India says it will maintain multiple sources of energy supply

Published February 9, 2026
A model of an oil pump jack and oil barrels are seen in front of Russian and Indian flags in this illustration taken, December 9, 2022. — Reuters
A model of an oil pump jack and oil barrels are seen in front of Russian and Indian flags in this illustration taken, December 9, 2022. — Reuters

India plans to maintain multiple sources of energy supply and diversify them when needed as New Delhi looks to ensure consumers receive “adequate energy at the right price through reliable and secure supplies”, Indian Foreign Secretary Vikram Misri said on Monday.

Misri was responding to a question at a media briefing seeking clarity on India’s position on the purchase of Russian oil after US President Donald Trump said last week that New Delhi had “committed to stop directly or indirectly” importing it.

“India’s priority is to safeguard the interests of its consumers through an energy policy driven by adequate availability, fair pricing, and reliability of supply,” Misri said.

He added that India was neither dependent on any single source for crude oil nor did it “intend to be”, importing from a “mix of sources” depending on “objective market conditions”, adding that “national interests” guide both the government and Indian energy companies.

Last week, Trump signed an executive order lifting the punitive 25% tariff on all imports from India over its purchase of Russian oil.

The Kremlin earlier said it saw nothing new in India’s announcement that it would diversify its energy sourcing.

India’s Russian oil imports slipped in January as refiners sought more alternative barrels under Western sanctions pressure and US-India trade talks, Reuters reported.

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

Opinion

A changed world

A changed world

The phrase ‘security provider’ sounds impressive but there is little clarity on what it means for the country.

Editorial

Bannu attack
Updated 12 May, 2026

Bannu attack

The security narrative and strategy of the KP government diverges considerably from the state’s position.
Cotton crisis
12 May, 2026

Cotton crisis

PAKISTAN’S cotton economy is once again facing a crisis that exposes the country’s flawed agricultural and...
Buddhist heritage
12 May, 2026

Buddhist heritage

THE revival of Buddhist chants at the ancient Dharmarajika Stupa in Taxila after nearly 1,500 years is much more ...
New regional order
Updated 11 May, 2026

New regional order

The fact is that the US has only one true security commitment in the Middle East — Israel.
A better start
11 May, 2026

A better start

THE first 1,000 days of a child’s life often shape decades to come. In Pakistan, where chronic malnutrition has...
Widening gap
11 May, 2026

Widening gap

PAKISTAN’S monthly trade deficit ballooned to $4.07bn last month, its highest level since June 2022, further...