Thursday, Sep 24, 2020 | Last Update : 05:38 PM IST

184th Day Of Lockdown

Maharashtra122438091634833015 Andhra Pradesh6317495518215410 Tamil Nadu5473374919718871 Karnataka5268764233778145 Uttar Pradesh3588932895945135 Delhi2492592133045014 West Bengal2283021989834421 Odisha184122149379763 Telangana1726081419301042 Bihar169856155824870 Assam159320129130578 Kerala13863398720554 Gujarat1247671051913337 Rajasthan116881972841352 Haryana113075908841177 Madhya Pradesh108167836182007 Punjab99930754092860 Chhatisgarh8618347653680 Jharkhand7267358543626 Jammu and Kashmir65026421151024 Uttarakhand4177729000501 Goa2875322726360 Puducherry2319118065467 Tripura2227215441245 Himachal Pradesh124387836125 Chandigarh102987411123 Manipur9010683859 Arunachal Pradesh7385540813 Nagaland5544445110 Meghalaya4733252838 Sikkim2447190529 Mizoram158510120
  India   All India  21 May 2018  Govt to find solution to combat fuel price hike soon: Dharmendra Pradhan

Govt to find solution to combat fuel price hike soon: Dharmendra Pradhan

PTI
Published : May 21, 2018, 11:03 am IST
Updated : May 21, 2018, 12:49 pm IST

Petrol prices on Sunday touched a record high of Rs 76.24 per litre and diesel climbed to its highest-ever level of Rs 67.57.

Union Petroleum Minister Dharmendra Pradhan said increase in fuel prices was due to reduced production of oil in OPEC and hike in crude oil price in international market. (Photo: File/PTI)
 Union Petroleum Minister Dharmendra Pradhan said increase in fuel prices was due to reduced production of oil in OPEC and hike in crude oil price in international market. (Photo: File/PTI)

Bhubaneswar: Union Petroleum Minister Dharmendra Pradhan on Sunday said the increase in fuel prices was due to reduced production of oil in Organisation of Petroleum Exporting Countries (OPEC) and hike in crude oil price in the international market.

Petrol prices on Sunday touched a record high of Rs 76.24 per litre and diesel climbed to its highest-ever level of Rs 67.57 as the oil PSUs passed on four weeks of relentless rise in international oil prices to consumers.

 

Read: Fuel prices at record high levels, may go up

Noting that people, especially the middle-class, have to suffer due to price hike of oil, the minister said the government would try to work out a solution soon to deal with the situation.

"It's not in our hand. There is less production of oil in OPEC countries. The government will soon come out with a solution," he told reporters.

Pradhan, however, did not spell out the details.

Stressing the need for stable and moderate oil prices, he said the surging fuel prices have a negative impact on consumers and the Indian economy.

With global crude prices soaring, the minister has already pressed OPEC kingpin Saudi Arabia to keep prices stable and moderate, saying that spike in rates would have a negative impact on Indian consumers as well as on the economy.

 

Pradhan had conveyed India's concerns when Saudi Arabian Minister of Energy, Industry and Mineral Resources Khalid Al-Falih called him recently.

Tags: dharmendra pradhan, fuel price hike, opec, petrol prices
Location: India, Odisha, Bhubaneswar