Close X
Saturday, November 16, 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

Yogi launches 'MyGov-Meri Sarkar' portal

Yogi launches 'MyGov-Meri Sarkar' portal
Speaking on the occasion, the Chief Minister said that through this portal, the government will receive feedback from the people and also inform them about the various schemes of the government.

Yogi launches 'MyGov-Meri Sarkar' portal

3 dead after consuming spurious liquor in MP

3 dead after consuming spurious liquor in MP
According to officials, several people of Khakrai village had allegedly consumed alcohol on Saturday, after which three persons died on Saturday and Sunday. As the incident came to light, State Excise Minister Jagdish Devda assured strict action.

3 dead after consuming spurious liquor in MP

Mamata sets out for Delhi with an agenda

Mamata sets out for Delhi with an agenda
Banerjee left for Delhi at 3.35 p.m. She will meet Modi on July 28 besides also likely meet President Ram Nath Kovind during her stay.

Mamata sets out for Delhi with an agenda

73 critical roads along Indo-China border being developed on priority: Centre

73 critical roads along Indo-China border being developed on priority: Centre
The required measures, including development of infrastructure like construction of roads, tunnels and strategic railway lines, are taken to safeguard the sovereignty, territorial integrity and security of India, the minister said.

73 critical roads along Indo-China border being developed on priority: Centre

President pays homage to Kargil fallen heroes

President pays homage to Kargil fallen heroes
He paid homage to the indomitable courage and sacrifice of the Indian Armed Forces personnel during the Kargil conflict in 1999 by laying a wreath at the Dagger War Memorial in Baramulla during a solemn ceremony.

President pays homage to Kargil fallen heroes

Yamuna not fit for bathing due to lack of minimum flow of water: Delhi Govt

Yamuna not fit for bathing due to lack of minimum flow of water: Delhi Govt
In a report submitted to the Union Jal Shakti Ministry, the Delhi Government has stated that the minimum environmental flow for dilution of the polluted water in the Yamuna in Delhi will be required to meet the desired water quality levels in the river for bathing.

Yamuna not fit for bathing due to lack of minimum flow of water: Delhi Govt