India eyes diverse energy import sources, to ensure stable and affordable supply
India Today
The Foreign Secretary's statement came amid questions over India's purchases of Russian oil, following remarks by US President Donald Trump last week that India had "committed to stop directly or indirectly" importing Russian crude.
India will continue to source energy from a wide range of suppliers and diversify imports when required, Foreign Secretary Vikram Misri said on Monday, stressing that the country’s priority is to ensure stable and affordable energy for consumers.
Addressing a media briefing in New Delhi, Misri said India’s energy policy aims to provide "adequate energy at the right price through reliable and secure supplies".
His statement came amid questions over India’s purchases of Russian oil, following remarks by US President Donald Trump last week that India had "committed to stop directly or indirectly" importing Russian crude.
Misri reiterated that India’s energy decisions are guided by consumer interests, with emphasis on availability, pricing and dependability.
He said India does not rely on a single source for crude oil and does not "intend to be". Instead, the country imports oil from a "mix of sources," determined by "objective market conditions".
He added that "national interests" remain the key factor guiding decisions by both the Indian government and domestic energy companies when sourcing energy.
Venkataraman joined Flipkart in 2015 and has been part of the company's leadership team through a period of growth and restructuring. During his tenure, he helped strengthen the company's financial operations.
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With multiple energy hubs under threat, the risk to global supply chains has increased sharply. For countries like India, which depend heavily on imports, this means higher costs and tighter supply in the near term.
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The reconstituted panel includes several key institutional representatives. These include members from the Life Insurance Council and the General Insurance Council, along with heads of important professional bodies.