At an event in London, External Affairs Minister S Jaishankar asserted India’s role in stabilising global oil and gas prices through its strategic purchase policies during the Russia-Ukraine war and said he was waiting for the “thank you”.
During a conversation hosted by the High Commission of India in London, titled “How a billion people see the world,” Jaishankar said, “So we’ve actually softened the oil markets and the gas markets through our purchase policies. We have, as a consequence, actually managed global inflation. I am waiting for the thank you.”
He added that India’s approach to oil purchases prevented a surge in global oil prices, preventing potential competition with Europe in the market.