亚博体育官网首页

India Unique in Lowering Fuel Prices Amid Global Trends: Puri
OIL & GAS

India Unique in Lowering Fuel Prices Amid Global Trends: Puri

India stands out globally as the only country where petrol and diesel prices have declined over the past three years, according to Hardeep Singh Puri, Union Minister for Petroleum and Natural Gas. This assertion marks a significant point amidst rising global fuel costs.

Puri's statement emphasises India's unique position in the global energy landscape. Despite international trends showing an increase in fuel prices due to various economic factors, India has managed to lower the cost of petrol and diesel for its citizens. This achievement is attributed to strategic policy measures and efficient management by the Indian government.

The reduction in fuel prices is seen as a major relief for consumers and a positive outcome of the government's focus on ensuring affordable energy. It contrasts sharply with the global scenario where many countries are grappling with rising fuel costs driven by geopolitical tensions, supply chain disruptions, and inflationary pressures.

Puri's comments underline the government's efforts to mitigate the impact of global economic uncertainties on domestic fuel prices. The sustained reduction is expected to support economic stability and consumer confidence in India.

Overall, India's ability to decrease fuel prices while global rates increase is presented as a testament to the effectiveness of its energy policies and economic management. This unique achievement reflects the country's commitment to supporting its citizens through challenging global economic conditions.

India stands out globally as the only country where petrol and diesel prices have declined over the past three years, according to Hardeep Singh Puri, Union Minister for Petroleum and Natural Gas. This assertion marks a significant point amidst rising global fuel costs. Puri's statement emphasises India's unique position in the global energy landscape. Despite international trends showing an increase in fuel prices due to various economic factors, India has managed to lower the cost of petrol and diesel for its citizens. This achievement is attributed to strategic policy measures and efficient management by the Indian government. The reduction in fuel prices is seen as a major relief for consumers and a positive outcome of the government's focus on ensuring affordable energy. It contrasts sharply with the global scenario where many countries are grappling with rising fuel costs driven by geopolitical tensions, supply chain disruptions, and inflationary pressures. Puri's comments underline the government's efforts to mitigate the impact of global economic uncertainties on domestic fuel prices. The sustained reduction is expected to support economic stability and consumer confidence in India. Overall, India's ability to decrease fuel prices while global rates increase is presented as a testament to the effectiveness of its energy policies and economic management. This unique achievement reflects the country's commitment to supporting its citizens through challenging global economic conditions.

Next Story
Infrastructure Energy

South West Pinnacle Wins Rs 30 Cr Oman Mining Contract

South West Pinnacle Exploration Ltd has secured a Rs 30 crore contract from Minerals Development Oman (MDO) for mining exploration in concession areas 12B and 13.The two-year project will be carried out via Alara Resources LLC, a JV in Oman. MDO, backed by Oman鈥檚 investment authorities, focuses on monetising mineral wealth.The contract covers copper, gold, and chromite and highlights South West Pinnacle鈥檚 growing footprint in international exploration and mining services. ..

Next Story
Equipment

Godrej GEG Boosts Intralogistics with AI and Green Tech

Godrej Enterprises Group (GEG) is revolutionising warehouse and factory logistics through its Material Handling Equipment and Storage Solutions arms by integrating AI, IoT, and automation.With 20鈥�25% market share and 85% local sourcing, GEG champions Atmanirbhar Bharat and sustainability. The Chennai plant, a green manufacturing leader, uses RoHS-compliant materials and has slashed energy consumption by 60%.GEG serves e-commerce, FMCG, retail, and cold chains with high-performance racking and electric forklifts. Upcoming IoT-enabled forklifts and telematics solutions aim to improve speed, sa..

Next Story
Infrastructure Urban

Amit Shah Inaugurates Key Projects Across Gujarat

Union 亚博体育官网首页 Minister Amit Shah inaugurated and laid the foundation stone for various projects in Gujarat鈥檚 Panchmahal district and Ahmedabad.In Godhra, he inaugurated the Center of Excellence building, sports complex, reservoir, and Miyawaki plantation. In Ahmedabad, he unveiled a new cooperative complex in Adaroda village and a primary school in Juwal.These projects, under the Model Co-op Village scheme, aim to boost education, sustainability, and rural development across the state. ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement