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India's legitimate energy transactions should not be politicised, say govt sources

  India’s legitimate energy transactions should not be politicised and countries self-sufficient in oil or those themselves importing from Russia cannot credibly advocate restrictive trading, government sources said on Friday.
The assertion came amid some criticism against India over its position that it is open to buying discounted crude oil from Russia.
Sources said the jump in oil prices following the Ukraine conflict added to India’s challenges and pressure for competitive sourcing has naturally increased.
They said Russia has been a marginal supplier of crude oil to India and it is less than one per cent of the country’s requirement, adding there is no government-to-government arrangement for the import.
“India has to keep focusing on competitive energy sources. We welcome such offers from all producers. Indian traders too operate in global energy markets to explore best options,” said a source.
Russia has offered discounted crude oil in the wake of the Western sanctions on it following its military aggression against Ukraine.
External Affairs Ministry Spokesperson Arindam Bagchi on Thursday did not rule out buying discounted crude oil from Russia saying India looks at all options at all points of time as a major importer of oil.
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