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No shortage of petroleum products: Petroleum Minister

| | Jul 08, 2014, at 03:57 am
#No shortage of petroleum products: Petroleum Minister
New Delhi, July 7 (IBNS): Minister of State for Petroleum & Natural Gas Dharamendra Pradhan on Monday informed the Lok Sabha in a written reply that no shortage of petroleum products due is envisaged due to the present internal crisis in Iraq.
He also said that to ensure energy security for India, the Oil companies are continuously engaged in diversifying their crude basket to eliminate dependence on any particular country or region. 
 
 Earlier, amid speculations that prices of subsidised LPG and PDS Kerosene will be hiked, the Ministry of Petroleum & Natural Gas on Friday said there has been no such proposal.
 
"Certain media reports have appeared, speculating about increase in prices of subsidised LPG and PDS Kerosene. It is clarified that the Ministry of Petroleum and Natural gas is not proposing any increase in their prices," the Ministry said in a statement.
 
State-run oil marketing companies on Wednesday increased prices of non-subsidised cooking gas or liquefied petroleum gas (LPG) by Rs.16.50 per cylinder and aviation turbine fuel ( ATF) or jet fuel by over half percent as global crude prices surged due to the Iraq crisis.
 

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