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Who is responsible for the rising prices of petrol and diesel? Minister Dharmendra Pradhan is telling

Petroleum Minister Dharmendra Pradhan on Saturday blamed the oil producing countries for artificially inflating prices. Significantly, retail prices of petrol and diesel are at an all-time high and opposition parties are attacking the government over rising fuel prices. He said that with crude oil being expensive, “We are facing challenges regarding prices.” Explain that the Congress and other opposition parties have criticized the increase in the prices of petroleum products and have demanded an immediate reduction in tax on them.




Pradhan is here to attend the inauguration of the petrochemical park at BPCL Kochi Refinery by Prime Minister Narendra Modi on Sunday. He said that due to the Kovid-19 lockdown, demand for petroleum products worldwide decreased and petroleum producers had to reduce production. He further said, “Now the economy is back up again and India has almost returned to the pre-Kovid-19 position. However, oil producers have not increased production.

He told reporters, “I am sorry to say that the oil producing countries are not thinking about the interests of the consuming countries. They have created artificial pricing mechanisms. This is causing trouble to consumer countries. The minister said that although oil producing countries have said some positive things about increasing production.




No idea to reduce excise duty at present

Petroleum Minister Dharmendra Pradhan said in Parliament on Wednesday that there is currently no idea to reduce excise duty on petroleum products. For the first time since the Kovid crisis in the global market, the price of crude oil has gone up to $ 61 per barrel. India has to depend on 80 percent of its imports for petroleum fuel needs. The Center is levying an excise duty of Rs 32.9 per liter on petrol and Rs 31.80 per liter on diesel.

Parvesh Maurya
Parvesh Maurya
Parvesh Maurya, has 5 years of experience in writing Finance Content, Entertainment news, Cricket and more. He has done BA in English. He loves to Play Sports and read books in free time. In case of any complain or feedback, please contact me @ informalnewz@gmail.com
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