Government Measures to Mitigate Impact of Global Oil Price Fluctuations
Union Minister of Petroleum and Natural Gas, Shri Hardeep Singh Puri, announced the government's commitment to energy security and affordability in response to global crude oil price fluctuations. Despite rising international prices, domestic petrol and diesel prices have decreased due to government interventions, including excise duty reductions and intra-state freight rationalization. The government is also promoting alternative energy sources and biofuels, aiming for significant ethanol blending by 2025-26.
Source: Original Link