Petroleum Minister Hardeep Singh Puri defends govt in Lok Sabha over fuel price hike

Petroleum Minister Hardeep Singh Puri defends govt in Lok Sabha over fuel price hike

Hardeep Singh Puri, however, assured that efforts are being made to make fuel available to people at "affordable prices".







PTI









March 24, 2022 / 02:19 PM IST





Hardeep Singh Puri



Petroleum Minister Hardeep Singh Puri on Thursday defended the government over the hike in fuel prices in the country, saying it is due to the increase in prices in the international market.

He, however, assured that efforts are being made to make fuel available to people at "affordable prices".

Also Read: Revision of retail fuel prices: Who picks up the tab for the gap?

Replying to a question in Lok Sabha, the minister said the prices of LNG in the international market has gone up by "more than 37 per cent" if compared from from April 2021 to February 2022, because of "an unsettled condition and military action in one part of the world following the Covid crisis”.

"Whereas, our increase at the bunk has been only five per cent,” he told the House during Question Hour.

As far as the LPG price, which are based on Saudi CP (Contract Price), is concerned, it has has gone up by 285 per cent from April 2020