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
![No shortage of petrol & diesel: Oil Minister No shortage of petrol & diesel: Oil Minister](https://cdn.zeebiz.com/sites/default/files/2024/06/11/298726-autotrafficpti.jpg)
Centre trying to keep petrol & diesel affordable: Hardeep Singh Puri
![Centre trying to keep petrol & diesel affordable: Hardeep Singh Puri Centre trying to keep petrol & diesel affordable: Hardeep Singh Puri](https://cdn.zeebiz.com/sites/default/files/2024/06/11/298728-petroldieselpexels.jpg)
Oil minister says a host of reforms introduced in petroleum space
![Oil minister says a host of reforms introduced in petroleum space Oil minister says a host of reforms introduced in petroleum space](https://cdn.zeebiz.com/sites/default/files/2024/06/11/298729-autotrafficzeebusiness.jpg)
Will try to bring petrol & diesel under GST: Hardeep Singh Puri
![Will try to bring petrol & diesel under GST: Hardeep Singh Puri Will try to bring petrol & diesel under GST: Hardeep Singh Puri](https://cdn.zeebiz.com/sites/default/files/2024/06/11/298733-petrolpexels.jpg)
Oil and gas PSUs' profit has crossed Rs 1.50 lakh crore mark: Petroleum Minister
![Oil and gas PSUs' profit has crossed Rs 1.50 lakh crore mark: Petroleum Minister Oil and gas PSUs' profit has crossed Rs 1.50 lakh crore mark: Petroleum Minister](https://cdn.zeebiz.com/sites/default/files/2024/06/11/298744-petroldieselfuelpexels.jpg)
Expansion of green hydrogen and refinery to remain in focus: Oil minister
![Expansion of green hydrogen and refinery to remain in focus: Oil minister Expansion of green hydrogen and refinery to remain in focus: Oil minister](https://cdn.zeebiz.com/sites/default/files/2024/06/11/298763-greenpexels.jpg)
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.