Close X
Tuesday, November 26, 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

Punjab will never accept separatist forces: Youth Congress

Punjab will never accept separatist forces: Youth Congress
Charging Delhi Chief Minister Arvind Kejriwal with colluding with separatist forces to attain power, the Youth Congress said Punjab will never accept separatist forces. Youth Congress members tried to take out a march but were stopped by the police just outside their office at Raisina Road.

Punjab will never accept separatist forces: Youth Congress

IED found in rented Delhi home after bomb threats, hunt on for suspects

IED found in rented Delhi home after bomb threats, hunt on for suspects
The house from where the device was recovered belongs to a man named Kasim and he had given it to some people who are now missing. A manhunt has been launched for them.

IED found in rented Delhi home after bomb threats, hunt on for suspects

Modi to inaugurate Asia's largest Bio-CNG plant in Indore on Feb 19

Modi to inaugurate Asia's largest Bio-CNG plant in Indore on Feb 19
The plant will be operated using 100 per cent wet waste, which is estimated to produce around 18,000 kg gas per day. Indore Municipal Corporation has estimated that the amount of Bio-CNG will help to run around 400 buses in the city daily.

Modi to inaugurate Asia's largest Bio-CNG plant in Indore on Feb 19

NCB to probe 25 drug cases suspected to have international links

NCB to probe 25 drug cases suspected to have international links
Union Home Minister Amit Shah had recently urged states to work jointly with the NCB to unearth the larger conspiracy of drug rackets having national and international links.

NCB to probe 25 drug cases suspected to have international links

Criminal case filed against Punjab CM in Bihar

Criminal case filed against Punjab CM in Bihar
The BJP's youth wing came forward to file a FIR in Patna as well. Bharatiya Janata Yuva Morcha (BJYM) Vice President Manish Singh moved an application in Kadam Kuan police station to register an FIR against Channi.

Criminal case filed against Punjab CM in Bihar

Two more held in BJP leader Avijit Sarkar murder case

Two more held in BJP leader Avijit Sarkar murder case
The CBI had recently declared a cash reward of Rs 50,000 on seven accused involved in the case. It had declared rewards on Arun Dey, Sukhdeo Poddar alias Sukha, Gopal Das alias Bishal Paul, Saurav Dey alias Guddu, Rahul Dey, Biswajit Das alias Bompa, and Amit Das.

Two more held in BJP leader Avijit Sarkar murder case