Union Minister Dismisses Lockdown Fears Amid Fuel-Saving Measures
‘It’s not like a lockdown is going to take place tomorrow’: Puri dismisses fears after PM Modi’s fuel-saving push
The Economic TimesImage: The Economic Times
Union Petroleum and Natural Gas Minister Hardeep Singh Puri reassured citizens that there are no imminent lockdowns following Prime Minister Narendra Modi's call for fuel conservation amid the West Asia crisis. Puri emphasized India's stable energy supplies and ongoing efforts to boost domestic LPG production.
- 01No imminent lockdowns despite calls for fuel conservation.
- 02India's energy supplies remain stable amid global disruptions.
- 03Domestic LPG production has increased significantly.
- 04India is a leading global refining hub, not just an oil importer.
- 05Government reforms aim to boost hydrocarbon exploration and attract investment.
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Union Petroleum and Natural Gas Minister Hardeep Singh Puri addressed concerns over potential lockdowns following Prime Minister Narendra Modi's appeal for fuel conservation in light of the ongoing crisis in West Asia. Puri emphasized that India's energy supplies are stable and assured citizens that a lockdown is not on the horizon. He highlighted the government's successful management of fuel availability despite rising crude prices and geopolitical tensions. LPG production has notably increased from 36,000 metric tonnes to 54,000 metric tonnes per day. Puri also pointed out India's role as a significant refining hub, ranking as the third-largest globally, with a refining capacity of nearly 260 million metric tonnes annually. The government is actively working to enhance hydrocarbon exploration and attract private investment through reforms, while also encouraging industries to transition from LPG to cheaper and cleaner liquefied natural gas (LNG).
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The government's push for fuel conservation could lead to reduced fuel costs for consumers and encourage the use of public transport, potentially easing the pressure on household budgets.
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