Parliament Piyush Goyal – Piyush Goyal in Rajya Sabha (PTI photo) Development of international mobility at core of oil strategy: Goyal New Delhi: Commerce and Industry Minister Piyush Goyal said in Parliament on Wednesday that ensuring energy security of 1. 4 billion Indians will be the government’s “top priority”, indicating that any change in crude oil suppliers will not lead to an increase in the pump price.

Goyal said India has secured its “core sensitivities” in food and agriculture in the US deal. “Equally, this partnership will open up new opportunities for MSMEs.

skilled workers and industry, enable access to advanced technology and support Make in India for the world,” he said. In the backdrop of US President Donald Trump’s claim that India has decided to stop purchasing Russian oil to secure a trade deal.

While Russia remains India’s top source, its share in imports has declined due to reduced discounts. In recent years, India has started taking oil from 41 countries, whereas a few years ago it was from 27 countries. Separately, Russia said India was free to buy oil from anywhere and media reports quoted the Russian Foreign Ministry as saying that “there is no reason to believe that our Indian friends have reconsidered their stance on buying oil”.

A spokesperson for the Ministry of External Affairs said, “We are convinced that the purchase of Russian hydrocarbons by India is beneficial to both countries and contributes to maintaining stability in the international energy market. We stand ready to continue close cooperation in this area with our partners in India.

” For one year. “I would like to underline that this rate is lower than the tariffs imposed by the US on many competing countries, which will enhance India’s export competitiveness in the US market.

This agreement provides significant comparative advantages to Indian exporters, especially in labor-intensive sectors and manufacturing,” Goyal said. America is India’s largest export destination.