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Oil prices rose more than 2 per cent following a decision by OPEC+ to delay by a month plans to increase output
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The Union Minister cited global factors such as the war in the Middle East and voluntary cuts in oil production which are influencing the oil prices in the global market
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Puri said that the government has saved Rs 91,000 crore on fossil fuel imports because of ethanol blending
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The minister also stated during the global turmoil the oil prices would have shot up to very high if India had not changed its oil supplier
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Puri responded through a social media post to a request by the Leader of the Opposition in Kerala, VD Satheesan, who raised concerns in a letter on Monday about the difficulties caused by the current system, which requires LPG consumers to complete an e-KYC Aadhaar mustering process at gas agencies
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Minister Puri highlighted OIL's impressive Compound Annual Growth Rate (CAGR) of 27 per cent over the past two years, which has propelled the company to achieve its highest-ever production levels of 6.53 Million Metric Tonnes of Oil Equivalent (MMTOE) in FY 2023-24
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The former Indian diplomat is reinstated as the Union Minister of Petroleum and Natural Gas,
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