Looking at diverse sources: India

India Thursday said its crude oil purchases are based on securing energy security from “diverse” sources at affordable prices and it is studying the implications of the latest US sanctions on Russian oil companies Lukoil and Rosneft.

- PRESS TRUST OF INDIA

The remarks by External Affairs Ministry Spokesperson Randhir Jaiswal came amid indications that Indian refiners are slowly reducing procurement of subsidised Russian crude oil and looking at imports of petroleum products from the US.

Jaiswal also said that India and the US remained engaged to conclude a trade deal. His remarks came a day after US President Donald Trump said in South Korea that the US is “doing a trade deal with India”.

The external affairs ministry spokesperson, responding to questions on American sanctions on the two Russian oil giants at his weekly media briefing, said New Delhi is studying the implications.