Petroleum Minister Hardeep Singh Puri stated that while global petrol prices have risen, India has seen a 3.1% reduction.
He highlighted India's sufficient crude oil and LPG reserves, along with increased domestic LPG production.
Hardeep Singh Puri: Global Petrol Prices Rise, India Sees 3.1% Drop
Petroleum Minister Hardeep Singh Puri stated that while global petrol prices have risen, India has seen a 3.1% reduction. He highlighted India's sufficient crude oil and LPG reserves, along with increased domestic LPG production.
Quick answer
Petroleum Minister Hardeep Singh Puri addressing the media · NewsDarpan AI
Petroleum Minister Hardeep Singh Puri, speaking in Ludhiana on Saturday, claimed that global petrol prices have risen, but India has managed to reduce petrol prices by 3.1%. He emphasized that the country has over 60 days of crude oil reserves and an even longer supply of natural gas reserves.
Puri also addressed the status of LPG (liquefied petroleum gas), stating that the situation is satisfactory. He noted that while daily LPG consumption in India is approximately 80,000 tons, domestic production has increased from 32,000 metric tons to 54,000 metric tons, reducing dependency on imports. He added that India currently has sufficient LPG stock to last 75-80 days.
Responding to a question about limiting diesel sales to 200 liters per day, Puri explained that this measure was implemented to curb black marketing.
Key Points
- Hardeep Singh Puri stated that petrol prices globally have risen, but India has seen a 3.1% reduction.
- India has over 60 days of crude oil reserves and sufficient natural gas reserves.
- Domestic LPG production has increased from 32,000 metric tons to 54,000 metric tons, reducing import dependency.
- LPG stock in India is sufficient for 75-80 days.
- Diesel sales were limited to 200 liters per day to prevent black marketing.