Close X
Wednesday, November 27, 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

Bihar: Gopalganj Police seize 50 grams of rare radioactive substance, smugglers nabbed

Bihar: Gopalganj Police seize 50 grams of rare radioactive substance, smugglers nabbed
Gopalganj Police arrested three smugglers with rare Californium stone, a radioactive substance, to the value of approximately Rs 850 crore in the international market, an official said on Friday. Gopalganj SP Swarn Prabhat confirmed the seizure. He said that the accused were smuggling 50 grams of the substance.

Bihar: Gopalganj Police seize 50 grams of rare radioactive substance, smugglers nabbed

Wayanad disaster: Kerala HC wants 'holistic approach' in development, appoints amicus curiae

Wayanad disaster: Kerala HC wants 'holistic approach' in development, appoints amicus curiae
The Kerala High Court, hearing a suo-moto case on the Wayanad landslide disaster, on Friday stressed the need for a holistic approach in pursuing developmental activities, so tragedies like that which took place in the hill district could be averted. It then appointed senior advocate Ranjith Thampan as amicus curiae and asked him to look into present policies and to suggest fresh ones on environmental issues.

Wayanad disaster: Kerala HC wants 'holistic approach' in development, appoints amicus curiae

Himachal to procure up to 20 quintals of naturally grown wheat at Rs 40 per kg

Himachal to procure up to 20 quintals of naturally grown wheat at Rs 40 per kg
The Himachal Pradesh government will procure up to 20 quintals of naturally grown grains per family at a rate of Rs 40 per kg for wheat and Rs 30 per kg for maize, officials said on Friday. This initiative is a part of the HIM-UNNATI scheme, which is aimed at promoting natural farming in the state.

Himachal to procure up to 20 quintals of naturally grown wheat at Rs 40 per kg

Wayanad disaster toll at 413, search for missing 152 continues

Wayanad disaster toll at 413, search for missing 152 continues
The death toll in the landslide-affected Wayanad in Kerala reached 413 on Thursday as the search for 152 missing people continued on day 10. Over 1,000 people from the Defence and other agencies led by a team of officials began the search operations early morning.

Wayanad disaster toll at 413, search for missing 152 continues

Landslides shut Manali highway near Pandoh in Himachal

Landslides shut Manali highway near Pandoh in Himachal
Traffic on the Chandigarh-Manali national highway between Mandi and Kullu was blocked on Thursday following landslides in Himachal Pradesh owing to heavy rainfall, police said. The national highway was badly damaged in the landslide that occurred near Pandoh in Mandi district. Hundreds of vehicles were stranded on both sides of the affected area.

Landslides shut Manali highway near Pandoh in Himachal

India’s financial sector gaining strength from macroeconomic stability: RBI chief

India’s financial sector gaining strength from macroeconomic stability: RBI chief
RBI Governor Shaktikanta Das said on Thursday that the Indian financial system remains resilient and is gaining strength from broader macroeconomic stability. He pointed out that the banking sector’s well-capitalised and unclogged balance sheet is reflective of higher risk absorption capacity while the NBFC sector and the Urban Cooperative Banks also continue to show improvements.

India’s financial sector gaining strength from macroeconomic stability: RBI chief