Petrol Diesel Prices May See Reduction if Crude Oil Prices Remain Stable, Says Petroleum Minister
Inflation has been on the rise in the country, and petrol prices have seen a significant increase in recent times. As the prices of things continue to go beyond the reach of common people, many are wondering whether there will be a reduction in the prices of diesel and petrol. Petroleum Minister Hardeep Singh Puri addressed this concern on Saturday, saying that if the prices of crude oil remain stable in the international market, then the oil companies will be in a position to consider reducing the prices of petrol and diesel.
Upcoming Quarterly Results of Oil Companies to be Good, Says Union Minister
Union Minister Puri also stated that the upcoming quarterly results of oil companies will be good and that they may consider reducing the prices of petrol and diesel. However, he clarified that no announcement can be made on the prices of petrol currently. He stated that the government oil marketing companies have performed well in the last quarter and have recovered some of their losses. The companies have also fulfilled their corporate responsibilities very well. Puri said that as they move forward, they will see what can be done.
No Increase in Oil Prices Since April 22, Says Hardeep Puri
Hardeep Puri also highlighted the fact that the government led by PM Narendra Modi has ensured that there has been no increase in oil prices since April 22. He assured the public that the government will continue to ensure that customers do not face any problems. During his speech, Puri criticized the opposition, accusing them of indulging in rabid politics. He stated that offering everything for free may seem appealing, but in reality, the politics of freebies can be dangerous.
In conclusion, if crude oil prices remain stable, the oil companies may consider reducing the prices of petrol and diesel. However, no announcement can be made on this issue currently. The upcoming quarterly results of oil companies are expected to be good, and they have recovered some of their losses. The government has ensured that there has been no increase in oil prices since April 22 and will continue to ensure that customers do not face any problems.
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