Not the government, it is the oil companies that decide the prices of petrol and diesel: Petroleum Minister

Not the government, it is the oil companies that decide the prices of petrol and diesel: Petroleum Minister

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new Delhi. Amidst speculations that the prices of petrol and diesel will increase across the country after the voting is over in five states, Petroleum Minister Hardeep Singh Puri said that the prices of petrol and diesel will increase in the market. decides, not the government. Whether to increase its prices or not, it is for the oil companies to see.

On Tuesday morning, a news was going on quoting sources that the government can gradually allow oil companies to increase the rate by Rs 5-6 per liter. It is only after such news that the government has made it clear that the government is not controlling the prices of petrol and diesel.

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Crude oil has become unbridled

Let us tell you that on Monday, the price of crude oil in the global market had also crossed $ 139 per barrel, which is the highest level since July 2008. However, there has been a slight decrease in crude oil prices on Tuesday. Due to rising crude oil prices, there is pressure on companies to increase the prices of petrol and diesel. It is understood that at present companies have to sell oil at less than Rs 12 per liter.

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Prices may increase after 10th

However, some experts also say that oil companies can wait till the results of the assembly elections. The process of daily change in petrol and diesel prices will start only after the results are declared on March 10. It is also important to mention here that there has been no change in the prices of petrol and diesel after 4 November 2021. Then when the price of crude oil reached $ 83 per barrel, the central government reduced the excise duty on petrol by Rs 5 and on diesel by Rs 10 per liter. After this, the states also gave relief by deducting VAT.

Tags: Hardeep Singh Puri, Petrol and diesel

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