India’s decision to buy oil from Russia amidst the global energy crisis played a crucial role in preventing a drastic rise in global oil prices, according to Union Petroleum and Natural Gas Minister Hardeep Singh Puri. In an interview with CNN, Puri stated that if India hadn’t purchased Russian oil, prices could have reached $200 per barrel, impacting consumers worldwide. He also highlighted India’s strategic oil decisions and the global market dynamics that influenced the country’s oil imports.
