Petrol and diesel prices continued to rise for the 9th consecutive day today. The price of one liter of petrol in Rajasthan has gone beyond the record 100 rupees.
Chennai: After rising for the ninth consecutive day in the prices of petrol and diesel, the price of petrol crossed 100 rupees for the first time in the country. Meanwhile, today Prime Minister Narendra Modi has said that the middle class would not have had such difficulty if the previous governments had paid attention to the dependence of energy imports.
Without mentioning the steady increase in oil prices, he said that in 2019-20, India has imported 85 percent oil and 53 percent gas to meet its domestic demands.
PM Modi inaugurated the Ramanathapuram-Thoothukudi section of Ennore-Thiruvallur-Bengaluru-Puducherry-Nagapattinam-Madurai-Tuticorin natural gas pipeline in Tamil Nadu. After this, in his address the Prime Minister said, “Should we be so dependent on imports? I do not want to criticize anyone but I must say that if we had paid attention to this subject, our middle class would not have to bear the burden. “
Petrol beyond 100
The price of petrol in the country today crossed 100 rupees for the first time.
The Prime Minister said that his government is sensitive to the difficulties of the middle class and India is now focusing on ethanol to help farmers and consumers. He said that ethanol extracted from sugarcane will help in reducing imports and will also give farmers an income option.
PM Modi said that the government is focusing on renewable sources of energy and will produce 40 percent energy in the country by 2030. Our companies have invested abroad in the acquisition of quality oil and gas assets.
He said that the government has planned to spend Rs 7.5 lakh crore in the construction of oil and gas infrastructure in five years and the emphasis has been on expanding the city’s gas distribution network covering 470 districts. The Prime Minister said that the government is working towards increasing the share of natural gas in the current energy sector from 6.3 percent to 15 percent.
Learn about the project
Connecting via video conference, the Prime Minister also dedicated to the nation the sulfur-free gasoline unit of Manali-based Chennai Petroleum Corporation Limited and laid the foundation stone of the Cauvery Basin Refinery at Nagapattinam.
Ramanathapuram-Thoothukudi section will be 143 kilometers long. It has cost about 700 crores rupees. This project will help in utilizing the gas from the oil and natural gas commission (ONGC) gas fields and making the natural gas available to the industries and other commercial consumers.
Construction of a sulfur-free gasoline unit has cost about 500 crores. It is a unit of 8 ppm and is designed to produce less sulfur than environmentally friendly gasoline. It will also help in reducing emissions and will contribute towards a cleaner environment.
The capacity of the Cauvery Basin Refinery to be set up at Nagapattinam will be 90 lakh MT per year.
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