FreeCurrencyRates.com

इंडियन आवाज़     20 Sep 2017 09:50:44      انڈین آواز
Ad

Pradhan rules out govt intervention in daily revision of patrol and diesel prices

AMN / NEW DELHI

Petrol-PricePetroleum and Natural Gas Minister Dharmendra Pradhan today ruled out government intervention in the daily revision of petrol and diesel prices, saying the reform will continue.

Terming the criticism of spike in rates as unfair, Mr Pradhan said the drop in prices for over a fortnight after the daily price revision was introduced on 16th June has been ignored.

He said, only temporary phenomenon of rising trend is being highlighted by the media and critics. He said, the daily revision immediately passes on the benefit of any reduction in international oil prices to consumers and avoids sharp spikes by spreading them in small doses.

The Minister said, the global prices have risen due to factors like hurricane in the US and there are indications of softening in the rates. Asked if the government will cut excise duty to soften the blow, Mr Pradhan said, that finance ministry has to take a call but it is very clear there should be a balanced between developmental needs and consumer aspirations.

India relies on imports to meet 80 per cent of its needs and domestic fuel rates have been aligned to movement of equivalent product prices in international market since April 2002.

Follow and like us:

Leave a Reply

You have to agree to the comment policy.

Ad

NEWS IN HINDI

बिहार: शरद गुट ने नीतीश की जगह छोटू भाई वसावा को JDU का अध्यक्ष बनाया

जनता दल यूनाइटेड (जदयू) के शरद यादव खेमे ने ...

तस्लीम उद्दीन की मौत बिहार की अक़लियती सियासत का अज़ीम सानेहा

सेराज अनवर अररिया के सांसद और पूर्व केंद ...

मुस्लिम पर्सनल लॉ बोर्ड, ‘फर्जी मौलानाओं’ को बेनक़ाब करेगा

आज कल टीवी पर बहुत सारे मौलाना दिख रहे हैं, ...

Ad
Ad
Ad

SPORTS

Govt approves Revamped Khelo India Programme

AMN / PIB The Union Cabinet chaired by the Prime Minister Narendra Modi today approved the revamped Khelo Ind ...

AFC U-23: 11 players summoned to preparatory camp

  Harpal Singh Bedi / New Delhi Eleven players who represented the country in the AFC U-23 Qualifie ...

Ad

Archive

September 2017
M T W T F S S
« Aug    
 123
45678910
11121314151617
18192021222324
252627282930  

OPEN HOUSE

Mallya case: India gives fresh set of documents to UK

AMN India has given a fresh set of papers to the UK in the extradition case of businessman Vijay Mallya. Ex ...

@Powered By: Logicsart

Help us, spread the word about INDIAN AWAAZ

RSS
Follow by Email
Facebook
Facebook
Google+
http://theindianawaaz.com/pradhan-rules-out-govt-intervention-in-daily-revision-of-patrol-and-diesel-prices/">