Taking to X, Puri informed that the discussions were focused on green energy transition, leveraging artificial intelligence along the entire hydrocarbon value chain and expansion and strengthening of existing infrastructure.
The decision was made during the company's Board meeting held on Monday, September 30th, following the government's decision not to allocate funds for capital support to oil marketing companies (OMCs) in the Union Budget for 2024-25.
For an orderly and sustainable transition to green energy both countries say that priority should be given to reliable, affordable and clean energy solutions. They noted that US-India partnership is crucial for building a secure, resilient, and diverse clean energy infrastructure.
The central government has taken several steps to insulate common citizens from high international prices, Minister of State in the Ministry of Petroleum and Natural Gas Suresh Gopi informed Parliament on Monday, as he highlighted several interventions.
According to the Ministry of Petroleum and Natural Gas, the combined profit of OMCs for FY 2023-24 stood at Rs 86,000 crore, over 25 times higher than the extraordinarily difficult previous fiscal year.
As one of the world's fastest-growing economies, India is committed to supporting efforts to achieve balance in global energy markets, said Hardeep Puri during the conversation, the Ministry of Petroleum and natural Gas said in a press release.
In a post on social media platform X, the ministry said, "As informed by @IndianOilcl, price of both petrol & diesel has been reduced by Rs 15.3/litre for Andrott and Kalpeni islands and Rs 5.2/litre for Kavaratti and Minicoy in the Lakshadweep islands, effective today."
In a relief to people ahead of the Lok Sabha polls expected to be held in April-May, the government has decided to cut the price of petrol and diesel by Rs 2 per litre
As of March 1, 2024, there are more than 10.27 crore PMUY beneficiaries. The total expenditure will be Rs 12,000 crore for the financial year 2024-25. The subsidy is credited directly to the bank accounts of the eligible beneficiaries, the Ministry of Petroleum and Natural Gas said in a sta