New Delhi, Sep 25 (ANI): The Ministry of Petroleum and Natural Gas has shied away from introducing comprehensive energy subsidy cuts and on the contrary taken up a campaign on conservation of resources. Union Oil Minister M Veerappa Moily stated this at a news conference in New Delhi. He asked the citizens of the country to embrace car pooling, buses and cycling as well in a bid to curb fuel consumption. Moily said that he hoped to save $5 billion from fuel conservation measures even as he shied away from substantial measures such as raising diesel and other fuel prices as the electoral cycle hots up with polls due to be held by May 2014. Meanwhile, commenting on the 5 billion 'mega fuel conservation campaign', Moily said that the Petroleum Conservation Research Association (PCRA) of his ministry along with various stake holders will join hands to promote fuel conservation in a variety of sectors.
