Summary:

Hardeep Singh Puri, Minister of Petroleum and Natural Gas, noted a significant increase in piped gas connections in India, which are expected to reach 1.32 crore by 2024, up from 25 lakh in 2014. He emphasized the notable improvements that have enhanced energy supply, affordability, and sustainability. Refining capacity has climbed to 256.8 MMTPA, ethanol blending has increased to 15%, LPG connections have risen to over 32.73 crore, and the natural gas pipeline network has expanded to 24,881 km.

He also addressed fuel prices, highlighting that India insulated itself from rising global rates by reducing excise duties. From January 2022 to July 2024, India maintained steady fuel prices while many advanced nations experienced increases. On August 14, he announced an increase in Petronet LNG's Dahej terminal capacity to 22.5 MMTPA from 17.5 MMTPA, supporting India’s goal of energy self-sufficiency. The Dahej terminal remains India's largest LNG storage facility.

Source: IBEF

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