Why the public did not get the benefit even after the price of crude oil decreased by Rs 16.75: Congress


New Delhi: The Congress on Wednesday stated that the value of crude oil has come down by Rs 16.75 per liter within the final 305 days, however why has the profit not been handed on to the widespread individuals of the nation? Party spokesperson Gaurav Vallabh additionally raised the query that which personal sector individuals imported crude oil from Russia and at what charge?

He advised reporters, “When the costs of crude oil improve within the worldwide market, petrol and diesel turn into costly. However when the costs come down, the countrymen don’t get its profit. That’s, when crude oil is dear, the countrymen fill it and when crude oil is affordable, the revenue goes into the pocket of the federal government. The spokesperson stated, “The worth of crude oil in May 2022 was $ 109.5 per barrel, which was $ 70.69 per barrel on March 20 final. If we speak about rupees and per liter, then in May 2022, crude oil was getting Rs.53.45 per liter, then on March 20, 2023, it turned Rs.36.68 per liter.

He stated, “In the last 305 days, the price of crude oil has come down by Rs 16.75, why people are not getting the benefit of that?” Vallabh claimed, “Claims had been made that crude oil is being purchased from Russia at $45 per barrel, however authorities figures present that there’s a revenue of solely two {dollars} per barrel on the import of crude oil from Russia. He additionally requested the query, “The federal government ought to inform that which personal sector individuals bought crude oil from Russia and at what worth?

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