Investing.com -- India has maintained its purchase of Russian oil independent of United States sanctions waivers, according to Sujata Sharma, a joint secretary in the petroleum ministry, who spoke at a media briefing on Monday.

"Regarding (the) American waiver on Russia, I would like to emphasize that we have been purchasing from Russia earlier ... I mean before waiver also, during waiver also, and now also," Sharma said.

The official stated that commercial considerations drive India's purchasing decisions rather than waiver status. "It is basically the commercial sense which should be there for us to purchase," she said.

Sharma added that India faces no crude oil shortage, with adequate supplies secured. "Enough crude has been tied up repeatedly ... and this, whatever waiver or no waiver, it will not affect," she said.

The petroleum ministry also disclosed that state fuel retailers are experiencing daily revenue losses of approximately 7.5 billion rupees on fuel sales. Despite these losses, the government has no plans to provide financial support to state refiners.