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Crude Prices Will Come Down as New Sources of Supplies Are Coming
The Business Guardian
|July 18, 2025
Union Minister for Petroleum and Natural Gas, Hardeep Singh Puri, on Thursday expressed optimism about a potential decline in oil prices, citing India's efforts to diversify its sources of energy imports.
"The price of oil will come down as more sources of supplies are coming. We have enough oil around," said the minister, highlighting India's proactive strategy in securing energy supplies from a wider range of countries.
Addressing concerns over potential US sanctions, Puri said. "I am not worried at all. If something happens, we will deal with it," he said, adding, "Ek darwaja Band hota hai to doosra khul jata hai" (when one door closes another one opens).
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