The government acknowledged awareness of a US bill suggesting a significant tariff increase on energy products, including oil, from Russia. The Ministry of External Affairs spokesperson, Randhir Jaiswal, stated that stable energy prices and secure supplies are key focuses of India’s energy policy. Jaiswal emphasized that India’s energy sourcing strategy is based on global dynamics and the need to provide affordable energy to its vast population.
India has consistently prioritized safeguarding the interests of its consumers in the face of a volatile global energy market. The country’s import policies for oil and gas are solely driven by this objective. The government’s approach includes diversifying energy sourcing to adapt to market conditions and ensure stable prices and supplies.
In recent years, India has aimed to expand its energy procurement, with a particular focus on deepening energy cooperation with the US. The current administration has shown interest in enhancing energy ties with India, reflecting a positive trend in bilateral discussions and cooperation.
