Close X
Thursday, September 19, 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

India to help people from neighbouring countries stuck in Ukraine

India to help people from neighbouring countries stuck in Ukraine
Also, guided by India's motto of the world being one family, the Prime Minister said that India will help people from neighbouring countries and developing nations who are stranded in Ukraine, seeking assistance.

India to help people from neighbouring countries stuck in Ukraine

Cheap courses, global recognition draw Indian medical students to Ukraine

Cheap courses, global recognition draw Indian medical students to Ukraine
There are currently 14 major medical colleges in Ukraine in which more than 18,000 Indian students are pursuing MBBS and BDS courses. Out of these, about 1,000 have returned home while efforts are on to bring back the rest.

Cheap courses, global recognition draw Indian medical students to Ukraine

Modi speaks to Slovak PM about evacuation process

Modi speaks to Slovak PM about evacuation process
Modi thanked Heger for the assistance provided by Slovakia in the evacuation of Indian citizens from Ukraine, and for permitting special evacuation flights from India. He asked for Slovakia's continued assistance in the next few days with India undertaking a mission to evacuate other citizens from conflict zones.

Modi speaks to Slovak PM about evacuation process

'Can graver charges be imposed', SC seeks Sidhu's response in road rage incident

'Can graver charges be imposed', SC seeks Sidhu's response in road rage incident
Sidhu has urged the apex court not to punish him with a jail term in a 1988 road rage case in which he was let off with a meagre fine of Rs 1,000. Senior advocate Siddharth Luthra, representing Gurnam Singh's family, submitted that he has moved an application seeking enlargement of the scope of the notice issued. 

'Can graver charges be imposed', SC seeks Sidhu's response in road rage incident

India sets up evacuation camps on Ukraine's borders with Poland, Romania, Hungary

India sets up evacuation camps on Ukraine's borders with Poland, Romania, Hungary
With Ukraine closing its airspace after Russia launched a military operation in the country on Thursday, the Indian Embassy in Kiev has asked the Indian nationals to start moving towards the bordering areas so that they can be evacuated safely.

India sets up evacuation camps on Ukraine's borders with Poland, Romania, Hungary

India setting up control rooms for stranded nationals on Ukraine borders

India setting up control rooms for stranded nationals on Ukraine borders
The Indian Embassy in Kiev stated that the helpline numbers are being set up at the respective check-points to facilitate evacuation through the borders. These control rooms will be based in Poland, Romania and Hungary and they will be managed by the Indian officials posted in those countries.

India setting up control rooms for stranded nationals on Ukraine borders