India will continue to purchase crude from all sources, including Russia, according to a top official

According to a senior source from the Ministry of Petroleum and Natural Gas, India would keep purchasing oil from anywhere it can, including Russia.

"We will keep making purchases from wherever we need to. As of right now, no nation is off our list, the official declared.

The nations of the European Union decided to cap the price of Russian oil at $60 per barrel on December 1. Governments of the EU must yet formally approve the accord.

According to a representative of the petroleum ministry, we are awaiting additional information regarding the EU sanctions.

The G7, which consists of the European Union as a "non-enumerated member," Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States, had agreed to implement a price cap on Russian oil exports by December 5 in order to reduce its largest source of income.

Russia, on the other hand, issued a warning, stating that it would stop exporting oil to nations that set a price cap on Russian crude, causing the world oil markets to become unstable.

Hardeep Singh Puri, the Union Minister for Petroleum and Natural Gas, has frequently stated that India will study the possibility of a price ceiling on Russian oil and will react in accordance with its paramount national interest.

Following Russia's invasion of Ukraine, several European nations, the largest consumers of Russian oil, slapped sanctions on the country.

Russia has joined the list of India's top crude oil suppliers and is currently giving India oil at a discount.