There is no payment problem for Russian crude, Petroleum and Natural Gas Minister Hardeep Singh Puri said on Wednesday.
He said there is no proposal to cut retail fuel prices at the moment.
Addressing a press conference, the minister said India enjoys a buyers’ position and foreign suppliers are approaching Indian companies with offers to sell oil.
“I have not received any inputs from our companies regarding supplies stopping due to payment problems,” he said. Instead, imports from Russia currently stand at 1.5 million barrels per day, he added. India buys the majority of Russian oil in UAE dirhams.
