NEW DELHI: Congress President Mallikarjun Kharge has accused PM Modi’s authorities of refusing to decrease petrol and diesel costs regardless of a gradual decline in crude oil prices.
Kharge identified that although world crude costs have fallen by 34% since Could 2014, petrol and diesel costs in India have stayed the identical, placing a pressure on the frequent folks.
Taking to X on Monday, Kharge criticised the BJP-led authorities for “robbing the general public fearlessly” and interesting in an “oil recreation” that fuels inflation. He questioned why gas costs had not been lowered, mentioning that the federal government had collected Rs 36 lakh crore in gas taxes over the previous decade.
“Modi Ji solely tells his ‘Mann Ki Baat’ to the general public via lengthy one-sided podcasts… By participating within the oil recreation, they make us cry tears of inflation!” Kharge posted, straight focusing on the PM’s weekly radio programme ‘Mann Ki Baat’. He additional demanded to know the way lengthy the BJP would proceed “gathering ransom from the general public.”
Petroleum minister hails the passage of the Oilfields Modification Invoice
Amidst Kharge’s assault, union petroleum minister Hardeep Singh Puri defended the federal government’s method, highlighting the current passage of the Oilfields (Regulation and Growth) Modification Invoice 2024 in Lok Sabha. Puri mentioned the amendments would strengthen India’s vitality sector by making certain coverage stability, worldwide arbitration, and prolonged lease durations.
He identified that earlier, a million sq. kilometres of India’s sedimentary basin was a “No Go” space, resulting in elevated import dependence. By opening these areas for exploration, the federal government has inspired funding, with 76% of oil prospecting and exploration exercise now targeted in these newly out there zones. “This has despatched optimistic indicators to potential buyers,” Puri mentioned.
The brand new oilfields invoice replaces the earlier mining lease system with a petroleum lease, protecting exploration, prospecting and manufacturing. Penalty for violations has additionally been raised from a Rs 1,000 high-quality or six months imprisonment to a Rs 25 lakh high-quality. The central authorities retains management over lease laws and phrases.
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