Global oil prices "would have hit the roof" if big importer India had not bought oil from Russia following the Ukraine war, India's oil minister said, adding that prices would determine where the country buys oil from.

On Friday, Union Minister Hardeep Singh Puri shared that global oil prices would have surged significantly had India not imported oil from Russia. Addressing India’s energy strategy, Puri noted that without these purchases,

Hardeep Singh Puri said that Russian oil was not subject to sanctions and there was only a price cap, which he assured Indian entities adhered to. Puri pointed out that many other European and Asian nations made significant energy purchases from Russia.

India's purchase of Russian oil has helped stabilize global oil prices, asserted Union Minister Hardeep Singh Puri. He emphasized that India's energy strategy prioritizes affordability, availability,

Union Minister for Petroleum and Natural Gas Hardeep Singh Puri said India’s decision to continue purchasing oil from Russia amid the ongoing global energy crisis has helped prevent a sharp rise in oil prices.