Close X
Friday, September 20, 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

Illegal mining case: ED recovers Rs 6cr in cash during raids in Punjab

Illegal mining case: ED recovers Rs 6cr in cash during raids in Punjab
A source said Rs 4 crore in cash was recovered from the house of Bhupinder Singh Honey, the nephew of Punjab Chief Minister Charanjit Singh Channi. Another Rs 2 crore was recovered from the house of one Sandeep Kumar.

Illegal mining case: ED recovers Rs 6cr in cash during raids in Punjab

Delhi's first electric bus to be flagged off

Delhi's first electric bus to be flagged off
According to the Delhi government, as the name suggests, these buses will be environment friendly as they would emit zero per cent smoke and run fully on electricity. These 12-meter-low floor AC, E-buses will have CCTV cameras, panic buttons enabled to ensure women safety as well as pink seats. Besides having GPS and live-tracking, these buses will have kneeling ramps for the differently-abled population.

Delhi's first electric bus to be flagged off

Battle for UP: Farmers' stir will not dent BJP's prospects, says party leader

Battle for UP: Farmers' stir will not dent BJP's prospects, says party leader
The farmers' agitation against the three contentious farm laws, which were later revoked, will not impact BJP's victory in the upcoming Uttar Pradesh Assembly elections as the peasants of western part of the state will vote in favour of the party, a veteran BJP leader said. 

Battle for UP: Farmers' stir will not dent BJP's prospects, says party leader

Number of Indian billionaires grew to 142 in 2021

Number of Indian billionaires grew to 142 in 2021
The number of Indian billionaires grew from 102 to 142, while 84 per cent of households in the country suffered a decline in their income in 2021, which was also a year marked by tremendous loss of life and livelihoods, according to non profit Oxfam India's latest report published on Monday. The report 'Inequality Kills' comes ahead of the World Economic Forum's Davos Agenda.

Number of Indian billionaires grew to 142 in 2021

'State of the World' address: Modi to speak on India-centric issues

'State of the World' address: Modi to speak on India-centric issues
From Covid-19 putting pressure on the Indian healthcare system to India's struggle with climate change, specially mentioning the Mumbai floods, Covid's impact of Indian school children from the rural areas to new emerging mental health problems among the public, the WEF has already mentioned all in its India-centric reports.

'State of the World' address: Modi to speak on India-centric issues

AAP candidate from Ferozepur resigns, joins Congress

AAP candidate from Ferozepur resigns, joins Congress
Hours after quitting as the Aam Aadmi Party candidate from Ferozepur (Rural) constituency in Punjab on Monday, Ashu Bangar was inducted into the Congress by party Chief Minister Charanjit Channi. Channi in Chandigarh announced that Bangar would be party's candidate from the Ferozepur (Rural) seat as he is young with dreams to serve society.

AAP candidate from Ferozepur resigns, joins Congress