Wondering why gasoline and diesel prices are constantly rising? The Oil Minister has some answers


File photo of Union Minister Dharmendra Pradhan.

File photo of Union Minister Dharmendra Pradhan.

Nion’s Minister of Oil, Natural Gas and Steel, Dharmendra Pradhan, has blamed the increase on the reduction of fuel production in the international market.

  • News18.com
  • Last update: Feb 22 2021 09:52 IST
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As gasoline and diesel prices continue to rise due to continued increase in fuel tariffs, Union Petroleum and Natural Gas and Steel Minister Dharmendra Pradhan has blamed the increase on reduced production in the market. international.

“There are two main reasons behind the increase in fuel prices. The international market has reduced fuel production and manufacturing countries are producing less fuel for more profit. This is making consuming countries suffer,” Pradhan was quoted as saying. the ANI news agency.

“We have been continually urging the Organization of the Petroleum Exporting Countries (OPEC) and the OPEC countries more that it should not happen. We hope there will be a change,” he said.

On Saturday, after crossing the 90 rupee mark, gasoline prices in Delhi rose to 90.58 rupees per liter with an increase of 39 paise. While diesel prices soared to Rs 80.97 per liter with an increase of 37 paise over the previous day’s rate.

Gasoline prices have increased by a total of Rs 3.64 per liter, while diesel tariffs have increased by Rs 4.18 per liter in the national capital region. In Noida, the price of gasoline rose to Rs 88.92 per liter, while diesel tariffs rose to Rs 81.41 per liter.

Gasoline prices in Mumbai topped the 97 rupees per liter mark with an increase of 38 paise, while diesel rose to 87.06 rupees per liter after an increase of 39 paise.

In Kolkata, the price of gasoline rose to Rs 91.78 per liter, while diesel now costs Rs 84.56 per liter. Gasoline prices in Chennai also rose to Rs 92.59 per liter, while diesel started selling at Rs 85.98 per liter.

Meanwhile, in Bengaluru, gasoline prices rose to Rs 93.67 per liter after an increase of Rs 1.30 while diesel tariffs reached Rs 85.84 with an increase of 10 paise.

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