Surat, May 1: Union Minister of Petroleum and Natural Gas Hardeep Singh Puri announced on Friday that India has kept petrol and diesel prices stable for four years and 60 days, despite fluctuations in the global energy market.
He made this statement during the Vibrant Gujarat Regional Conference (VGRC) – South Gujarat, which was attended by central and state ministers, diplomats, and industry representatives. This event is part of the regional expansion program under the Vibrant Gujarat initiative.
Puri highlighted that the global energy landscape has been affected by wars, supply chain disruptions, and geopolitical tensions, including issues in the Strait of Hormuz. Nevertheless, India has remained stable.
He emphasized that there has been no increase in retail fuel prices in India for over four years. In contrast, neighboring countries have witnessed significant hikes in fuel prices, ranging from 39% to 66%. These countries are also facing issues such as fuel shortages, rationing, and limited working hours.
Puri stated that India has deliberately avoided making hasty policy decisions. “The government did not let panic dictate policy. Economic stability has been maintained despite multiple election cycles,” he remarked during the conference, which focused on energy security and economic resilience.
Union Minister of Water Power C.R. Patil also addressed the conference, underscoring Surat’s industrial contributions to national infrastructure and defense manufacturing. He noted, “The industries in this region have contributed to several major national projects. Steel from AM/NS has been used in the construction of the Chenab Rail Bridge in Jammu and Kashmir.”
He also mentioned that the K9 Vajra artillery system, manufactured at L&T’s Hazira unit, is enhancing India’s defense capabilities. Surat’s industries have played a crucial role in significant national projects like the Chenab Rail Bridge and modern defense systems.
On water management, he stated that over 7 million water conservation structures have been created through public participation, resulting in an additional storage capacity of nearly 2 billion cubic meters.
He added, “In the country, 83% of water is used for agriculture, 14% for domestic needs, and 2.5% for industries. Industries must adopt sustainable practices and stop excessive groundwater extraction.”
Patil also revealed that the Surat Municipal Corporation earns over ₹300 crore annually from the sale of treated water. He noted that the city has developed a long-term plan to address its water needs for the next 50 years.
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My name is Himanshu Tiwari. I am an experienced content writer with several years of expertise in the field. Currently, I contribute to Daily Kiran, creating engaging and informative content across a variety of categories including TECHNOLOGY, health, travel, education, and automobiles. My goal is to deliver accurate, insightful, and captivating information through my words to help readers stay informed and empowered.
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