India’s oil minister stated that global oil prices “would have hit roof” if India hadn’t continued buying oil from Russia after Ukraine war.
India’s oil minister stated that global oil prices “would have hit the roof” if India hadn’t continued buying oil from Russia after the Ukraine war began. He emphasized that India will source oil based on the best prices available.
India, the world’s third-largest oil importer, is now the top buyer of discounted Russian oil, which Western countries have avoided since Russia’s invasion of Ukraine in early 2022. Before this, India bought only a small amount of oil from Russia, despite a long-standing defense partnership. New Delhi has defended its Russian oil purchases as necessary to control prices in a developing nation with a population of 1.42 billion. “Many people don’t realize that global oil prices would have skyrocketed if India hadn’t bought oil from Russia,” India’s oil minister, Hardeep Singh Puri, wrote on social media.
India’s imports of Russian oil rose by 11.7% in September, reaching around 1.9 million barrels daily, making up about 40% of the country’s total oil imports that month. Russia remains India’s largest oil supplier, followed by Iraq and Saudi Arabia.
پاکستان تازہ ترین خبریں, پاکستان عنوانات
Similar News:آپ اس سے ملتی جلتی خبریں بھی پڑھ سکتے ہیں جو ہم نے دوسرے خبروں کے ذرائع سے جمع کی ہیں۔
IMF projects Pakistan's GDP growth rate at 3.2pc in FY25The report added global growth was expected to remain stable yet underwhelming
مزید پڑھ »
Diesel Prices Go Up by Rs 5 per Litre After Three MonthsThe government has announced a Rs5 per litre increase in diesel prices for the next 15 days while keeping petrol prices unchanged
مزید پڑھ »
Wall Street flat in early trading, oil prices tumble again on China weaknessWall Street flat in early trading, oil prices tumble again on China weakness
مزید پڑھ »
Saudi Aramco says quarterly profit drops 15 pc on low oil pricesAramco reported record profits in 2022 after Russia's invasion of Ukraine sent oil prices soaring
مزید پڑھ »
Israel unearths Hezbollah's web of tunnels in southern LebanonIsrael says the tunnels are stocked with supplies and weapons and are outfitted with lighting
مزید پڑھ »
Zelenskyy says 10,000 North Koreans could join Russian forces in Ukraine as he pushes 'victory plan'Zelenskyy says 10,000 North Koreans could join Russian forces in Ukraine as he pushes ‘victory plan’
مزید پڑھ »