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Petrol at Rs 100: PM Modi blames previous govts

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Petrol at Rs 100: PM Modi blames previous govts

On a day when petrol crossed the Rs 100 mark, Prime Minister Narendra Modi on Wednesday said the middle-class would not have been burdened if the previous governments had focussed on reducing India’s energy import dependence.

Without referring to the relentless increase in retail fuel prices, which are linked to international rates, he said India imported over 85 per cent of its oil needs in the 2019-20 financial year and 53 per cent of its gas requirement.

“Can a diverse and talented nation like ours be so energy import dependent?” he asked, addressing an online event to inaugurate oil and gas projects in poll-bound Tamil Nadu.

“I do not want to criticise anyone but I want to say (that) had we focused on this subject much earlier, our middle-class would not be burdened,” he said.

Price of petrol crossed the Rs 100 per litre mark in Rajasthan after fuel rates were hiked for the ninth day in a row. Since India imports the majority of its oil needs, retail rates are benchmarked to international prices, which have spiralled in recent weeks.

Opposition parties including Congress have criticised the price hikes, blaming it on the Modi government raising taxes to scoop out the benefit that arose from international oil rates plunging to a two-decade low in April/May last year. While global rates have rebounded with pick up in demand, the government has not restored the taxes, which are at a record high.

Central and state taxes make up for 60 per cent of the retail selling price of petrol and over 54 per cent of diesel.

The Prime Minister further said it was a collective duty to work towards clean and green sources of energy as well as energy independence.

“Our government is sensitive to the concerns of the middle class. That is why India is now increasing the focus on ethanol to help farmers and consumers,” he said.

Ethanol extracted from sugarcane is being doped in petrol to reduce the requirement of imports. Currently, 8.5 per cent of petrol is ethanol and this proportion is targeted to be raised to 20 per cent by 2025, helping cut imports as well as give farmers an alternate source of income.

India, he said, is looking to cut energy import dependence as well as diversify its sources to reduce risks.

The focus now is also towards using renewable sources of energy, which will by 2030 form 40 per cent of energy generated in the country, he said, listing measures such as increased share of solar power, focus on public transport, switching to LED bulbs, scrappage policy for vehicles and use of solar pumps in irrigation.

“Today, India is increasing the share of energy from renewable sources. By 2030, 40 per cent of all energy will be generated from green energy sources,” he said.

Modi further said India is looking to reduce energy import dependence through capacity building. “In 2019-20, we were fourth in the world in (oil) refining capacity. About 65.2 million tonnes of petroleum product have been exported. This number is expected to rise even further.” — PTI

https://news.rediff.com/commentary/2021/feb/17/...

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Generous Generous
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Lol…atleast wasn’t expecting in this ki isme b nehru ka hath hoga 

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Critic Critic
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Generous Generous
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Haha. Modi ji’s unwavering confidence in the mental capacity of his followers to scuk up to whatever vomitus he puts out, is really mind boggling.

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Generous Generous
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Lol…atleast wasn’t expecting in this ki isme b nehru ka hath hoga 

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Entertainer Entertainer
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Mobile Guru Mobile Guru
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Super Stud Super Stud
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Best explanation
one discussion thread deleted on dd so bach ke rahena padega
sweat_smile sweat_smile sweat_smile joy joy joy

Mobile Guru Mobile Guru
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Generous Generous
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Haha. Modi ji’s unwavering confidence in the mental capacity of his followers to scuk up to whatever vomitus he puts out, is really mind boggling.

Generous Generous
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I was actually expecting this to be some Satire. But then, anything is possible with Modi ji and his followers. There is no limit to the depth of shameless, hypocrisy, intellectual disability when it comes to this gang.

Deal Major Deal Major
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but people say he works hard delivers and keeps his followers happy

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Super Stud Super Stud
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Motiji ke bhakt bahut reech hai smiley

Super Stud Super Stud
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Motiji ke bhakt bahut reech hai smiley

Mobile Guru Mobile Guru
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https://cdn0.desidime.com/attachments/photos/666350/medium/nagarpalika.memes_-20210219-0001.jpg?1613674561

Tech Guru Tech Guru
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Nehru n Congress ki dirt bahat deep jami hai. Par safai ho rha hai jisme koi shak nai. 🙂

Entertainer Entertainer
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Now media is busy justifying this increase. Diverting attention towards state VAT, and highlighting Dealer’s commission again and again.

Tech Guru Tech Guru
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Logon ki general awareness badhni chahiye. Warna idhar udhar se dekh ke shor machane lagte hain 🤣🤣

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Mobile Guru Mobile Guru
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Deal Subedar Deal Subedar
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Entertainer Entertainer
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So many other party villains are now in BJP, still they are blaming other parties only 😁😁 Arey bhai woh jo Dusht tha woh toh Dusht hi rahega, chaahe Bhajapa join kar le yaa Congress 😏😏

Expired products got a different brand label with a new packaging and consumers only seeing discounted price 👏👏

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Deal Subedar Deal Subedar
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Deal Subedar Deal Subedar
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Under the dreams of a golden budget, middle class is still getting pounded. Fuel is one such commodity that rarely gets cheaper in India and any hike in petrol/diesel indirectly makes everything expensive.

I found this crude oil price chart, is this correct thing I am looking that, which is referred by govt. in explaining rise in petrol prices due to increase in crude oil price?


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Mobile Guru Mobile Guru
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https://cdn0.desidime.com/attachments/photos/668586/medium/FB_IMG_16144201548514266.jpg?1614449162

Deal Cadet Deal Cadet
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Is that an Arab with his donkey??

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