Russia among India’s top three oil suppliers: Govt sources

Russia among India’s top three oil suppliers: Govt sources

New Delhi: Russia is among India's top three crude oil suppliers and New Delhi will exercise its choice to buy oil from any country including Russia, sources said on Friday. Russia was not a major crude supplier to India ten months back. The other two top three crude suppliers to India are Iraq and Saudi Arabia.

Petroleum ministry sources said there is an assurance from oil suppliers and there is no possibility of disruption. They also said there is no pressure not to buy oil from Russia.

Media reports have said EU member states are close to an agreement on a USD 60 per barrel Russian oil price cap.

Petroleum Ministry sources said the issue was are not very clear still and there will be more on the matter if and when the final price is announced.

They said Russia is one of the oil suppliers and India sources its oil requirements from about 30 countries.

The sources also said there is no under-recovery in LPG and it is there only in diesel and petrol for oil companies.

"We will be requesting the Finance Ministry to compensate under recovery. We will be approaching Finance Ministry soon with our demand. We are working out a realistic estimate