November 8, 2024 3:41 PM

India’s purchase of Russian oil helped avert global price surge: Petroleum Minister Hardeep Singh Puri

India's decision to buy Russian oil during a period of global economic uncertainty prevented a steep rise in international oil prices, said Union Petroleum and Natural Gas Minister Hardeep Singh Puri. Speaking at the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) on Thursday, Puri said, “If the Indian government hadn’t bought Russian oil, the global oil price would have gone up to $200 for everyone. ” "By 2026, when more energy is available in the market, As a stude...