Petrol-diesel prices crossed the Rs 100 mark on Wednesday for the first time in the country for the ninth consecutive day. Meanwhile, on the rising prices of petrol, Prime Minister Narendra Modi said that the middle class would not have had such difficulty if the earlier governments had paid attention to the dependence of energy imports.
Without mentioning the steady increase in fuel prices, he said that in 2019-20, India imported 85 percent oil and 53 percent gas to meet its domestic demands.
After inaugurating the Ramanathapuram-Thoothukudi section of Ennore-Thiruvallur-Bengaluru-Puducherry-Nagapattinam-Madurai-Tuticorin natural gas pipeline in Tamil Nadu, the Prime Minister said in his address, “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. ”
He said, “It is our collective duty to work towards clean and green energy sources and reduce energy dependence. The price of petrol in the country today crossed 100 rupees for the first time. In Rajasthan, the price of petrol completed a century, while in Madhya Pradesh it reached very close to putting a hundred. It is to be known that fuel prices in the country depend on international rates.
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 would help in reducing imports and would also give farmers an income option. The PM said that the government is focusing on renewable sources of energy and by 2030 the country will produce 40 percent energy. He said, “About 6.52 million tonnes of petroleum products have been exported. This number is expected to increase even further. Our companies have invested abroad in the acquisition of quality oil and gas assets.
Apart from this, he said that the government has planned to spend Rs 7.5 lakh crore in the construction of oil and gas infrastructure over five years and has been focused 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. Connecting via video conference at an event organized on the occasion, the Prime Minister also dedicated to the nation the sulfur-free gasification unit of Manali-based Chennai Petroleum Corporation Limited and laid the foundation stone of the Cauvery Basin Refinery at Nagapattinam.
The Ramanathapuram-Thoothukudi section will be 143 kilometers long. It has cost about 700 crores rupees. The project will help in utilizing the gas from the Oil and Natural Gas Commission (ONGC) gas fields and making the natural gas available to industries and other commercial consumers.
Construction of a sulfur-free gasoline unit has cost about Rs 500 crore. 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 also be a contribution towards clean environment.
The Kaveri Basin Refinery to be set up at Nagapattinam will have a capacity of 90 lakh MT per year. It will be set up through a joint venture of Indian Oil Corporation Limited (IOCL) and Chennai Petroleum Corporation Limited (CPCL) at an estimated cost of Rs 31,500 crore.
It will produce motor spirit, diesel and polypropylene as a value-added product meeting BS-VI specifications. According to the Prime Minister’s Office (PMO), the start of these projects will bring social and economic benefits to the state. Apart from this, the country will also move towards self-sufficiency of energy. On this occasion, Tamil Nadu Governor Banwarilal Purohit, State Chief Minister E.K. Palanisamy and Petroleum Minister Dharmendra Pradhan were also present.