Russian Oil News: The Strait of Hormuz has been blocked due to the ongoing tension between the US and Iran. Due to this, America has imposed a ban on buying crude oil from Iran. In such a situation, this question was arising in the minds of people that from where will the Indian government buy oil? However, the government itself has responded to this concern.

Will India buy oil from Russia?
Recently the Indian Petroleum Ministry had held a press briefing. In which Sujata Sharma, Joint Secretary of the Ministry, has told from where India will buy oil now. Talking about this, Sujata said, ‘Regarding the exemption given by America on Russia, I would like to make it clear that we have been purchasing from Russia even before the exemption, during the exemption and even now.’

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Decision depends on commercial consideration
During this, Sujata Sharma also told that the decision to buy crude oil depends on commercial consideration and availability of supply. He said, ‘This is completely commercial sense, which we should have at the time of purchase.’ During this, Sujata Sharma has also mentioned that there are abundant oil reserves in the country. There is no shortage of it anywhere.

Let us tell you that recently the prices of petrol and diesel have been increased in the country. The prices of both have increased by Rs 3 per liter. Which has completely affected the pockets of the common man. Due to the ongoing tension in the Middle East, the prices of crude oil are increasing in the international market. This is affecting inflation in India also. The government has also said that the times to come may be difficult. In such a situation, reduce oil consumption as much as possible.

Also read: LPG News: Is there any stock of oil and gas left in the country or not? The government answered the question, said- From the Hormuz crisis…