Briefing the Lok Sabha about the rising fuel prices in the country, Union Petroleum and Natural Gas Minister Hardeep Singh Puri on Monday said the prices are determined based on world market pricing.
Petrol and diesel prices were up again in the national capital and stood at Rs 91.53 and Rs 82.06 per litre, respectively on Monday.
Union Petroleum and Natural Gas Minister Dharmendra Pradhan will be visiting the UAE from November 10 to 12 to participate in the Inaugural Ministerial Session of Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC).
India’s oil minister Dharmendra Pradhan said on Monday global oil prices would ease if there is no further escalation of geopolitical tensions.
Growth of eight core industries dropped to 2.1 per cent in July mainly due to a contraction in coal, crude oil, natural gas and refinery products, according to an official data.
Prime Minister Narendra Modi reviewed the progress of key infrastructure sectors of power, renewable energy, petroleum and natural gas, coal, and mining.
A day after the Central Government reduced the Basic Excise Duty rate on petrol and diesel by Rs. 2 per litre, Union Petroleum Minister Dharmendra Pradhan asked the states to slash the VAT on fuel by 5 per cent.
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