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

Man held with 35 bullets, explosive material in Patna

Man held with 35 bullets, explosive material in Patna
The Patna police arrested a man with 35 live cartridges and explosive material in the city’s Kurji locality on Wednesday afternoon. The police team seized 35 live cartridges, potassium nitrate powder, charcoal powder, a bullet proof jacket, sutli (jute rope) and an army uniform from the house of a person named Mithilesh Mahto.

Man held with 35 bullets, explosive material in Patna

Maha: 12 Maoists gunned down in Gadchiroli encounter, 2 cops injured

Maha: 12 Maoists gunned down in Gadchiroli encounter, 2 cops injured
In a major operation, the Gadchiroli Police have shot dead at least 12 Maoists in a forest gun battle on the Maharashtra-Chhattisgarh border, a police officer said on Wednesday. Superintendent of Police Neelotpal said the encounter took place in Wandoli village near the Chhattisgarh border on Wednesday afternoon and lasted for more than six hours.

Maha: 12 Maoists gunned down in Gadchiroli encounter, 2 cops injured

8 Indians among 9 crew rescued from capsized oil tanker near Oman

8 Indians among 9 crew rescued from capsized oil tanker near Oman
The Indian Navy said in a post on X on Wednesday evening: "#IndianNavy's mission deployed warship #INSTeg, rendering SAR assistance for the capsized Oil Tanker MV #PrestigeFalcon, has rescued 9 (8 Indians & 1 Sri Lankan) personnel.

8 Indians among 9 crew rescued from capsized oil tanker near Oman

Mumbai Court sends BMW crash accused Mihir Shah to 14 days' judicial custody

Mumbai Court sends BMW crash accused Mihir Shah to 14 days' judicial custody
Shah, 24, the son of a ruling Shiv Sena leader Rajesh Shah, was produced before the Sewri Metropolitan Court after his six-day police custody ended, and now he has been sent to judicial custody till July 30.

Mumbai Court sends BMW crash accused Mihir Shah to 14 days' judicial custody

IMF raises India’s GDP growth forecast to 7 pc for 2024-25

IMF raises India’s GDP growth forecast to 7 pc for 2024-25
The IMF World Economic Outlook put China’s growth rate at 5 per cent for 2024 and 4.5 per cent for 2025. In the case of advanced countries, the GDP growth rate of the US has been forecast at 2.6 per cent for 2024 and 1.9 per cent for 2025.

IMF raises India’s GDP growth forecast to 7 pc for 2024-25

Assam flood water receding, 4 lakh still affected in 16 districts

Assam flood water receding, 4 lakh still affected in 16 districts
One person drowned on Tuesday in Dhemaji district of Assam even though the overall flood situation has significantly improved in the last 11 days in the state, Assam State Disaster Management Authority (ASDMA) officials said. According to the officials, over 4 lakh people remain affected by the floods as of Tuesday in 16 of the state's 35 districts.

Assam flood water receding, 4 lakh still affected in 16 districts