Petrol, Diesel Rates: Centre remains committed to maintaining affordability in petrol, diesel
Petrol and diesel price latest news update: Union Petroleum and Natural Gas Minister Hardeep Singh Puri reiterated the government's commitment to maintaining affordability in petrol and diesel prices. He highlighted ongoing reforms in the petroleum sector and expressed intentions to include both fuels under the Goods and Services Tax (GST) umbrella. Puri's statements underscore the government's efforts to stabilise prices and streamline taxation in the energy sector. Read on to know more about what the Union minister said on petrol and diesel rates in the country.
Petrol and diesel price latest news update: Union Petroleum and Natural Gas Minister Hardeep Singh Puri - who returned to the role in the Narendra Modi 3.0 government - said on Tuesday that the Centre is trying to keep petrol and diesel in the affordable range. Stating that a host of reforms have been introduced in the domestic petroleum space, Puri said that the central government will try to bring both fuels under the ambit of Goods and Services Tax (GST).
Here are some key takeaways from what the oil minister said:
No shortage of petrol & diesel: Oil Minister
The Petroleum Minister said that there is no shortage of petrol and diesel in the economy.
Centre trying to keep petrol & diesel affordable: Hardeep Singh Puri
The central government is trying to keep petrol and desel in the affordable range, the oil minister said.
Oil minister says a host of reforms introduced in petroleum space
The Union Minister also mentioned that a host of reforms have been brought in the petroleum space.
Will try to bring petrol & diesel under GST: Hardeep Singh Puri
The Union minister also said that the government will try to bring both fuels under the ambit of Goods and Services Tax (GST).
Oil and gas PSUs' profit has crossed Rs 1.50 lakh crore mark: Petroleum Minister
The minister mentioned that the profti of PSU oil and gas companies has crossed the Rs 1.50 lakh crore mark.
Expansion of green hydrogen and refinery to remain in focus: Oil minister
The Union minister also said that while the expansion of green hydrogen and refinery will continue to be in focus,
emphasis will remain on increasing exploration and production.
The government set a goal of achieving 12 per cent ethanol blending with petrol in the December 2022-October 2023 year, and 15 per cent the next years.