Union Minister Hardeep Puri said – That's why the government is not allowing diesel petrol rates to increase.

New Delhi : The Indian government is very cautious about the prices of oil and gas during the election season. Union Petroleum and Natural Gas Minister Hardeep Singh Puri has said that the government has made its preparations regarding these things related to the general public. The minister indicated in a social media post that oil prices are expected to remain stable amid rising geopolitical tensions in India, as the country has many options to buy crude.

Union Petroleum and Natural Gas Minister Hardeep Singh Puri shared a social media post on Tuesday addressing concerns over potential supply chain disruptions, Puri stressed that India has to ensure access to a diverse range of crude oil suppliers. And have prepared ourselves strategically to manage such situations effectively. More supply is coming into the market from countries like Brazil and Guyana. Currently, the global supply of oil exceeds consumption, keeping the market stable.

Despite geopolitical tensions in some parts of the world, there is no shortage of crude oil in the world. Consuming countries have several options to choose from. More supplies from countries such as Brazil and Guyana are coming into the market. Currently, the global supply of… pic.twitter.com/YenbunWrUr

— Hardeep Singh Puri (@HardeepSPuri) November 4, 2024

Appreciation of Narendra Modi's leadership
Hardeep Singh Puri also said that despite geopolitical tensions in some parts of the world, there is no shortage of crude oil in the world. Consumer countries have many options to choose from. According to Puri, global oil supply is outpacing demand, which will help maintain stable markets and prices in the near future.

Reflecting on India's resilience in maintaining energy security during challenging times, Minister Puri lauded the leadership of Prime Minister Narendra Modi, under whom India has successfully managed the trinity of energy availability, affordability and sustainability. Puri said that even during the times of crisis the world faced a few years ago, India successfully navigated the trinity of energy availability, affordability and sustainability under the leadership of PM Narendra Modi.

Emphasis on Artificial Intelligence

Hardeep Singh Puri reiterated that Indian oil companies will continue to prioritize economic benefits by sourcing crude from suppliers offering the most competitive prices. Apart from addressing energy security, Puri stressed on India's progressive adoption of Artificial Intelligence (AI) in the energy sector.

Today we are at the beginning of a new era. Artificial Intelligence is not only a game changer but is already showing the path to where the changes are coming.
PM @narendramodi Ji saw the significance of AI and all that goes with the fourth industrial revolution very much… pic.twitter.com/YxuuBjt9cS

— Hardeep Singh Puri (@HardeepSPuri) November 5, 2024

Hardeep Singh Puri said, “Today, we are at the beginning of a new era. Artificial Intelligence is not only a game changer, but is already showing where the changes are coming from. The Prime Minister had recognized the importance of AI and the Fourth Industrial Revolution even before many global leaders, making India a leader in integrating AI into energy management. He further added that AI is being leveraged creatively and extensively in the energy industry.”

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Hardeep Singh Puri expressed hope that this trend will continue to grow, which will decide the future of the sector. As the global energy landscape evolves, Puri's comments highlight India's commitment to ensuring energy security and affordability by adopting cutting-edge technology to address emerging challenges and opportunities in the energy sector.