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Govt not in discussion to reduce petrol, diesel rates, says oil minister
Hindustan Times
|January 04, 2024
The government is not in a discussion with state-run refiners to reduce petrol and diesel prices, petroleum minister Hardeep Singh Puri said on Wednesday, adding that international crude oil prices are volatile and the companies will take an appropriate decision on pricing keeping in mind the "availability and affordability" of transport fuel in the country.
"There has been no discussion with the oil marketing companies (OMCs) on any such issue," he told reporters. State-run. OMCS-Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL)-control about 90% of country's fuel retail business and have kept petrol and diesel rates unchanged since April 6, 2022.
This story is from the January 04, 2024 edition of Hindustan Times.
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