India's choice to purchase oil from Russia during global uncertainty has helped prevent a steep increase in global oil prices, according to Union Petroleum and Natural Gas Minister Hardeep Singh Puri. In a recent interview with CNN, Puri explained India's decision to maintain oil imports from Russia, which he believes has benefited the global economy by stabilising oil prices.

Speaking to CNN’s Becky Anderson during the ADIPEC event in Abu Dhabi, Puri stated that, without India's oil imports from Russia, the price of global crude could have surged to $200 a barrel, which would have affected all consumers worldwide. According to ANI, Puri remarked, “If we had not bought Russian oil, the price would have gone up to $200 per barrel for everyone."