1st August, 2002
Ministry of Petroleum & Natural Gas  


RAM NAIK LAUDS OIL PSUs FOR MAINTAINING PRICE LEVEL

MOTORBIKE EXPEDITION TO CHARLIE POINT FLAGGED OFF


Shri Ram Naik, Minister of Petroleum & Natural Gas, praised that the Public Sector Oil Marketing Companies for keeping the prices of Petrol (MS) and Diesel (HSD) unchanged for the third consecutive fortnight which has brought solace to the consumers. He pointed out that the oil companies were able to maintain the prices due to the stability in the international prices of these products. It may be recalled that after APM dismantling the oil companies have been reviewing prices of petrol and diesel every fortnight since June 2002 for arriving at a decision whether any revision in the existing prices was required or not. The last revision in the prices came about on 15th June 2002. The Minister was speaking at a function here today to flag off the Motorbike Expedition to Charlie Point in Ladakh organised by the Bikers for Integration and Conservation of Environment.

The Expedition titled as "Spirit of Freedom" is likely to cover around 6000 Kms out of which 4000 kms will be trans-Himalyan tracks. The members of expedition team will cross the Kargil area which has been the scene of supreme sacrifices made by brave Indian Soldiers while driving away the enemies. Besides, paying tributes to our Armed Forces, the expedition aims at forging a closer bond with the people of those regions, promote national integration and spread the message of peace. They would traverse some of the highest and most challenging terrains in the world. The expedition has been sponsored by the Navratna Oil PSU, Indian Oil Corporation. The expedition team is largely comprises of journalists.