Close X
Tuesday, November 5, 2024
ADVT 
India

Petroleum Minister Hardeep Puri hails OMCs' moves aimed at reducing fuel prices

Darpan News Desk IANS, 29 Oct, 2024 01:17 PM
  • Petroleum Minister Hardeep Puri hails OMCs' moves aimed at reducing fuel prices

New Delhi, Oct 29 (IANS) Union Minister for Petroleum and Natural Gas Hardeep Singh Puri on Tuesday welcomed the key announcements made by the Oil Manufacturing Companies (OMCs) aimed at reducing the prices of petrol and diesel to benefit the consumers residing in the far-flung and remote areas of the country.

The Union Minister said that "on the auspicious occasion of Dhanteras, a big gift given by oil companies to petrol pump dealers is heartily welcomed!"

"The demand that was going on for 7 years has been fulfilled! This reflects Prime Minister Narendra Modi’s vision to bring even far-flung areas at par with the rest of the country in terms of facilities to our citizens, such as the North East Region which is connected with world-class road, air and rail infrastructure," he said.

Hardeep Singh Puri added that the consumers will get better services but there will be no increase in the prices of petrol and diesel.

He said that also a major decision by the oil companies to rationalise inter-state freight movements to benefit consumers located in remote locations far from the petrol and diesel depots of oil marketing companies, adding that it will make petrol and diesel cheaper for consumers in many places.

“For example, in Kunanpally & Kalimela in Odisha's Malkangiri petrol price will reduce by Rs 4.69 & Rs 4.55; and Diesel price will reduce by Rs 4.45 & Rs 4.32, respectively.

"Similarly, price will reduce by Rs 2.09 in petrol price and Rs 2.02 in diesel price in Chhattisgarh's Sukma,” the Union Minister said.

He pointed out that the dealer commission increase will better services to approximately 7 crore citizens "who visit our fuel retail outlets in the country everyday, without increasing fuel prices".

The Union Minister said that the fulfillment of this demand pending for the last 7 years will bring joy and happiness in the lives of Petrol Pump Dealers and nearly 10 lakh staff working at more than 83,000 petrol pumps across the country.

"The way for these historic decisions was paved by positive decisions taken by Modi government and all the Petrol Dealers Associations who came together in our meetings during the last few months and agreed to withdraw all the pending court cases pertaining to issues related to Marketing Discipline Guidelines (MDGs)," the Union Minister said.

Earlier, taking to X, Indian Oil Corp Ltd wrote: "#IndianOil is pleased to announce a revision in the dealer margins (effective from 30th October 2024), following the resolution of a pending litigation. This will have no additional impact on the Retail Selling Price of products. This will further strengthen our collective resolve in enhancing customer service standards and the welfare of staff employed in retail outlets."

“Further, demonstrating the core value of Nation First, our endeavour to provide affordable petrol and diesel across the length and breadth of country on sustained basis has come to fruition. #IndianOil has undertaken intrastate rationalisation of freight which will reduce variation of retail selling price of product across various markets within a state, except in geographies where Model Code of Conduct is in place. Happy festivities!" the Indian Oil added.

MORE India ARTICLES

Global analysts have shown confidence in India's economic strength amid geopolitical challenges: FinMin docu

Global analysts have shown confidence in India's economic strength amid geopolitical challenges: FinMin docu
With the IMF revising India's growth projection upwards by 20 basis points to 6.3 per cent in October, it shows the growing confidence of global analysts as well in India’s economic strength, amid global uncertainties and fresh geopolitical challenges. This was stated by the finance ministry's economic review for September 2023.

Global analysts have shown confidence in India's economic strength amid geopolitical challenges: FinMin docu

Narcotics worth Rs 500 cr seized in Gujarat, two detained

Narcotics worth Rs 500 cr seized in Gujarat, two detained
Two men, including a chemical engineer, were detained and narcotics worth Rs 500 crore seized during a joint operation of the Ahmedabad Crime Branch and the Directorate of Revenue Intelligence (DRI), said officials on Monday here. The two were detained on Sunday. The officials said the chemical engineer is based in Surat but was caught from Maharashtra's Chhatrapati Sambhajinagar.

Narcotics worth Rs 500 cr seized in Gujarat, two detained

Modi speaks with King Abdullah of Jordan, discusses West Asia crisis

Modi speaks with King Abdullah of Jordan, discusses West Asia crisis
Amid the ongoing conflict between Israel and Hamas, Prime Minister Narendra Modi on Monday spoke to the King of Jordan, Abdullah II. Both the leaders exchanged views on the developments in West Asia.

Modi speaks with King Abdullah of Jordan, discusses West Asia crisis

Delhi Police busts nationwide scam ring with 7 arrests, over 2,100 victims deceived by fake website 'Family Help'

Delhi Police busts nationwide scam ring with 7 arrests, over 2,100 victims deceived by fake website 'Family Help'
With the arrest of seven people, the Delhi Police has busted a gang of cheats, who had more than 2,100 complaints registered against them across the country, an officer said on Friday, adding that the gang used to cheat people through their firm ‘Family Help’.

Delhi Police busts nationwide scam ring with 7 arrests, over 2,100 victims deceived by fake website 'Family Help'

PM inaugurates Delhi-Ghaziabad-Meerut rapid rail transit system, calls it a historic moment

PM inaugurates Delhi-Ghaziabad-Meerut rapid rail transit system, calls it a historic moment
Prime Minister Narendra Modi on Friday launched the 17-km priority section of the Delhi-Ghaziabad-Meerut Regional Rapid Transit System (RRTS) at Sahibabad's RapidX station. Of the 82.15 km route, the priority section between Sahibabad and Duhai Depot was inaugurated and will be available for passenger operations from Saturday, i.e., October 21. The entire corridor is expected to be operational by June 2025.  

PM inaugurates Delhi-Ghaziabad-Meerut rapid rail transit system, calls it a historic moment

Gold prices rise to 3-month high on back of safe-haven demand

Gold prices rise to 3-month high on back of safe-haven demand
Gold prices rose to a three-month high on Friday and were headed for a second consecutive weekly gain, on the back of a safe-haven demand due to the Middle East conflict and expectations that the US Federal Reserve was likely to pause rate hikes. Gold, seen as a safe store of value during times of political and financial uncertainty, has risen 2.2 per cent so far this week.

Gold prices rise to 3-month high on back of safe-haven demand