Govt hasn't directed oil firms anything on Russian imports

The Indian government has neither instructed oil companies to halt nor continue the import of Russian crude oil, instead allowing them the autonomy to make procurement decisions based solely on economic considerations, Hindustan Petroleum Corporation Ltd (HPCL) Chairman Vikas Kaushal said on Friday.

- ENS ECONOMIC BUREAU @ New Delhi

Speaking during an investor call, Kaushal emphasised that a complete stoppage of oil imports from Russia would not have any "significant" impact on HPCL's operations.

"There is no guidance or direction from the government to either stop or continue importing Russian oil," Kaushal stated.

"We are free to make import decisions based purely on commercial merits."