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.
Invest Punjab has signed a memorandum of understanding with the Punjab State Office-Renewable Gas Association of India for setting up bio-fuel projects and compressed bio-gas plants (Bio-CNG) that will help in reducing the greenhouse gas emissions generated by stubble burning.
Kejriwal gave eight guarantees to teachers for comprehensive education reforms in Punjab and promised that these guarantees would be implemented on priority if the AAP government is formed in 2022.
Former Punjab Chief Minister Amarinder Singh on Tuesday ridiculed present Chief Minister Charanjit Singh Channi for his frequent accusations that he had "connived with the Badals" and harmed Punjab's interests.
The Bill has been listed for introduction, consideration and passing in the Lok Sabha. It is among 26 new Bills, which are to be introduced in the Parliament session beginning November 29.
MSP is the price that the government declares in advance and pays at the time of procurement of crops from the farmers at the Agricultural Produce Market Committees (APMCs), popular as Mandis. The concept is derived from the fact that the farmers should not suffer losses owing to lesser rates in the open market.
The Sanyukta Kisan Morcha, an umbrella organisation of the farmers' unions, said that their protests would continue till their demands, including guarantee for minimum support price and dismissal of Union Minister Ajay Misra Teni, were met.
