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 CPI inflation eases to 12-month low of 4.75 per cent in May

India's CPI inflation eases to 12-month low of 4.75 per cent in May
India's consumer price inflation eased to a 12-month low of 4.75 per cent in May, compared to the same month of the previous year as declining fuel and cooking oil prices helped to bring down the burden on household budgets, figures released by the Ministry of Statistics on Wednesday showed. CPI inflation had come down to 4.83 per cent in April, which was an 11-month low and the declining trend is continuing.

India's CPI inflation eases to 12-month low of 4.75 per cent in May

Amaravati farmers end four-year-long protest as Naidu govt sworn-in

Amaravati farmers end four-year-long protest as Naidu govt sworn-in
With the formation of the Chandrababu Naidu-led government in Andhra Pradesh, farmers of Amaravati on Wednesday called off their four-year-long protest against three capitals move of the previous YSR Congress government. Hours after Naidu and his Council of Ministers took oath at a ceremony at Vijayawada, the farmers removed their protest camps in villages.

Amaravati farmers end four-year-long protest as Naidu govt sworn-in

13-year-old apprehended for sending hoax bomb threat email to IGI Airport

13-year-old apprehended for sending hoax bomb threat email to IGI Airport
Delhi Police apprehended a 13-year-old boy for sending a hoax bomb threat email regarding an Air Canada flight from IGI Airport to Toronto, a police officer said on Tuesday. The officer said the teenager sent the mail “just for fun” and to find out whether he could be traced or not.

13-year-old apprehended for sending hoax bomb threat email to IGI Airport

Indian economy to continue on growth track despite coalition govt: Ridham Desai

Indian economy to continue on growth track despite coalition govt: Ridham Desai
Global brokerage firm Morgan Stanley is optimistic about Indian economic growth despite the coalition government. Ridham Desai, MD of Morgan Stanley India, asserted that under PM Narendra Modi's leadership, the government will implement structural reforms that drive Indian economic growth.

Indian economy to continue on growth track despite coalition govt: Ridham Desai

6 killed in road accident in Pakistan's Punjab

6 killed in road accident in Pakistan's Punjab
Six people were killed after a gas tanker collided with a car in Pakistan's east Punjab province, the motorway police said. The accident happened on Monday near Chakwal district, where both vehicles fell into the ravine after the collision, the police said in a statement.

6 killed in road accident in Pakistan's Punjab

Mumbai Airport increases eGates from 24 to 68, highest in India

Mumbai Airport increases eGates from 24 to 68, highest in India
The Chhatrapati Shivaji Maharaj International Airport (CSMIA) has increased the terminal entry points (eGates) from 24 to 68, the highest number of such eGates at kerbside/landside in the country, an official said here on Tuesday.

Mumbai Airport increases eGates from 24 to 68, highest in India