Connect with us

Politics

Gasoline prices | Gasoline at Rs 100: PM Modi says to reduce dependence on imports

Avatar

Published

on


Representative image

Gasoline at Rs 100: PM Modi says reducing dependence on imports | Photo credit: BCCL

New Delhi: On a day when gasoline broke the 100 rupee mark, Prime Minister Narendra Modi said on Wednesday that the middle class would not have been overwhelmed if previous governments had focused on reducing the energy dependence of the country. India.

Not to mention the relentless increase in retail fuel prices, which are tied to international tariffs, he said India was importing over 85% of its oil needs in FY 2019-20 and close to 53% of its gas needs.

“Can we be so dependent on imports? I don’t want to criticize anyone but I mean (that) if we had focused on this topic earlier, our middle class wouldn’t have been overwhelmed,” he said. at a conference to inaugurate oil and gas projects in Tamil Nadu.

The price of gasoline has crossed the Rs 100 per liter mark in Rajasthan after a fuel price hike for the ninth consecutive day. As India imports the majority of its oil needs, retail tariffs are benchmarked against international prices, which have exploded in recent weeks.

Modi said his government was sensitive to the concerns of the middle class and therefore focused on increasing the share of ethanol blending in gasoline. Ethanol extracted from sugar cane will help reduce imports and provide farmers with another source of income.

India, he said, is seeking to reduce its dependence on energy imports and diversify its sources to reduce risk. The focus is now also on the use of renewable energy sources, which by 2030 will constitute 40% of the energy produced in the country, he said.

In addition, the government is working to increase the share of natural gas in the energy basket to 15% from the current 6.3% and is committed to placing it under the goods and services tax (GST ) to eliminate the cascading effect of multiple taxes. , he added.



What Are The Main Benefits Of Comparing Car Insurance Quotes Online

LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos



picture credit

ExBUlletin

to request, modification Contact us at Here or [email protected]