Federal Minister’s Statement: Will The Price Of Petrol And Diesel Drop Soon?
Petrol and diesel prices will remain unchanged two days after the last hike on Sunday, Oct. 24.
The rising price of gasoline and diesel in the country is detrimental to the average citizen. However, after the latest spike, Petrol and diesel prices have remained unchanged for the past two days, following the last increase on Sunday, Oct. 24, 2021.
Much to the relief of consumers, Oil and Gas Minister Hardip Singh Puri explained the center’s intent on the matter.
Asked about the increase in domestic fuel prices, Minister Puri said the government had negotiated with crude oil producers such like Saudi Arabia and Russia. Federal Minister’s Statement said, “We work at different levels. I spoke to my colleagues in Saudi Arabia, the Gulf States, and Russia.”
Federal Minister’s Statement With an increase of IDR 0.35 on Sunday, the price of Petrol in the capital rose to IDR 107.59 per liter. Diesel prices also rose in Delhi by 0.35 rupees to 96.32 rupees per liter on Sunday. Petrol costs 113.46 rupees per liter in Mumbai, while diesel costs 104.38 rupees. In Calcutta, Petrol costs 108.11 rupees per liter, while diesel costs 99.43 rupees per liter. In Chennai, Petrol also diesel prices are Rs 104.52 and Rs 100.59 per liter, respectively. Rates have increased across the country also vary from country to country, depending on the distribution of VAT.
Puri added that the excise duty remains the same as in April 2010. “For example, when the international price is 1960 cents or 64 cents per liter, we also increase the rupee to 32 per liter,” he said. “Now it costs $75 per liter; we are still charging the same 32 rupees per liter.
On Aug. 18, Puri blamed the former United Progressive Alliance government for the 2010 deregulation of gasoline and diesel prices, saying the move would affect local markets if international fuel rates changed. He also claimed that before 2014, the congressional government issued 1.34 lakh crore oil bonds to control gasoline prices. Puri claims that Congress transferred this “problem” to the Bharatiya Janata Party government.
