Business Desk, AnyTV, New Delhi
Published by: Deepak Chaturvedi
Updated Tue, 08 Mar 2022 05:14 PM IST
Summary
Union Petroleum Minister Hardeep Singh Puri said on Tuesday that, to say that we did not increase the prices due to the assembly elections in five states of the country. It would be totally wrong to say that. He said that the companies have to decide about the oil prices, because they also have to stay in the market.
As the market is hot for some time, after the assembly elections held in five states, the prices of petrol and diesel may increase rapidly in the country. Reports also said that fuel prices have remained stable for the past four months due to elections. On this, a big statement of the Petroleum Minister has come to the fore soon after the end of the election. He has said that the elections have nothing to do with the non-change in the prices of petrol and diesel.
Union Minister said this big thing
Union Petroleum Minister Hardeep Singh Puri said on Tuesday, amid speculation that petrol and diesel prices would increase, to say that we did not increase the prices due to the assembly elections in five states of the country. It would be totally wrong to say that. He said that the companies have to decide about the oil prices, because they also have to stay in the market. Oil prices are determined according to the international market.
Will not let the effect of war
Union Minister Puri further said that due to the ongoing war between Russia and Ukraine, we will not allow shortage of oil in India. Whatever decision we take next, we will take it keeping in mind the interests of our citizens. Significantly, the war between Russia and Ukraine has been going on for the last 12 days and the major impact of this war is being seen on the prices of crude oil. Crude oil prices have reached a record high of $140 internationally. In such a situation, it is feared that the effect of rising crude oil prices can be seen in the form of increase in the price of petrol and diesel in India.
Expansion
As the market is hot for some time, after the assembly elections held in five states, the prices of petrol and diesel may increase rapidly in the country. Reports also said that fuel prices have remained stable for the past four months due to elections. On this, a big statement of the Petroleum Minister has come to the fore soon after the end of the election. He has said that the elections have nothing to do with the non-change in the prices of petrol and diesel.
Union Minister said this big thing
Union Petroleum Minister Hardeep Singh Puri said on Tuesday, amid speculation that petrol and diesel prices would increase, to say that we did not increase the prices due to the assembly elections in five states of the country. It would be totally wrong to say that. He said that the companies have to decide about the oil prices, because they also have to stay in the market. Oil prices are determined according to the international market.
Will not let the effect of war
Union Minister Puri further said that due to the ongoing war between Russia and Ukraine, we will not allow shortage of oil in India. Whatever decision we take next, we will take it keeping in mind the interests of our citizens. Significantly, the war between Russia and Ukraine has been going on for the last 12 days and the major impact of this war is being seen on the prices of crude oil. Crude oil prices have reached a record high of $140 internationally. In such a situation, it is feared that the effect of rising crude oil prices can be seen in the form of increase in the price of petrol and diesel in India.