Close X
Saturday, November 23, 2024
ADVT 
India

Govt sensitive about petroleum prices: Hardeep Puri

Darpan News Desk IANS, 18 Aug, 2021 03:04 PM
  • Govt sensitive about petroleum prices: Hardeep Puri

New Delhi, Aug 18 (IANS) Union Petroleum and Natural Gas minister Hardeep Singh Puri said on Wednesday that the government is sensitive towards the prices of petroleum products and it is taking all possible steps to address the issue.

Puri also blamed the previous Congress government's decisions for the current increase in prices of petroleum products.

Addressing a press conference at the BJP's Delhi unit office on the third day of 'Jan Ashirwad Yatra', Puri said, "We are sensitive towards it (prices of petroleum products) and are taking all the possible steps including blending of ethanol which the government will increase to 20 per cent. We are taking many steps to check the prices. Prices can stabilise only when all the stakeholders take the necessary steps."

Puri also blamed the previous Congress government for deregulating the prices of petrol and diesel in 2010 and for floating oil bonds.

"In 2010, the Congress government deregulated the prices of petrol and diesel which meant there would be a local impact of international prices," Puri said.

He further stated that the Congress government had floated oil bonds and passed them to the current government and this year the Union government has paid Rs 20,000 crore as interest on these bonds.

"The Congress government before 2014 issued oil bonds of Rs 1.34 lakh crore to control prices of petrol and passed on their problem to us. They emptied the 'tijori' (exchequer). We had to pay Rs 20,000 crore as interest this year for the oil bonds," the minister said.

Talking about taxes on petroleum products, Puri said, "The Union government imposes excise of Rs 32 while the states impose VAT on percentage which increases with rise in prices. The Union government uses this excise money to fund schemes like PM Garib Kalyan Yojna under which 80 crore people received free foodgrains, PM Awas Yojna, Ujjwala scheme and other welfare schemes."

He also mentioned that prices in the international market have increased from $19 per barrel in April 2020 to $75 per barrel on the day he took over as the Petroleum Minister last month.

Referring to the Tamil Nadu government's recent decision to reduce auto fuel prices, Puri said, "The state governments can lower the prices of petrol and diesel, as one state has done so recently. Others can also do the same."

MORE India ARTICLES

BJP MLA in Bihar stirs row with Afghanistan remark

BJP MLA in Bihar stirs row with Afghanistan remark
The BJP MLA from the Bispi Assembly constituency in Bihar's Madhubani district, Hari Bhushan Thakur Bachaul, made a controversial statement on Wednesday when he said that people having problems staying in India should go to Afghanistan and avail petrol and diesel at a lower price there.

BJP MLA in Bihar stirs row with Afghanistan remark

India safely evacuates diplomats, citizens from Afghanistan

India safely evacuates diplomats, citizens from Afghanistan
India on Tuesday safely evacuated over 150 citizens, including diplomats from Afghanistan amid chaos following Taliban takeover.

India safely evacuates diplomats, citizens from Afghanistan

Mercury to touch 38C as Delhi's air quality turns 'very poor'

Mercury to touch 38C as Delhi's air quality turns 'very poor'
Delhi's air quality was in the moderate category in certain places, while it was very poor at others. Air quality index (AQI) was 370 in Anand Vihar, while it was 150 in Mayur Vihar.

Mercury to touch 38C as Delhi's air quality turns 'very poor'

India introduces new category of visa to fast track Afghan applications

India introduces new category of visa to fast track Afghan applications
In view of the prevailing critical condition in Afghanistan, the Ministry of Home Affairs (MHA) on Tuesday announced a new category of electronic visas to fast-track applications of Afghans who are willing to come to India.

India introduces new category of visa to fast track Afghan applications

4 detained in alleged gang rape at Hyd's Gandhi Hospital

4 detained in alleged gang rape at Hyd's Gandhi Hospital
Two sisters, aged 38 and 40, told police that the accused confined one of them in a room for four days. The technician's friend also allegedly raped one of the victims.

4 detained in alleged gang rape at Hyd's Gandhi Hospital

4 dead due to anaemia and typhoid in Nawada

4 dead due to anaemia and typhoid in Nawada
The deceased were identified as Rinki Kumari, Karisma Kumari, Lado Kumari and their aunt Sonam Devi. All of them were residents of Baratandi village. Another minor girl named Vibha Kumari is battling for her life in RIMS Pawapuri.

4 dead due to anaemia and typhoid in Nawada

PrevNext