Petrol price is a deregulated commodity, price of which is decided by our oil marketing companies based on input cost and other parameters.
Fuel conservation is as important as fuel production.
Fuel conservation is a necessity, and I have to be the first person to set the example.
The consumption of petroleum should be conserved. We need to adopt some austerity measures. The people should cooperate with us.
I have written to Minister of State for Personnel, Public Grievances and Pensions, asking him to consider 'staggered office timings' for government offices, which will help in decongesting road traffic during peak hours.
If I can save 25 billion dollars in terms of reduction of import, I will be adding one percent to the GDP. By conserving the oil energy by the people, the GDP will become 5.5 percent, and this will change the economy of the country.
India has large proven reserves of gas that remain unexploited.
If all of us work in accordance with rule of law, if rule of law is implemented, we are all safe, investors are safe, people will be safe.
Those who know me would tell you, 'Moily can't be cowed down.' I have plans to enhance domestic oil and gas production.
By 2020, 50 percent of imports should be reduced, which should become 75 percent by 2025. By 2030, India should be energy independent.
Saving petrol is saving India's money. This is a sense of patriotism. The country can be energy-independent by energy conservation. I appeal to the other ministers also to do this.
It's a voluntary act. I cannot punish anyone not taking the public transport, but I want everyone, from the highest ranking officers to the lowest, to take public transport every Wednesday.
We need to do more to conserve fuel or face tougher choices such as steep price increase or even quantitative restrictions.
I am not playing for any lobby. I am playing for national lobby. I will ignore lobby. Anybody has useful suggestion, they can give it to me. The history will speak about it.
I am not suggesting that just by taking the Metro, I will save billions. But I hope others will follow.
