Petroleum Minister Dharmendra Pradhan hints fuel prices may come down in India soon
New Delhi | Jagran News Desk: Amid the rising fuel prices, Union Petroleum Minister Dharmendra Pradhan on Monday hinted that the prices of petrol and diesel in India may soon come down. Speaking to news agency ANI, Pradhan said that due to the coronavirus pandemic, the demand for petrol went down by 70-80 per cent in the months of April and May which, he claimed, directly impacted the country's economy.
"World economy as well as Indian economy is going through a challenging time. Due to COVID19 pandemic, energy industry is going through a tough time. Demand for petrol went down by 70-80% in April-May months in the country which directly impacted economy," the minister said, amid protests by the Opposition over the skyrocketing fuel prices.
Pradhan, however, added that the petrol and diesel prices in the country may stabilise soon since the demand is picking up again. "Now the demand is picking up again. No one can predict oil prices, but we've estimated that as prices in international markets stabilise, prices in India will also stabilise," the Petroleum and Natural Gas Minister said.
Petrol, diesel prices today
The fuel prices skyrocketed to a new high on Monday with Petrol price increasing 5 paise per litre and diesel 13 paise/litre across the country. In Delhi, the petrol prices stood at Rs 80.43 per litre while the diesel at Rs 80. 53. This is the first time in the history that diesel is costlier than petrol.
In financial capital Mumbai, the petrol was being sold at Rs 87.14 per litre while diesel was sold at Rs 78.83 per litre. This was the 21st hike in petrol and 22nd in diesel in less than a month.
Rahul Gandhi demands reduction in fuel prices
Congress leader Rahul Gandhi, who has been attacking the Narendra Modi government over a host of issues, on Monday demanded the government reduce fuel prices. The Congress leader said that fuel prices are all-time high in India even as the crude oil is at an all-time low.
"Price of crude oil is at an all-time low but fuel prices have touched an all-time high in India. We demand that the government reduces the prices of petrol and diesel," Gandhi wrote on Twitter.
Posted By: Posted by Shashikant Sharma