Amit Kumar, New Delhi: The price of petrol and diesel in the country is steadily increasing. Daily rising oil prices are breaking new records. The price of petrol and diesel is being sold at the highest level across the country.
The price of petrol has crossed 100 rupees for the first time in the country. Meanwhile, Prime Minister Narendra Modi has said that the middle class would not have to face such difficulties if the previous governments had paid attention to the dependence on energy imports.
Without mentioning the steady increase in fuel prices, the Prime Minister said that in 2019-20, India imported 85 percent oil and 53 percent gas to meet domestic demands.
After inaugurating the Ramanathapuram-Thoothukudi section of Ennore-Thiruvallur-Bengaluru-Puducherry-Nagapattinam-Madurai-Tuticorin natural gas pipeline in Tamil Nadu on Wednesday, PM Modi blamed the policies of previous governments for the present situation.
"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," PM Modi said.
"It is our collective responsibility to work on clean and green sources while being self-sufficient in the field of energy. Our government is concerned about the burden on the middle class. That is why India is now emphasizing on mixing ethanol in petrol. This will benefit the farmers as well as the customers. ”The government has set a target of increasing the ethanol mixture in petrol to 20 percent by 2025, which is currently 8.5 percent," he added.
"While India is focusing on reducing dependence on energy imports, on the other hand, it is diversifying its resources to reduce the risk. The emphasis of our government is on renewable sources of energy and by 2030 we have set a target to increase the share of renewable energy sources to 40% of the total energy production."
In Asian countries including India and China, there is a steady increase in the demand for crude oil. Due to this, the international crude oil market is seeing a rise in the price of crude oil. The WTI Crude rose $ 0.66 to $ 61.80 a barrel on the London Crude Oil Exchange yesterday. There is also a sharp trend in the price of Brent crude. It rose $ 0.99 per barrel to $ 64.34 per barrel.
Significantly, this year i.e. in January and February, petrol has become expensive up to Rs 6.07 in just 22 days. Whereas in the last 10 months, the price of petrol has increased by more than Rs 19 per liter. At the same time, this diesel has become expensive by Rs 6.40 per liter so far. Whereas in the last 10 months, the price of diesel has increased by about Rs 17.