Close X
Friday, November 15, 2024
ADVT 
India

Govt looking for alternative market for fuel purchase: Puri

Darpan News Desk IANS, 14 Mar, 2022 01:08 PM
  • Govt looking for alternative market for fuel purchase: Puri

New Delhi, March 14 (IANS) Union Minister for Petroleum Hardeep Singh Puri on Monday informed the Rajya Sabha that the government is looking for an alternate market for fuel purchase amid the ongoing Russia-Ukraine conflict.

Responding to a question during 'Question Hour', he said that the government has been exploring all options such as currency to facilitate purchase, supply of oil in markets, insurance and freight.

In response to Congress lawmaker Shakti Singh Gohil's question whether the government intends to reduce diesel rates, the Minister said that the prices of diesel were deregulated. "Whenever we felt that the common man needed more relief, we went ahead and reduced the price. In November 2021, we brought down the fuel prices by Rs 10," Puri said in the House.

Congress MP K.C. Venugopal said that petrol prices have increased 63 times and diesel 61 times. He also said that since November, the government has not hiked the price and asked whether the price will remain the same or will be a hike or not.

The Petroleum Minister also informed that Venezuela is a country which was subjected to sanctions by another country. He further said that there was hope and expectation that oil from other sanctioned countries would become available, the Organisation of Oil Exporting Countries (OPEC) countries would increase their oil production and there would be persuasion by the international community in this regard.

Puri also said that neither the union government nor the oil companies are going to float oil bonds.

"All legitimate steps would be taken to maintain prices of oil," he said.

MORE India ARTICLES

Indo-Canadians term Canada's ban on flights from India as 'discriminatory'

Indo-Canadians term Canada's ban on flights from India as 'discriminatory'
Canada's decision to ban direct flights from India till September 21 while allowing vaccinated family-class passengers and students from all other countries has not gone down well with the Indo-Canadian community. As a result of the ban, Indian students and family-class returnees are taking indirect routes to reach Canada, costing them $4,000-$6,000 per person.

Indo-Canadians term Canada's ban on flights from India as 'discriminatory'

PM Modi's claims on MSP 'incorrect', says Samyukt Kisan Morcha

PM Modi's claims on MSP 'incorrect', says Samyukt Kisan Morcha
The Samyukt Kisan Morcha on Wednesday claimed that the Independence Day announcement by Prime Minister Narendra Modi that the Minimum Support Price (MSP) has been increased by 1.5 times is incorrect and the announced MSP is not being realised by all farmers despite his commitment in the Parliament.

PM Modi's claims on MSP 'incorrect', says Samyukt Kisan Morcha

Fugitive godman Nithyananda names himself as Madurai Aadheenam's 293rd pontiff

Fugitive godman Nithyananda names himself as Madurai Aadheenam's 293rd pontiff
The incumbent pontiff, Arunagirinatha Gnanasambantha Desika Paramacharya Swamigal, passed away at a private hospital in Madurai on August 13 due to respiratory illness. He had been the pontiff of Madurai Aadheenam for four decades.

Fugitive godman Nithyananda names himself as Madurai Aadheenam's 293rd pontiff

BJP holds protest near Pak High Commission against vandalization of Ranjit Singh's statue

BJP holds protest near Pak High Commission against vandalization of Ranjit Singh's statue
BJP Delhi Yuva Morcha president Vasu Rukhar told IANS that the Pakistan government must apologise and install a grand statue of Maharaja Ranjit Singh where it was demolished in Lahore.

BJP holds protest near Pak High Commission against vandalization of Ranjit Singh's statue

WHO identifies counterfeit versions of Covishield in India

WHO identifies counterfeit versions of Covishield in India
The doses were seized by authorities in India and Africa between July and August, a WHO statement said. It also said the vaccine's maker, the Serum Institute of India, confirmed that the doses were fake.

WHO identifies counterfeit versions of Covishield in India

Medical tourism in Gurugram hit by Afghan crisis, Covid

Medical tourism in Gurugram hit by Afghan crisis, Covid
Prominent hospitals in Gurugram have claimed that a huge dip in admission of foreign nationals have been witnessed due to the ongoing Covid pandemic, while the latest political tussle in Afghanistan will also have a huge impact on medical tourism in Gurugram.

Medical tourism in Gurugram hit by Afghan crisis, Covid