India says priority is consumers after Trump comments on stopping Russian oil

Published
In this file photo, a view shows oil pump jacks outside Almetyevsk, in the Republic of Tatarstan, Russia on July 14, 2025. — Reuters/File
In this file photo, a view shows oil pump jacks outside Almetyevsk, in the Republic of Tatarstan, Russia on July 14, 2025. — Reuters/File

India said on Thursday that its energy priority was the interest of its citizens, after United States President Donald Trump said New Delhi had promised it will stop buying Russian oil.

New Delhi neither confirmed nor denied it was shifting policy towards Russia.

“It has been our consistent priority to safeguard the interests of the Indian consumer in a volatile energy scenario,” Indian Foreign Ministry spokesman Randhir Jaiswal said in a statement.

“Our import policies are guided entirely by this objective.”

Indian Prime Minister Narendra Modi has previously defended buying oil from Russia, a historic partner of India, despite Moscow’s invasion of Ukraine.

Trump in August raised tariffs on Indian exports to the US to 50 per cent, with Trump’s aides accusing India of fueling Russia’s war in Ukraine.

“Ensuring stable energy prices and secured supplies have been the twin goals of our energy policy,” Jaiswal added. “This includes broad-basing our energy sourcing and diversifying as appropriate to meet market conditions.”

Meanwhile, opposition leader Rahul Gandhi criticised PM Modi, saying that he was “frightened” of Trump and that he allows the US president to “decide and announce” that India will not buy Russian oil. The chief of the Congress party also said that Modi keeps sending congratulatory messages despite repeated snubs.

India, one of the world’s largest crude oil importers, relies on foreign suppliers for more than 85pc of its oil needs.

New Delhi traditionally relied on Middle East nations.

But since 2022, it shifted sharply toward discounted Russian crude, taking advantage of a buyer’s market created by Western bans on Moscow’s exports.

“Where the US is concerned, we have for many years sought to expand our energy procurement,” Jaiswal said.

“This has steadily progressed in the last decade. The current administration has shown interest in deepening energy cooperation with India. Discussions are ongoing.”

Follow Dawn Business on X, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

GB Assembly’s demand
Updated 21 Jul, 2026

GB Assembly’s demand

THE newly elected Gilgit-Baltistan Assembly last week adopted a unanimous resolution asking the centre to grant the...
Spain’s statement
21 Jul, 2026

Spain’s statement

IT was a one-sided affair for the most part. The FIFA World Cup 2026 concluded in the early hours of Monday for...
Slow death
21 Jul, 2026

Slow death

MANCHHAR Lake, which is situated at the foot of the Kirthar range, was once Pakistan’s largest freshwater body ...
Unmasking stability
Updated 20 Jul, 2026

Unmasking stability

THREE reports last Friday — a widening food trade gap, return to a current account deficit, and the government’s...
Flood data gap
20 Jul, 2026

Flood data gap

HAVING endured one of its worst floods last year — triggered by intense monsoons and compounded by sudden water...
Zero-dose alert
20 Jul, 2026

Zero-dose alert

ALTHOUGH Pakistan recently announced its first National Vaccine Policy, it will take time before the immunity gap ...