India, May 2 -- Pakistan's Petroleum Minister Ali Pervaiz Malik has drawn a comparison between India and Pakistan amid the ongoing global oil crisis, stating that India has remained relatively stable due to stronger financial and energy reserves.

Speaking during the ongoing geopolitical tensions affecting oil supply routes, Malik said India's strategic petroleum reserves and robust foreign exchange reserves have helped it absorb the shock caused by disruptions in the Strait of Hormuz.

He noted that India's ability to maintain large reserves and its independence from bailout programmes of the International Monetary Fund have provided it with greater flexibility in managing fuel prices. According to him, India also used fiscal tools such ...