The Ministry of External Affairs (MEA) stated that India has aimed to diversify energy procurement for many years, prioritising stable prices and secure supplies. The current US administration has shown interest in strengthening these energy ties.

Despite previous US tariff hikes, India’s exports to the US rose to $45.82 billion in the first half of the current financial year, a 13.3% increase from last year. The government sees potential to import $12–13 billion worth of crude oil and natural gas from the US without changing refinery configurations.

India is also likely to source more renewable energy technologies from the US as part of the trade discussions. Chief Negotiator Rajesh Agrawal is already in the US, working with the negotiating team to finalise bilateral commitments and boost climate-friendly energy cooperation.

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India is also seeking the removal of the additional 25 per cent tariff on Russian oil, stressing that the country should not be singled out. External Affairs Minister S. Jaishankar raised concerns over “double standards” in access to energy and food supplies during the G20 Foreign Ministers’ meeting.

Jaishankar met US Secretary of State Marco Rubio in New York, emphasizing sustained engagement on trade and priority areas. Commerce and Industry Minister Piyush Goyal and US Trade Representative Jamieson Greer also participated in the discussions, which focused on trade, tariffs, and broader bilateral issues.

The Ministry of Commerce and Industry described the meetings as constructive. Rubio indicated the Trump administration may reconsider the additional Russian oil tariffs on India. MEA officials reiterated that India’s stance remains firm on energy purchases and fairness, highlighting statements urging European nations to curb Russian oil imports without imposing double standards.

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