Petroleum Minister Hardeep Puri meets Canadian Trade Minister to debate hydrocarbons commerce

Union Petroleum Minister Hardeep Singh Puri met Canada’s Minister for International Trade Maninder Sidhu Wednesday (November 12, 2025) to debate bilateral hydrocarbon commerce between the 2 nations. Mr. Puri wrote in a social media submit on X that the bilateral hydrocarbons commerce that scaled $226.45 million within the fiscal 12 months 2024-25 additionally has “substantial upside potential”. 

The assembly is a part of Mr. Sidhu’s official go to to India whereby the North American nation is looking for to “discover alternatives to advance commerce and funding linkages” between the 2 nations. 

Specifically on the vitality entrance, Ottawa is looking for to diversify their avenues for hydrocarbons exports, which is presently exporting majorly to the U.S., and has been on the receiving finish of U.S. President Donald Trump-induced tariff regime. Canadian-origin items face a 35% tariff for his or her exports to the U.S. In 2024, it exported 6.3 million barrels of oil equal per day to 110 nations with U.S. alone receiving 94.4% of them.  

India, however, at present faces 50% tariffs on their exports to Washington, together with a 25% penalty for purchasing Russian oil. Whilst negotiating for a beneficial commerce deal, India has been steadfast in sustaining their dedication to vitality safety.  

Reflecting on a possible diversification avenue with Ottawa, Mr. Puri acknowledged, “Indian vitality entities have a strong and quickly rising international footprint in upstream oil and fuel sector below the management of Prime Minister Narendra Modi, and supply collaboration alternatives to additional develop the basket of nations from the place we supply crude, LPG and LNG.”