India needs to reduce dependence on import of crude oil, says Nitin Gadkari

By Rajan Nath -- October 26, 2021 9:21 am -- Updated:October 26, 2021 9:31 am

Amid rising petrol and diesel prices in India, Union Minister for Road Transport and Highways Nitin Gadkari on Monday said that the country imports petrol and diesel worth Rs 8 lakh crore and it will increase to Rs 25 lakh crore in the next five years if the trend of its utilisation continues.

"India currently spends nearly Rs 8 lakh crore on import of diesel and petrol, which may increase to Rs 25 lakh crore in next five years, if the trend continues. Diesel and petrol are not good for the environment," Nitin Gadkari said.

Also Read | T20 World Cup 2021, India vs Pakistan: Indian fans disappointed after Pak defeat India by 10 wickets

Petrol, Diesel Price Today: Diesel Becomes Cheaper After 31 Days, Know Fuel Rates

He further said that the people of Delhi need not be told about the pollution that happens due to petrol and diesel.

Also Read | Petrol, diesel prices in India increased for 5th consecutive day

Nitin Gadkari bats for green hydrogen; says India needs to reduce oil imports - The Economic Times

Pitching people to switch to alternative fuels for vehicles, the union minister said, "I urged the investors to take interest in manufacturing ethanol and other cleaner and indigenous fuels to reduce dependence on import of the crude oil."

Nitin Gadkari also said that in the future country's public transport will witness a change and will switch to alternative fuel.

"In electric vehicles, we have lithium-ion batteries. About 80 percent of lithium-ion battery is being manufactured within the country. In the next six months, we will achieve 100 percent of its manufacturing in the country. Its cost is also reducing," he said.

Rising Petrol Price 'Agitating People', Alternate Fuel May Bring Relief: Nitin Gadkari

"Situation of state-run Discoms are very bad and are running on losses. In power, their principle is 'more generation, more losses, no generation, no losses'," he said.

"In the near future, India would need more power as there is a probability that economic growth of the country will accelerate. So, probably in December, January, February, March, April, and May, we may face the problem of power shortage," he added.

-PTC News

  • Share