India says it will maintain multiple sources of energy supply

Record ID: 2338946

  • Title: India says it will maintain multiple sources of energy supply
  • Date: 9th February 2026
  • Summary: NEW DELHI, INDIA (FEBRUARY 09, 2026) (ANI - No use India) INDIAN FOREIGN MINISTRY SECRETARY VIKRAM MISRI, AND OTHER OFFICIALS SITTING IN PANEL (SOUNDBITE) (English) INDIAN FOREIGN MINISTRY SECRETARY, VIKRAM MISRI, SAYING: "We have to be conscious about our resource availability. Naturally, when you are dependent to the extent of 80-85% on an imported resource, you have to
  • Embargoed:
  • Keywords: India Russian oil consumer interest crude sourcing diversification energy inflation energy security fuel prices global markets import dependence market conditions multiple sources oil imports oil policy price stability private refiners public sector strategic autonomy supply chains supply security
  • Location: NEW DELHI, INDIA
  • City: NEW DELHI, INDIA
  • Country: India
  • Topics: Asia / Pacific,Government/Politics,International Trade
  • Reuters ID: LVA001NU2S1FZ
  • Aspect Ratio: 16:9
  • Story Text: India's crude oil import strategy will remain focused on energy security, affordability, and consumer interest, even as scrutiny grows over its purchases of Russian oil, Indian Foreign Ministry Secretary Vikram Misri said on Monday (February 9).
    At a media briefing, Misri said India, which depends on imports for about 80-85% of its energy needs, must guard against inflation risks and ensure stable and reliable supplies amid global market volatility.
    "We are neither dependent on any single source for this, nor do we intend to be. Our approach is to maintain multiple sources of supply and diversify them as appropriate to ensure stability," Misri said, adding that oil companies take sourcing decisions based on market conditions.
    His remarks followed comments by Donald Trump on India's Russian oil purchases, while the Kremlin said India's diversification plans were not new, with Reuters reporting refiners have sought alternative supplies under sanctions pressure.
  • Copyright Holder: ANI (India)
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