New Delhi: Petroleum and Pure Gas Minister Hardeep Singh Puri on Wednesday stated there is no such thing as a proposal to chop petrol and diesel costs at current as there’s “high volatility” in international crude oil costs.
The minister dismissed media stories about gasoline value lower as ‘hypothesis’ and stated the federal government’s prime precedence is vitality availability.
He additionally stated that just lately when crude oil costs have been skyrocketing, oil advertising firms – Indian Oil, BPCL and HPCL had suffered big losses.
The minister stated there was no dialogue with oil advertising firms on reducing gasoline costs they usually desire a secure and optimistic forward-looking state of affairs when it comes to pricing.
The minister stated that India is the one nation the place gasoline costs have come down in current months.
“In South Asian countries, petrol and diesel prices increased by about 40-80 per cent. If you look at the western industrialized world, prices have gone up there, but in India prices have come down,” Puri stated.
“We have been able to do this because of visionary and visionary leadership. The central excise duty cut was made on two occasions, in November 2021 and May 2022 and we implemented it in 2023,” he stated.
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