Close X
Thursday, November 28, 2024
ADVT 
India

India's energy demands bound to grow exponentially in coming years: Hardeep Puri

Darpan News Desk IANS, 10 Oct, 2023 12:07 PM
  • India's energy demands bound to grow exponentially in coming years: Hardeep Puri

New Delhi, Oct 10 (IANS) Petroleum Minister Hardeep Puri on Tuesday said that India's energy demand will continue to provide fuel for future economic growth and is bound to grow exponentially in the coming years.

He said that at present the country is the world's third largest consumer of oil, third largest LPG consumer, fourth largest LNG importer, fourth largest refiner, fourth largest automobile market.

India is likely to account for 25 per cent of global energy demand growth over the next two decades, he emphasised.

With the launch of the Biofuels Alliance, Puri said that the global biofuel market will go up from $92 billion at present to $200 billion very shortly.

However, he said, this is not the end of the story as the real story on biofuels has just started. "The 10 per cent ethanol blending has led to considerable savings on the import bill and it will increase with 20 per cent blending," he stated.

The minister said that the surest means of determining a country’s growth is to look at its energy consumption. And India’s energy consumption is three times of the global average.

Going forward, he suggested, "We should have more gatherings like this, encourage more countries to come and take advantage of all the discussions".

The minister further informed that the 10 per cent target on biofuel blending by November, 2022 was attained five months in advance, and the 20 per cent biofuel blending target of 2030 has been advanced to 2025.

Puri was addressing a gathering at the inauguration of the 26th Energy Technology Meet.

MORE India ARTICLES

Fake call centre busted in Gurugram; 10 held

Fake call centre busted in Gurugram; 10 held
A team of the cyber crime police station here has busted a fake call centre and arrested 10 people including a woman in this connection, an official said on Thursday. The fake call centre was being operated from a house at Sector 43 in Gurugram. 

Fake call centre busted in Gurugram; 10 held

Assembly polls: BJP CEC identifies 125 'vulnerable seats' in MP, 22 in Chhattisgarh

Assembly polls: BJP CEC identifies 125 'vulnerable seats' in MP, 22 in Chhattisgarh
The seats on which the party has a higher chance to win or is in a fight have been placed under A and B categories. Whereas in the C and D categories, those seats have been included where the party has won the previous election with a very small margin or where it has never won an election. 

Assembly polls: BJP CEC identifies 125 'vulnerable seats' in MP, 22 in Chhattisgarh

Punjab Police arrest man who swam into Pak jurisdiction to retrieve narcotics

Punjab Police arrest man who swam into Pak jurisdiction to retrieve narcotics
The State Special Operation Cell (SSOC), Amritsar, had busted a cross-border drugs smuggling racket with the arrest of a drugs smuggler identified as Shinder Singh after recovering a consignment of 10 kg heroin and Rs 1.5 lakhs from his possession, while a woman drugs smuggler, Amandeep Kaur, alias Deep Bhai, linked to this module was also arrested with 1 kg heroin.

Punjab Police arrest man who swam into Pak jurisdiction to retrieve narcotics

Riding boat, Punjab CM visits flood-hit areas

Riding boat, Punjab CM visits flood-hit areas
Punjab Chief Minister Bhagwant Singh Mann on Thursday toured flood-affected areas in Hoshiarpur district in a boat to take stock of the situation. Boarding the boat with NDRF officials, the Chief Minister visited Rara and Fateh Kulla villages and then visited Haler village.

Riding boat, Punjab CM visits flood-hit areas

10 year-old suffers burn injuries on Delhi-Frankfurt flight

10 year-old suffers burn injuries on Delhi-Frankfurt flight
A young passenger, aged 10, who was on a Tata owned Vistara flight from Delhi to Frankfurt last week, suffered burn injuries due to a mishap involving a hot beverage spill. The child's family has criticised the airline for its inadequate response to the situation, asserting that the crew failed to apologise for the incident.  

10 year-old suffers burn injuries on Delhi-Frankfurt flight

8 held at IGI with 50 gold chains valued at around Rs 3cr

8 held at IGI with 50 gold chains valued at around Rs 3cr
Eight Uzbekistan nationals have been arrested at the Indira Gandhi International (IGI) Airport here allegedly trying to smuggle in 50 gold chains valued at around Rs 3 crore, an official said on Wednesday. A senior Customs official said that all the passengers were held on August 15, on the basis of passenger profiling.

8 held at IGI with 50 gold chains valued at around Rs 3cr