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.
Congress legislator and Punjab unit party president Navjot Singh Sidhu on Friday said the minimum support price (MSP) is the bigger issue than farm laws as it is the lifeline of farmers.
Extending his greetings to the people on Prakash Purb of Guru Nanak Dev, the Chief Minister said it was really a matter of great honour to inaugurate this prestigious project which happens to coincide with Gurpurab.
Three employees of Air India, accused of having a role in the smuggling of gold, have been arrested, officials said on Friday. They have been accused of having a hand in a recent incident wherein 1.5 kg gold -- stored beneath an aircraft's seat -- was seized.
Prime Minister Narendra Modi's announcement on Friday to repeal the three farm laws has brought cheers to the agitating farmers' organisations.However, Anil Ghanwat, a farm leader from Maharashtra who was one of the three members of the Supreme Court appointed committee on farm laws earlier this year, has termed the decision as "unfortunate".
Coinciding with the auspicious occasion of Guru Nanak Jayanti, Modi also announced that the constitutional process to repeal the laws would be taken up in the winter session of Parliament that begins on November 29 and appealed to the agitating farmers to withdraw their agitation and go back to their homes.
Prime Minister Narendra Modi on Thursday said the global trust earned by the Indian healthcare sector has led to the nation being called the "pharmacy of the world", in recent times.
