Ethanol blending hiked from 1.5% to 10% since 2013-14: Govt - New Delhi News

He said that India has been able to navigate through the most formidable energy crisis the world has seen since the 1973 oil crisis thanks to its energy security strategy focussing on diversification of energy supplies, increasing India's exploration and production footprint, and meeting energy transition through gas-based economy, Green Hydrogen and electric vehicles.

Puri said that India has increased the number of its crude oil suppliers from 27 countries in 2006-07 to 39 in 2021-22, adding new suppliers like Columbia, Russia, Libya, Gabon, and Equatorial Guinea among others.

"At the same time, we haveA strengthened our relationship with countries like US and Russia," he added.

The minister further said that diesel prices, which in India between December 2021 and December 2022 rose by only 3 per cent, went up by 34 per cent in the US, 36 per cent in Canada, 25 per cent in Spain, and 10 per cent in the UK.