Oil strategy guided by national interest: Foreign secretary Vikram Misri | India News - The Times of India
India’s approach to oil procurement is guided strictly by national interest, according to Foreign Secretary Vikram Misri. He explained that the government prioritizes energy security, economic stability, and affordable fuel access for citizens while making oil-related decisions. Misri emphasized that India evaluates global oil markets pragmatically, considering price, availability, and reliability of supply rather than political pressure. He also highlighted that as a rapidly growing economy with high energy demand, India must ensure uninterrupted oil supplies to support development and industrial growth. The foreign secretary noted that India maintains transparent and lawful trade practices, aligning with international norms while safeguarding domestic needs. He reaffirmed that energy policy decisions are taken independently, balancing diplomatic relations with economic realities. India continues to diversify its oil sources to reduce risk and strengthen resilience against global market disruptions. Overall, the government’s oil strategy reflects long-term national priorities rather than short-term geopolitical considerations.
The Key points
- India’s oil policy prioritizes national interest above external pressure
- Energy security remains a top government priority
- Oil decisions focus on affordability and supply stability
- Economic growth drives rising energy demand
- India follows transparent and legal trade practices
- Global oil markets are assessed pragmatically
- Diplomatic balance is maintained alongside economic needs
- Diversification of oil sources reduces supply risks
- Long-term strategy guides energy procurement
- Policies aim to protect consumers and industry alike
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