Close X
Tuesday, October 29, 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

PM Modi meets Presidents of UAE and Uzbekistan before concluding 'successful' Russia visit

PM Modi meets Presidents of UAE and Uzbekistan before concluding 'successful' Russia visit
Prime Minister Narendra Modi wrapped up his visit to the Russian city of Kazan on Wednesday after participating in the restricted and open sessions of the 16th BRICS Summit and holding the much-awaited bilateral meeting with the Chinese President Xi Jinping. Just before flying back home, PM Modi also held meetings with the Presidents of the United Arab Emirates (UAE) and Uzbekistan.

PM Modi meets Presidents of UAE and Uzbekistan before concluding 'successful' Russia visit

AI adoption can generate Rs 33.8 lakh cr worth economic value by 2030: Hardeep Puri

AI adoption can generate Rs 33.8 lakh cr worth economic value by  2030: Hardeep Puri
Addressing an event in the national capital, Minister Puri underscored the pivotal role of AI in transforming the energy sector, emphasising that AI is set to revolutionise operations, drive efficiency and accelerate the shift towards a more sustainable energy landscape.

AI adoption can generate Rs 33.8 lakh cr worth economic value by 2030: Hardeep Puri

Punjab CM seeks incentives for industry on par with hill states

Punjab CM seeks incentives for industry on par with hill states
Presenting Punjab's industrial growth before a team of NITI Aayog, Chief Minister Bhagwant Mann on Wednesday sought incentives for industry of the state on a par with neighbouring hill states. Addressing the gathering during the inaugural session of a workshop on MSME exports as drivers of growth for Punjab, the Chief Minister said that "it is the need of the hour to give subsidies and incentives to the industrialists of Punjab on a par with the hill states".

Punjab CM seeks incentives for industry on par with hill states

Cyclone Dana: High alert issued across West Bengal

Cyclone Dana: High alert issued across West Bengal
The administration in West Bengal is on high alert while all necessary precautionary measures have been taken to minimize the impact of Cyclone Dana which is expected to make a landfall between Bhitarkanika of Kendrapara district and the Dhamara area of Bhadrak district. Flight services have been cancelled at Netaji Subhas Chandra Bose International Airport in Kolkata for 15 hours from Thursday.

Cyclone Dana: High alert issued across West Bengal

Massive fire erupts in Kolkata retail market, 15 fire-tenders at spot

Massive fire erupts in Kolkata retail market, 15 fire-tenders at spot
A major fire broke at the busy marketplace of Ezra Street in central Kolkata on Wednesday night. As per the information, as many as 15 fire-tenders have rushed to the spot and are trying to extinguish as well as prevent the fire from spreading further.

Massive fire erupts in Kolkata retail market, 15 fire-tenders at spot

Punjab CM responsible for plight of farmers in procuring paddy: Akali Dal

Punjab CM responsible for plight of farmers in procuring paddy: Akali Dal
The Shiromani Akali Dal (SAD) on Tuesday said Punjab Chief Minister Bhagwant Mann was responsible for the plight of farmers in the markets, saying that they were suffering because they had adhered to the appeal of the government and sown early varieties of paddy like PR-126 which were now not being procured.

Punjab CM responsible for plight of farmers in procuring paddy: Akali Dal