Page 8 - Hardeep Singh Puri

Big Russia presence in India Energy Summit indicates stronger ties

The European Union ban on seaborne Russian fuel shipments, coupled with earlier restrictions on the bloc's crude purchases, give more impetus for Moscow to ramp up the flows to India

Focused on green shift despite war-led scramble for conventional fuel: Puri

Petroleum minister hints at sustained lifting of Russian crude; hails IEW 2023 as a watershed event

Work in progress to set up Coal-to-Methanol plants in country: Puri

Work is in progress to set up Coal-to-Methanol plants in the country using indigenous technology, Union Minister of Petroleum and Natural Gas Hardeep Singh Puri said on Tuesday. BHEL (Hyderabad and Trichy), Thermax, and IIT Delhi are working on the project, the Union minister said while inaugurating the demo run of an Inland Water Vessel powered by Methanol blended Diesel (MD15) on the Brahmaputra here. The low-carbon boat ride was done on a 50-seater motor launch marine vessel named 'SB Gangadhar' by Puri and Union Minister of State for Petroleum and Natural Gas Rameshwar Teli. Methanol is a cost-effective alternative marine fuel, less expensive than other marine fuels and is economical in terms of developing shoreside storage and bunkering infrastructure, Puri said. Assam Petrochemical Limited (APL), Namrup, currently produces about 100 TPD of Methanol and is implementing a new project for the production of 500 TPD of Methanol, Puri said at the event, organised as a part of the .

PM Modi always prioritised energy sector of Northeast: Hardeep Singh Puri

Prime Minister Narendra Modi has always prioritised the energy sector of the North East, Petroleum and Natural Gas Minister Hardeep Singh Puri said here on Monday. The prime minister's priority is to put the region in the high growth trajectory and as such he is putting great emphasis on the energy sector, Puri said while participating at the run-up to the India Energy Week event here tonight. Without giving any detail, the Union minister said several big projects in the sector are also in the pipeline in the region. The Petroleum and Natural Gas minister was also present at the signing of the Memorandum of Understanding (MoU) between Numaligarh Refinery Limited (NRL) and the Assam government to set up three bamboo nurseries that were signed on the occasion. Each nursery will cover an area of five hectares to accomplish secondary hardening of tissue-cultured bamboo saplings and will be set up in Golaghat, Nagaon and Sonitpur. The three bamboo nurseries will generate saplings that

Puri hopes for cut in petrol prices no sooner oil firms recoup past losses

Oil Minister Hardeep Singh Puri on Sunday hoped petrol prices will be reduced no sooner state-owned oil companies recoup past losses. State-owned Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) have for the past 15 months not revised petrol and diesel prices in line with the cost. The losses incurred are now being recouped after oil prices slid. "I will hope if under-recoveries (or losses) end, prices should come down," he said at an event here. Softening of international prices from multi-year peak hit last year had led to companies making profit on petrol but they continue to incur losses on diesel. At one time, profit on petrol was Rs 10 per litre but subsequent firming of oil prices have trimmed it down to halve. Diesel losses have widened to Rs 13 a litre from Rs 10-11 earlier this month, industry sources said. Puri said oil companies acted as responsible corporate citizens by not burdening consumers of the

India increasing domestic oil and gas exploration: Hardeep Singh Puri

India, the world's third largest energy consumer, is increasing domestic oil and gas exploration, diversifying import basket, switching to alternate sources and using gas and green hydrogen as a pathway to energy transition and security, Oil Minister Hardeep Singh Puri said Sunday. Puri, who was here for an event showcasing age-old boats on the 'ghats' of the holy city switching to CNG instead of polluting diesel, said India is projected to contribute fourth of the world's energy demand growth in next couple of decades. While the nation is dependent on imports to meet 85 per cent of its oil needs and 50 per cent of its natural gas requirements, India is mixing ethanol extracted from sugarcane and other agri produce in petrol to cut overseas reliance. It will achieve 20 per cent ethanol blending in petrol by 2025, Puri said. "Our energy security strategy is based on four pillars of diversification of energy supplies, increasing exploration and production footprint, using alternate

Puri asks automakers to start introducing green vehicles in market

Puri said India is a place where it's not just economies of scale but where "when we do something hundreds and thousands of people will follow"

Ethanol blending in petrol rose to 10.17% in July 2022: Petroleum Minister

"India has increased the ethanol blending in petrol from 1.53 per cent in 2013-14 to 10.17 per cent in July 2022," an official statement quoted Puri as saying

OMCs to give green hydrogen plan soon, says Hardeep Singh Puri

Electrolysers use electricity to split water into hydrogen and oxygen. When electricity for the electrolyser comes from renewable sources like wind and solar, the hydrogen produced is called green

Govt working on policy for ethanol pumps, says Union minister Gadkari

Says he will meet with petroleum minister in next 15 days to discuss this

India to explore buying oil from Guyana in long-term deal, says govt

India's Petroleum Minister Hardeep Singh Puri met Guyana's President Mohamed Irfaan Ali on Thursday

Puri releases guidelines for ranking cities based on financial performance

Union Minister of Housing and Urban Affairs Hardeep Singh Puri released on Wednesday draft guidelines for a new ranking system of cities based on financial performance and beautification. "India has embarked on the most ambitious plan for urban rejuvenation undertaken anywhere in the world. A healthy sense of competition gives the best performing cities a sense of pride," he said at the launch event. City Finance Rankings 2022 aim to evaluate, recognise and reward urban local bodies (ULBs) on the basis of their strength across three financial parameters -- resource mobilisation, expenditure performance and fiscal governance systems. According to Manoj Joshi, Secretary of the Ministry of Housing and Urban Affairs, it is also an effort to analyse and help the ULBs in identifying areas in their financial performance where they can make further improvements, to be able to deliver quality infrastructure and services, and hence a good quality of life to its citizens. "The city finance ..

India will contribute 10% of incremental global petchem demand growth: Puri

India, whose per capita consumption is significantly lower than that of developed economies, will contribute 10 per cent of the incremental growth of global petrochemical demand, Oil Minister Hardeep Singh Puri has said. Petrochemicals, which turn oil and gas into all sorts of daily products -- such as plastics, fertilisers, packaging, clothing, digital devices, medical equipment, detergents or tyres -- are rapidly becoming the largest driver of global oil consumption. They are set to account for more than a third of the growth in oil demand by 2030, and nearly half by 2050, ahead of trucks, aviation and shipping, according to IEA. India is poised to grow strongly from its current level of only 4 per cent of global capacity to satisfy increasing domestic demand. "Petrochemical market size is currently in India about USD 190 billion, whereas the per capita consumption of petrochemical segments is significantly lower, compared to that in developed economies. And this gap offers ...

India preparing to launch 20% ethanol with gasoline: Hardeep Puri

India is preparing to launch sales of 20% ethanol with gasoline and will look to gradually raise its share of the cleaner fuel in its energy mix, the country's oil minister Hardeep Singh Puri said

Six non-BJP ruled states have not reduced VAT on petroleum products: Puri

Six non-BJP ruled states -- West Bengal, Tamil Nadu, Andhra Pradesh, Telengana, Kerala and Jharkhand -- have not reduced the VAT on petroleum products, leading to higher prices of petrol and diesel there, Petroleum Minister Hardeep Singh Puri said on Thursday. Puri said in Lok Sabha that the central government has reduced excise duty on petroleum products and some other states, following cues, reduced their Value Added Tax (VAT). Six states -- West Bengal, Tamil Nadu, Andhra Pradesh, Telengana, Kerala and Jharkhand -- have not reduced the VAT, he said amidst vocal protests by the opposition members. "Some of them are charging VAT at the rate of Rs 17 and other non-BJP states are charging at Rs 32. So, there is a differential. When the member was saying that today the cost of petrol is Rs 100 per litre in some places -- in some places which are non-BJP states -- and in other states, it is Rs 8-10 cheaper," he said. The minister said, currently the petrol price in India is one of the

Six non-BJP ruled states have not reduced VAT on petroleum products: Govt

Six non-BJP ruled states West Bengal, Tamil Nadu, Andhra Pradesh, Telengana, Kerala and Jharkhand have not reduced the VAT on petroleum products, leading to higher prices of petrol and diesel there, Petroleum Minister Hardeep Singh Puri said on Thursday. Puri said in Lok Sabha that the central government has reduced excise duty on petroleum products and some other states, following cues, and reduced their Value Added Tax (VAT). Six states West Bengal, Tamil Nadu, Andhra Pradesh, Telengana, Kerala and Jharkhand have not reduced the VAT, he said amidst vocal protests by the opposition members. The minister said, currently the petrol price in India is one of the lowest. He said the oil marketing companies together suffered losses of Rs 27,276 crore due to high prices of crude in international markets. I suggest MPs from the opposition impress upon their state governments to reduce the VAT so that they can also join the celebrations, he said. Puri said India imports more than 85 p

LPG connections up to 325 million: Union minister Puri tells Lok Sabha

Number of LPG connections increased from 14 crore in 2014 to 32.5 crore this year. Of these, 9.6 crore connections were provided under Pradhan Mantri Ujjwala Yojana (PMUY), Union Minister Hardeep Singh Puri told the Lok Sabha on Thursday. To create awareness and improve LPG usage among PMUY beneficiaries, the government and Oil Marketing Companies organised LPG panchayats, social media campaigns and public events across the country, the minister for petroleum and natural gas said during the Question Hour. Highlighting the steps taken by the government to encourage LPG consumption, Puri said a subsidy of Rs 200 on 14.2 kg refill up to 12 refills per year had been given for 2022-23, in addition to the options of 5 kg Double Bottle Connection and swap from 14.2 kg to 5 Kg, upto three free refills under Pradhan Mantri Garib Kalyan Package from April to December 2020. The PMUY was launched in 2016. Despite rise in international prices, he said, the government maintained a lower gas ..

Delhi municipal corporation polls: Campaign for elections to end today

The campaign for the high-profile MCD elections will come end on Friday, with top campaigners, including Chief Minister Arvind Kejriwal, Union ministers like Piyush Goyal and Hardeep Singh Puri, reaching out to voters in full swing through public meetings and roadshows. The voting for the Municipal Corporation of Delhi polls will be held on Sunday and counting will take place on December 7. The BJP will be holding 210 programmes on Friday and the party's senior ministers Puri, Goyal and Anurag Thakur along with Uttarakhand Chief Minister Pushkar Singh Dhami, Deputy Chief Minister of UP Keshav Prasad Maurya will be holding roadshows to woo the voters. Earlier, Kejriwal attacked the BJP over their power-packed campaign saying they have invited seven of its chief ministers, one of its deputy chief ministers, and 17 Union ministers to campaign in the MCD elections and to attack an ''aam aadmi'' like him. The Aam Aadmi Party, on the other hand, has also witnessed its star campaigners, .

Construction tech key for India to achieve zero emissions by 2070: H S Puri

The minister notes that the built environment generates significant carbon emissions accounting for almost 39% of gross carbon emissions worldwide

Domestic LPG cylinders to come with QR codes: Check benefits, other details

"All domestic gas cylinders will have QR code in the next three months", said IOCL chairman Shrikant Madhav