Business
Puri says no US pressure on Russian crude imports
The Hindu BusinessLine·
Oil Minister Hardeep Singh Puri said on Tuesday there is no United States pressure on India to cut crude imports from Russia. Speaking at an industry event in Goa, he said he never felt such pressure. Puri also said India now imports 67 percent of its LPG from the US. Algeria is another cooking-fuel source he named.
Prism
What It Means For You
- Puri framed Russian oil buying as a decision free of US pressure in his remarks.
- He said US and Algerian LPG supply helped offset West Asia shocks.
- India's LPG imports were described as rising from 34,000 to 55,000 tonnes per day.
What's Happening
- Puri answered media questions at an industry event in Goa on October 27.
- Asked again about US pressure, he pointed to the Prime Minister's decision style.
- He said India is also sourcing LPG from African countries such as Algeria.
LPG Supply Mix Shift
- Puri put the US share of India's LPG imports at 67 percent.
- He linked higher imports to buffering supply shocks from West Asia.
- The comments came as global scrutiny of Russian crude trade continues.
all-news