Following a claim by US President Donald Trump that India will no longer buy oil from Russia, government sources have clarified India’s position. According to sources reporting to India Today, oil purchases are dictated by market forces and there are no reports of Indian oil firms halting any deals with Russia. The government’s stance is that its energy sourcing requirements are based on market availability and the prevailing global situation, with competitive pricing being a key factor. This development comes as India and the United States navigate a trade deal, for which a deadline has been extended by a week. As stated by a government source, “purchases are driven by market forces, no reports on oil firms halting any kind of deal.” US representatives are expected to visit India in the next fortnight to discuss the framework of the trade agreement.
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