NEW DELHI: The government has assured that it will take all measures needed in the coming months to ensure that consumers get relief from high fuel prices and keep an eye on the possibility of supply disruption caused by the Russia-Ukraine conflict. It will also continue to moderate cooking gas prices to cushion households from high prices.
India is examining the issues related to Russia’s offer of crude at discounts, oil minister Hardeep Singh Puri said in reply to queries on high oil prices raised in the RS on Monday.
Sharing data from US, Canada, France, Germany, UK and Spain to show how petrol has become costlier by 50-58% in these countries against 5% in India. “We should be rejoicing. Instead, we’re hearing why prices have gone up.” Oil prices, he said, had shot up from $19.56 a barrel (in April/May 2020) to $130 at one stage and currently hovering around $109. The spike in prices is “emanating from a war-like situation”, he said referring to the Russia-Ukraine conflict without naming either country.
India is examining the issues related to Russia’s offer of crude at discounts, oil minister Hardeep Singh Puri said in reply to queries on high oil prices raised in the RS on Monday.
Sharing data from US, Canada, France, Germany, UK and Spain to show how petrol has become costlier by 50-58% in these countries against 5% in India. “We should be rejoicing. Instead, we’re hearing why prices have gone up.” Oil prices, he said, had shot up from $19.56 a barrel (in April/May 2020) to $130 at one stage and currently hovering around $109. The spike in prices is “emanating from a war-like situation”, he said referring to the Russia-Ukraine conflict without naming either country.