Congress MP Shashi Tharoor Wednesday said the country should make efforts to continue oil supplies from Iran against the backdrop of US sanctions as Iranian oil is the cheapest it could get.
As per the sanctions, any country or company that violates the sactions can itself come under it, he said.
The European Union (EU) has come up with a collective position saying they will work out their own arrangements to trade with Iran despite the sanctions and in Euros rather than in dollars, he said.
It will be interesting to see how that works and whether there is some way for a country like India, he said.
"Because, for us, Iranian oil is the cheapest and easiest oil to get," Tharoor, Chairman of Standing Committee on External Affairs, said.
It would be expensive for the country if it ends up buying American oil (stopping supplies from Iran), he said.
"I don't want to give you a definitive answer. Because, I am not in the government. I don't know what the government is thinking," the congress leader said.
Tharoor, however, said the country should resist for as long as possible having to stop supplies from Iran.
"Keep it going for as long as possible. But, in the end, explore and we can find another way of sustaining those supplies rather than giving in to the US and ending up having to pay much more for our oil," he said.
Tharoor, who was speaking at an interactive session at the Indian School of Business (ISB) here, was replying to a question on India vis-a-vis US sanctions.
About the recent Supreme Court verdict permitting women of all ages to enter the Lord Ayyappa shrine at Sabarimala, he said an issue that confronted the court in deciding the case was, "does the yardstick of rational legislation and constitutional reasoning apply to matters of faith."
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