Minister of Petroleum and Natural Gas Dharmendra Pradhan
Petroleum Minister Dharmendra Pradhan (Dharmendra Pardhan) stated that due to growing demand within the winter, gasoline prices noticed an increase. Now it will be much less. He stated that this has occurred due to growing prices of petroleum merchandise within the worldwide market.
- Last Updated:February 26, 2021 3:15 PM IS
Dharmendra Pradhan stated, ‘Customers have been affected due to petroleum merchandise within the worldwide market. If winters are ending, then prices will additionally fall. This is a world challenge. In winter, prices have skyrocketed due to growing demand. Now the prices will be decrease.
Increase in petroleum value in worldwide market has affected customers too. Prices will come down a bit of as winter goes away. It’s a world matter, value is excessive due to improve in demand, it occurs in winter. Price will come down: Union Minister Dharmendra Pradhan pic.twitter.com/hYPqHt7b1S
– ANI (@ANI) February 26, 2021
On Friday, within the capital Delhi itself, petrol value has reached Rs 90.93 per liter and diesel has reached Rs 81.31 per liter. The value of petrol in Mumbai is Rs 97.34 per liter and diesel is Rs 88.44 per liter. Petrol and diesel in Kolkata are priced at Rs 94.98 and Rs 84.20 per liter respectively. The worldwide market has seen a surge in prices due to low provide. The value of crude imported into India is round $ 62 per barrel. It was shut to $ 50 a barrel in mid-December final yr. Due to the restoration in world crude oil demand and the manufacturing minimize by OPEC (crude oil), the value of crude oil is seeing an increase. In the primary six months of the monetary yr 2020-2021, the value of crude oil was $ 19-44 per barrel. During this era, India’s crude import invoice was diminished by 57 % to $ 22.5 billion yearly.