Close X
Saturday, November 30, 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

India only country where petrol, diesel prices dropped in last 3 years: Hardeep Puri

India only country where petrol, diesel prices dropped in last 3 years: Hardeep Puri
During Question Hour in the Rajya Sabha, Puri also highlighted that the government is facilitating discussions between the Oil Marketing Companies (OMCs) and the dealers to address margin issues, pointing out that petrol and diesel were deregulated during the UPA administration. Deregulation means the government does not set the prices of the commodity in the market, he said.

India only country where petrol, diesel prices dropped in last 3 years: Hardeep Puri

Rahul Gandhi's Budget speech draws sharp criticism for being 'divisive', 'anarchic’

Rahul Gandhi's Budget speech draws sharp criticism for being 'divisive', 'anarchic’
Leader of Opposition Rahul Gandhi's speech during the Budget discussions in the Lok Sabha on Monday has drawn strong criticism from the BJP and social media users, with some labeling his remarks as 'divisive' and 'anarchic'. Another netizen termed Rahul Gandhi’s speech “something that could divide the society on caste lines”.

Rahul Gandhi's Budget speech draws sharp criticism for being 'divisive', 'anarchic’

Unemployment rate of youth has fallen from 17.8 per cent to 10 per cent in last 5 years: Minister

Unemployment rate of youth has fallen from 17.8 per cent to 10 per cent in last 5 years: Minister
The unemployment rate for youth aged 15 to 29 years in India has been declining steadily over the last five years and has come down from 17.8 per cent in 2017-18 to 10 per cent in 2023-24, according to data tabled in the Parliament on Monday

Unemployment rate of youth has fallen from 17.8 per cent to 10 per cent in last 5 years: Minister

Liquor policy case: Delhi CM Kejriwal's judicial custody extended till Aug 8

Liquor policy case: Delhi CM Kejriwal's judicial custody extended till Aug 8
A court here on Thursday extended, till August 8, judicial custody of Delhi Chief Minister Arvind Kejriwal in connection with the alleged liquor policy scam. Special Judge Kaveri Baweja of Rouse Avenue Court passed the order upon the expiry of the previously granted judicial custody.

Liquor policy case: Delhi CM Kejriwal's judicial custody extended till Aug 8

Channi vs Bittu: 'Deshdrohi' charge on ex-Punjab CM after war of words in Lok Sabha

Channi vs Bittu: 'Deshdrohi' charge on ex-Punjab CM after war of words in Lok Sabha
The war of words between Channi and Bittu also led to brief adjournment of the House. Moments later, Bittu released a video message and accused the former of misleading and misguiding the nation.

Channi vs Bittu: 'Deshdrohi' charge on ex-Punjab CM after war of words in Lok Sabha

Another member of Lawrence Bishnoi gang arrested from Ajmer

Another member of Lawrence Bishnoi gang arrested from Ajmer
The police in Bihar's Gopalganj on Thursday arrested an active member of the Lawrence Bishnoi gang from Ajmer, Rajasthan, an official said. Confirming the arrest, Gopalganj SP Swarn Prabhat said the investigating team found evidence linking the accused directly to the Lawrence Bishnoi gang.

Another member of Lawrence Bishnoi gang arrested from Ajmer