'Will India buy big volumes of Venezuelan oil?': MEA links price tag as key factor

India states that it will buy crude oil from wherever it is available at competitive prices, as the MEA says, “we will go where there is oil at a good price.” The government clarifies that oil import decisions are driven by price, commercial viability, and energy security, not by shifting from one supplier to another. India also says it will continue diversifying energy sources to ensure stable supply amid global market volatility.