Govt looking for alternative market for fuel purchase: Puri
Darpan News Desk IANS, 14 Mar, 2022 01:08 PM
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.
Addressing the media, Sukhbir Badal said SAD will continue stand by its fundamental principles of peace, harmony, and protect the interests of Punjab, Punjabis in general and Sikhs and farmers in particular.
The heightened levels of tensions are seen as unheard in recent times. A violent clash between the two countries on 15 June, left 20 dead on the Indian side and unknown number of Chinese casualties.
The largest democracy in the world with 1.4 billion people has been recording the world's biggest daily increases in coronavirus cases for almost a month.
Prime Minister Narendra Modi was among the first to share his condolences via Twitter, saying he was lucky to have Pranab Mukherjee's guidance since he took office.
On Friday according to the Special Investigation Team (SIT) Ex Director General of Police Sumedh Singh Saini has further dug himself a hole in Section 302 of the IPC in the case of disappearance of a former CITCO employee, Balwant Singh Multani.
