India has demonstrated great resilience in Face of Global Energy Crisis: Petroleum Minister Hardeep Singh Puri
Admin
Sep 13, 2022 12:20
73
Hardeep Singh Puri, Minister for Petroleum and Natural Gas, in a media event held on 9th September 2022, witnessed signing of contracts for 31 Discovered Small Fields (DSF) blocks under DSF bid round-III and 4 CBM blocks under CBM bid round-V awarded to 14 E&P domestic companies.
During the event, Minister also unveiled the logo for India Energy Week (IEW) 2023, the Ministry’s flagship event taking place from 6th-8th February 2023 in Bengaluru, India.
In the Open House following the Contract Exchange event, the Minister highlighted the following:
• India has demonstrated great resilience in the face of global energy crisis;
• Government of India has taken several measures to minimize and mitigate the volatility of global crude oil and gas prices. Fuel price rise in India have been contained in comparison to exponential rise in developed countries. Most of the developed nations have witnessed significant inflation rise in Gasoline price by almost 40% during July 21 to Aug’22, while in India, gasoline price has reduced by 2.12%;
