NEW DELHI, April 23 (Xinhua) -- Indian government on Tuesday said that it was fully prepared to meet the country's demand for petrol, diesel and other petroleum products following the announcement by the U.S. to discontinue the "Significant Reduction Exemption" to all purchasers of crude oil from Iran.
"The government has noted the announcement by the U.S. to discontinue the Significant Reduction Exemption to all purchasers of crude oil from Iran. We are adequately prepared to deal with the impact of this decision," said an official statement issued by the ministry of external affairs.
It added: "Government will continue to work with partner nations, including with the U.S., to find all possible ways to protect India's energy and economic security interests."
Meanwhile, Minister of Petroleum and Natural Gas Dharmendra Pradhan also said that there will be additional supplies from other major oil producing countries to meet the country's demand.
