English Tamil Hindi Telugu Kannada Malayalam Android App
Mon. Dec 5th, 2022
0 0
Read Time:2 Minute, 42 Second

NEW DELHI: India is feeling no “pressure” from the impending price cap on seaborne Russian crude proposed by the G-7 countries from December 5, and a possible disruption in shipping and insurance, oil minister Hardeep Singh Puri said at the Times Now Summit 2022 on Thursday.

“The navigation (through the energy crisis) is an ongoing process. Anyone who understands the market will appreciate the political resolve and the quality of decisions taken by the government,” he said on the question of domestic prices not rising in tune with global crude and the purchase of Russian crude in spite of questions from the West. “There’s a fantastic market out there. You may decide anything. Crude doesn’t have imprint of any country. You have types of crude,” Puri said hinting that India will continue with an independent policy on buying Russian oil to ensure the country’s energy security. He said the country has been able to navigate the global energy crisis well due to the political resolve shown by the Narendra Modi government. On fuel prices not being raised in view of the polls in Himachal and Gujarat, leading to the possibility of rates going up after the results on December 8, Puri said India always had “some election going on” and “global crude prices are subdued at present (so no need to raise prices)”.

Source link

For more news update stay with actp news

Android App

Facebook

Twitter

Dailyhunt

Share Chat

Telegram

Koo App

Happy
Happy
0 %
Sad
Sad
0 %
Excited
Excited
0 %
Sleepy
Sleepy
0 %
Angry
Angry
0 %
Surprise
Surprise
0 %

Average Rating

5 Star
0%
4 Star
0%
3 Star
0%
2 Star
0%
1 Star
0%

Leave a Reply

Your email address will not be published. Required fields are marked *

%d bloggers like this: