‘Oil prices would have hit $120-130’: India says its oil imports from Russia helped global markets; Hardeep Puri hits out at critics

Hardeep Puri, India’s Petroleum Minister, asserts that India’s continued Russian oil imports have stabilized global energy prices. Discontinuing this trade would have caused prices to surge past $120 per barrel. Despite Western restrictions, India increased Russian oil procurement, preventing a significant global supply disruption, he has said.