November 3, 2022
1 min read

Buyer-seller relationship with Russia: Puri

On fuel prices being stable for the past five months in the country, the minister said that though prices of oil and gas have been rising globally, the prices have not risen by that much in India…reports Asian Lite News

Petroleum Minister Hardeep Puri on Wednesday said that though India got discounted crude oil from Russia in May and June this year, there now exists a normal “buyer-seller” relationship between the two countries.

Replying to a question on crude oil supplies from Russia, the minister said that he has spoken a lot about it in interviews (referring to his interview to CNN on Tuesday in Abu Dhabi, where he had said that India had no moral conflict in buying Russian crude), but went on to say that “there is no discount in price from Russia. There were discounts in May and June but then others (countries) also started giving discounts. So now it’s a buyer-seller relationship (with Russia)”.

On fuel prices being stable for the past five months in the country, the minister said that though prices of oil and gas have been rising globally, the prices have not risen by that much in India.

“With quiet confidence we will navigate the situation,” he said.

ALSO READ: Growing India-Russia trade: A new era for Silk Road

Previous Story

Growing India-Russia trade: A new era for Silk Road

Next Story

Election fever grips Nepal’s Madhes Province

Latest from Europe

Finland Backs India’s UNSC Push at UN

Finland backs reform call at UNGA, echoing India’s push for UNSC seat and wider global governance overhaul…reports Asian Lite News Finland and India have found common ground on the future of global

Goyal lauds TEPA coming into force

India seals landmark EFTA trade deal, unlocking $100bn investment and one million jobs…reports Asian Lite News India’s long-awaited Trade and Economic Partnership Agreement (TEPA) with the European Free Trade Association (EFTA) officially

Putin Likely to Visit India on Dec 5-6

Putin’s December visit set to test India’s balancing act between Moscow and Washington Russian President Vladimir Putin is expected to visit India on 5–6 December for a summit with Prime Minister Narendra

Lavrov: India-Russia Bond Beyond Oil

US President Donald Trump has imposed a 25 per cent punitive tariff on India for buying Russian oil and is pressuring it to stop the purchases.;…reports Asian Lite News Russia’s Foreign Minister

Zelenskyy: India ‘mostly with us’

President Zelenskyy hails India as “mostly” aligned with Ukraine, praises Trump’s backing, and warns UNGA of AI-driven warfare risks, urging global rules to avert catastrophic arms races….reports Asian Lite News Ukrainian President
Go toTop

Don't Miss

Nepal, India agree to recognise Covid vax certification

Due to the lack of mutual recognition of the Covid

US Senators reaffirm Arunachal as integral part of India

The resolution comes following a major clash between India and