Petrol price will remain Rs 15 per litre, Nitin Gadkari told the formula


New Delhi: There has been no change in the price of petrol and diesel in the country for more than a year. The price of petrol remains around Rs 100. Internationally, there has been a lot of fluctuation in the price of crude oil in the last one year, but the oil marketing companies have not made any change in the price of petrol and diesel. According to Union Road Transport and Highways Minister Nitin Gadkari, the price of petrol in the country may come down to Rs 15 per liter in the next few months. He says that new vehicles running completely on ethanol will be introduced in the country. In August, he will launch Toyota’s Camry car, which will run on 60 percent ethanol and 40 percent electricity.

Gadkari said in a program recently, ‘The farmer will become energy provider, not just food provider, this is the thinking of our government. I am launching Toyota company vehicles in August. Now vehicles like Camry and Innova will run on ethanol prepared by farmers. 60% ethanol and 40% electricity. If its average is taken out, the price of petrol will be Rs 15 per litre. This will benefit the public. The farmer will become an energy provider, the country’s pollution will reduce. Import will be less. There is an import of Rs 16 lakh crore. Instead, this money will go to the farmers’ homes. Villages will be prosperous. The son of the farmer of the village will get employment.

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when will the price decrease

In the financial year 2022-23, India had imported crude worth $ 158 billion, while in 2021-22 this amount was $ 121 billion. If seen in terms of volume, India’s crude import in 2022-23 increased by 9.4 percent to 23.24 metric tonnes. India’s import dependence increased to 87.3 per cent last year, compared to 85.5 per cent in the previous year. Recently, Petroleum Minister Hardeep Singh Puri had said that if the price of crude oil remains stable, then oil marketing companies may decide to cut the price of petrol and diesel. If the performance of these companies is good in the next quarter, then they will be in a better position to cut the prices of petrol and diesel.

Oil marketing companies last changed the price of petrol and diesel in April last year. In May, the Center reduced excise duty on petrol and diesel. Since then there has been no change in the price of petrol and diesel in the country. Petrol price in Delhi is Rs 96.72 and diesel is Rs 89.62 per liter. Assembly elections are to be held in many states this year and then general elections will be held in the country next year. That’s why it is believed that the price of petrol and diesel can be reduced in the coming days.

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