‘Oil prices would have hit $120-130’: India says its...

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‘Oil prices would have hit $120-130’: India says its oil imports from Russia helped global markets; Hardeep Puri hits out at critics

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Hardeep Puri, India's Petroleum Minister, asserts that India's continued Russian oil imports have stabilized global energy prices. Discontinuing this trade would have caused prices to surge past $120 per barrel. Despite Western restrictions, India increased Russian oil procurement, preventing a significant global supply disruption, he has said.

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