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BP is also looking to invest in India's EV charging infrastructure to support BluSmart, as well as battery storage and energy management to solve India's challenges around peak power demand.

Brent crude prices have also priced in an additional hit to global oil demand of 1.5 million barrels per day for the next three months from the impact of COVID-19 in Europe and China, Goldman said.

The company now plans to expand to include Arkansas and other locations in Oklahoma, for research and development, software development, customer support and finance centers.

Brent futures rose $2.61, or 3.3%, to settle at $82.31, while U.S. West Texas Intermediate (WTI) crude rose $1.75, or 2.3%, to settle at $78.50.

Imports rose 11.1% to 17.09 million tonnes from the same month a year earlier, according to data on the website of the Petroleum Planning and Analysis Cell.

The government official said the release from India's strategic petroleum reserve (SPR) was "a symbolic gesture" as it needed to create space as part of efforts to make money from renting out the storage and was already selling the oil.

Ahead of the OPEC+ meeting next week to set output policy, Puri blamed the key producers for keeping supplies lower than demand.

Oil fell with global equities markets on fears the variant, could dampen economic growth and fuel demand.