India says priority is consumers after Trump comments on stopping Russian oil

Published
0
In this file photo, a view shows oil pump jacks outside Almetyevsk, in the Republic of Tatarstan, Russia on July 14, 2025. — Reuters/File
In this file photo, a view shows oil pump jacks outside Almetyevsk, in the Republic of Tatarstan, Russia on July 14, 2025. — Reuters/File

India said on Thursday that its energy priority was the interest of its citizens, after United States President Donald Trump said New Delhi had promised it will stop buying Russian oil.

New Delhi neither confirmed nor denied it was shifting policy towards Russia.

“It has been our consistent priority to safeguard the interests of the Indian consumer in a volatile energy scenario,” Indian Foreign Ministry spokesman Randhir Jaiswal said in a statement.

“Our import policies are guided entirely by this objective.”

Indian Prime Minister Narendra Modi has previously defended buying oil from Russia, a historic partner of India, despite Moscow’s invasion of Ukraine.

Trump in August raised tariffs on Indian exports to the US to 50 per cent, with Trump’s aides accusing India of fueling Russia’s war in Ukraine.

“Ensuring stable energy prices and secured supplies have been the twin goals of our energy policy,” Jaiswal added. “This includes broad-basing our energy sourcing and diversifying as appropriate to meet market conditions.”

Meanwhile, opposition leader Rahul Gandhi criticised PM Modi, saying that he was “frightened” of Trump and that he allows the US president to “decide and announce” that India will not buy Russian oil. The chief of the Congress party also said that Modi keeps sending congratulatory messages despite repeated snubs.

India, one of the world’s largest crude oil importers, relies on foreign suppliers for more than 85pc of its oil needs.

New Delhi traditionally relied on Middle East nations.

But since 2022, it shifted sharply toward discounted Russian crude, taking advantage of a buyer’s market created by Western bans on Moscow’s exports.

“Where the US is concerned, we have for many years sought to expand our energy procurement,” Jaiswal said.

“This has steadily progressed in the last decade. The current administration has shown interest in deepening energy cooperation with India. Discussions are ongoing.”

Follow Dawn Business on X, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Kashmir unresolved
Updated 30 Sep, 2026

Kashmir unresolved

The just solution lies in India addressing the issue through a trilateral dialogue involving the legitimate representatives of the Kashmiri people and Pakistan.
Water shortage
30 Sep, 2026

Water shortage

THAT the country is entering the Rabi season with an anticipated water shortage of nearly 25pc, the lowest carryover...
Young hearts
30 Sep, 2026

Young hearts

THE observance may have passed, but the message of World Heart Day should not fade with it. The occasion is a useful...
Terror and politics
Updated 29 Sep, 2026

Terror and politics

There is an urgent need to tone down the rhetoric and tackle terrorism as a collective challenge for both the affected provinces and the federation.
Watching the glaciers
29 Sep, 2026

Watching the glaciers

THE latest signs from Pakistan’s mountains are worrying. Suparco says the number of unfrozen glacial lakes it...
Dangerous agenda
29 Sep, 2026

Dangerous agenda

AS the world remains fixated on the US-Iran conflict, elsewhere in the Middle East, Israel is consolidating its grip...