Close X
Thursday, October 31, 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's debt-GDP ratio dips to 18.7 per cent in March 2024

India's debt-GDP ratio dips to 18.7 per cent in March 2024
Although in absolute terms at the end-March 2024, India's external debt stood at $663.8 billion, an increase of $39.7 billion over its level at end-March 2023 there was also an increase in the country's GDP due to the high economic growth. This resulted in a decline in the debt to GDP ratio.

India's debt-GDP ratio dips to 18.7 per cent in March 2024

Yoga Day marks importance of yoga in maintaining a balanced lifestyle: CJI Chandrachud

Yoga Day marks importance of yoga in maintaining a balanced lifestyle: CJI Chandrachud
Chief Justice of India (CJI) D.Y. Chandrachud on Friday said that International Yoga Day is not only a day of celebration and observance but marks the importance of yoga in maintaining a balanced lifestyle. CJI Chandrachud said that Yoga combines physical exercise with spirituality and narrated the importance of humility in conducting yogic practices.

Yoga Day marks importance of yoga in maintaining a balanced lifestyle: CJI Chandrachud

Punjab Vigilance Bureau seizes 1,138 bags of diverted rice meant for poor

Punjab Vigilance Bureau seizes 1,138 bags of diverted rice meant for poor
The Punjab Vigilance Bureau on Friday said it has unearthed a scam of Rs 1.55 crore after impounding two trucks laden with 1,138 bags of rice, meant for subsidised sale to the poor but being diverted. Gopal Goyal, the owner of Shiv Shakti Rice Mill, Garshankar in Hoshiarpur district, along with two truck drivers, have been arrested.

Punjab Vigilance Bureau seizes 1,138 bags of diverted rice meant for poor

India's envoy to Turkey Virander Paul passes away

India's envoy to Turkey Virander Paul passes away
India's Ambassador to Turkey Virander Paul passed away on Friday. Sources said that he died following a prolonged illness.

India's envoy to Turkey Virander Paul passes away

No request so far on providing Consular access to Nikhil Gupta, says MEA

No request so far on providing Consular access to Nikhil Gupta, says MEA
India on Friday said that it has so far not received any request for providing Consular access to Nikhil Gupta, an Indian national accused by the US authorities of having involvement in a murder-for-hire plot against a Khalistani leader. Gupta was arrested in the Czech Republic at the request of the US and produced in a New York federal court earlier this week.

No request so far on providing Consular access to Nikhil Gupta, says MEA

9 in 10 professionals in India facing learning barriers: Report

9 in 10 professionals in India facing learning barriers: Report
Top barriers include a lack of time due to family responsibilities or other personal commitments (34 per cent), busy work schedules (29 per cent) and feeling overwhelmed by the amount of learning resources available (26 per cent), according to new research from professional networking platform LinkedIn.

9 in 10 professionals in India facing learning barriers: Report