FILE PHOTO: India’s Oil Minister Dharmendra Pradhan speaks at a road show organised by the Directorate General of Hydrocarbon (DGH) in Mumbai, India, October 26, 2017. REUTERS/Shailesh Andrade
NEW DELHI (Reuters) – India will get additional supplies from other major oil producing countries to compensate for loss of Iranian oil, India’s Petroleum and Natural Gas Minister Dharmendra Pradhan tweeted on Tuesday.
The United States on Monday demanded that buyers of Iranian oil stop purchases by May 1 or face sanctions, ending six months of waivers which had allowed Iran’s eight biggest buyers, most of them in Asia, to continue to import limited volumes.
Pradhan said India has put in place a robust plan for adequate supply of crude oil to refineries.
“Indian refineries are fully prepared to meet the national demand for petrol, diesel and other petroleum products,” he said.
Reporting by Nidhi Verma; Editing by Martin Howell