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

Mamata Banerjee to meet 29 party MPs on Saturday to finalise strategy in Parliament

Mamata Banerjee to meet 29 party MPs on Saturday to finalise strategy in Parliament
Party insiders said that the meeting will be extremely crucial since both Mamata Banerjee and General Secretary Abhishek Banerjee will explain to the MPs the strategy to be adopted, keeping in mind the issue of floor coordination with the other members of the opposition INDIA bloc.

Mamata Banerjee to meet 29 party MPs on Saturday to finalise strategy in Parliament

'BJP only alternative to Congress in Telangana'

'BJP only alternative to Congress in Telangana'
BJP's newly-elected MP Eatala Rajender on Wednesday claimed that the BJP's victory in eight out of 17 Lok Sabha seats in Telangana shows that it is the only alternative to the ruling Congress party in the state. Rajender, who was elected from Malkajgiri constituency, said people of Telangana voted for the Bharatiya Janata Party (BJP) as they wanted to see Narendra Modi as the Prime Minister for a third term.

'BJP only alternative to Congress in Telangana'

Cop arrested for embezzling Rs 53.65 lakh of seized cash

Cop arrested for embezzling Rs 53.65 lakh of seized cash
Despite multiple opportunities given to Parmar, who was undergoing treatment for mouth cancer, to return the embezzled money, he "continued to mislead his superiors". Officers at Sabarmati Police Station had suspected irregularities towards the end of last year when they noticed that cash seized from liquor and gambling cases was not being deposited as per regulations.

Cop arrested for embezzling Rs 53.65 lakh of seized cash

Indian stocks on US exchanges surge as Exit Polls indicate big win for BJP

Indian stocks on US exchanges surge as Exit Polls indicate big win for BJP
The surge in stock prices in India fueled by the Exit Polls showing a big win for the BJP has carried on to the stocks of Indian companies trading in the US. Of the 11 Indian company stocks trading as American Depository Receipts (ADR) on US exchanges, eight of them rose on Monday.

Indian stocks on US exchanges surge as Exit Polls indicate big win for BJP

'INDIA bloc will take a final call', Rahul Gandhi on sitting in Opposition or taking shot at govt formation

'INDIA bloc will take a final call', Rahul Gandhi on sitting in Opposition or taking shot at govt formation
Giving his first reactions on the impressive numbers achieved by his party and the INDIA bloc partners in the Lok Sabha elections, Congress leader Rahul Gandhi said on Tuesday that it was a fight to save the Constitution and the Constitutional institutions from the persistent onslaught of the ruling party.

'INDIA bloc will take a final call', Rahul Gandhi on sitting in Opposition or taking shot at govt formation

Delhi HC denies bail to bizman Amandeep Dhall in excise policy case

Delhi HC denies bail to bizman Amandeep Dhall in excise policy case
The Delhi High Court on Tuesday denied bail to Amandeep Singh Dhall, director of Brindco Sales Private Limited, in connection with the excise policy case. Justice Swarana Kanta Sharma dismissed Dhall’s plea for regular bail in the case registered by the Central Bureau of Investigation (CBI).

Delhi HC denies bail to bizman Amandeep Dhall in excise policy case