Close X
Tuesday, November 19, 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

AAP fallen back on compromised CM candidate: Sukhbir Badal

AAP fallen back on compromised CM candidate: Sukhbir Badal
Terming the nomination of Mann as a stage managed non-event, the SAD President said AAP convenor Arvind Kejriwal never wanted to make Mann the face of the party in Punjab.

AAP fallen back on compromised CM candidate: Sukhbir Badal

Illegal mining case: ED recovers Rs 6cr in cash during raids in Punjab

Illegal mining case: ED recovers Rs 6cr in cash during raids in Punjab
A source said Rs 4 crore in cash was recovered from the house of Bhupinder Singh Honey, the nephew of Punjab Chief Minister Charanjit Singh Channi. Another Rs 2 crore was recovered from the house of one Sandeep Kumar.

Illegal mining case: ED recovers Rs 6cr in cash during raids in Punjab

Delhi's first electric bus to be flagged off

Delhi's first electric bus to be flagged off
According to the Delhi government, as the name suggests, these buses will be environment friendly as they would emit zero per cent smoke and run fully on electricity. These 12-meter-low floor AC, E-buses will have CCTV cameras, panic buttons enabled to ensure women safety as well as pink seats. Besides having GPS and live-tracking, these buses will have kneeling ramps for the differently-abled population.

Delhi's first electric bus to be flagged off

Battle for UP: Farmers' stir will not dent BJP's prospects, says party leader

Battle for UP: Farmers' stir will not dent BJP's prospects, says party leader
The farmers' agitation against the three contentious farm laws, which were later revoked, will not impact BJP's victory in the upcoming Uttar Pradesh Assembly elections as the peasants of western part of the state will vote in favour of the party, a veteran BJP leader said. 

Battle for UP: Farmers' stir will not dent BJP's prospects, says party leader

Number of Indian billionaires grew to 142 in 2021

Number of Indian billionaires grew to 142 in 2021
The number of Indian billionaires grew from 102 to 142, while 84 per cent of households in the country suffered a decline in their income in 2021, which was also a year marked by tremendous loss of life and livelihoods, according to non profit Oxfam India's latest report published on Monday. The report 'Inequality Kills' comes ahead of the World Economic Forum's Davos Agenda.

Number of Indian billionaires grew to 142 in 2021

'State of the World' address: Modi to speak on India-centric issues

'State of the World' address: Modi to speak on India-centric issues
From Covid-19 putting pressure on the Indian healthcare system to India's struggle with climate change, specially mentioning the Mumbai floods, Covid's impact of Indian school children from the rural areas to new emerging mental health problems among the public, the WEF has already mentioned all in its India-centric reports.

'State of the World' address: Modi to speak on India-centric issues