Central government reduce the price of petrol and diesel?
Union Petroleum minister Hardeep Singh puri has denied media reports that petrol and diesel prices will be reduced. There is no change in the price of petrol and diesel across the country for more than 100 days. In this context, there were reports in some media that the central government is planning to reduce the price of petrol and diesel ahead of this year's elections. But Union Petroleum minister Hardeep Singh puri has said that these reports are wrong.
Speaking to the media yesterday, he said, "All the reports that the price of petrol and diesel will be reduced are false. I have already made it clear that there is no such discussion with oil marketing companies on any such issue," he said. And "we are in a turbulent situation. There are conflict situations in two particular areas of the world. At the same time there are shipping challenges in the red Sea, which contributes to 12 percent of the global shipping traffic.
By 2023, 4-8 percent of LNG cargoes will pass through this route. And 8.2 million barrels of crude oil per day come through this route. But if it is banned, you can see the impact it will have," the minister said. oil prices rose about $2 earlier in the week after Houthi rebels attacked ships in the red Sea. On tuesday they fired two anti-ship ballistic missiles into the southern red Sea, although no damage was reported.
"Diesel prices have increased by 40 to 80 percent in our neighboring countries in South Asia. If you look at the western industrial area, the price has increased there.. but here the price has decreased," said Hardeepsingh Puri. And “we are able to do this because of visionary leadership. Central excise duty was reduced on two occasions in november 2021 and May 2022 and we implemented it in 2023," the minister said.