The Centre refuted price hike rumours and said such reports create panic. It cited market projections and crude price rise as triggers. Earlier the government had said that refineries are running at full capacity with sufficient fuel stock.
PM Modi highlighted that electrified rail operations have reduced diesel use and import reliance, helping India cushion global energy shocks. He also pointed to ethanol blending and renewable expansion as key measures ensuring stable energy availability.
India has saved over $17 billion since 2022 by purchasing cheaper Russian crude. More importantly, its imports have played a stabilising role in the global market.
The India-Bangladesh Friendship pipeline was inaugurated in March 2023 by the Prime Minister of India, Narendra Modi, and former Prime Minister of Bangladesh, Sheikh Hasina. It runs from Siliguri in West Bengal to an oil depot in Parbatipur in district Dinajpur of Bangladesh.
Puri was talking to the media during a function to flag wave a CNG-driven boat race on the river Ganga here. This function was organized as a run-up to India Energy week which will take place next month in Bengaluru.