Petroleum Minister lists out probable reasons behind fuel price hike | News – Times of India Videos


Feb 21, 2021, 11:21PM ISTSource: ANI

Amid protests, Union Petroleum Minister Dharmendra Pradhan highlighted the reasons behind rising fuel prices, which included reduced fuel production and manufacturing in International market and COVID-19. On the international market, Pradhan said reduced production is making the consumer countries suffer. โ€œWe have continuously been urging the OPEC & OPEC plus countries that it should not happen. We hope there will be a change,โ€ he added. He further added that both Centre and State governments have to collect tax for various development works. โ€œSpending on development work will generate more jobs. Government has increased its investment and 34% more capital spending will be done in this budget. State governments will also increase spending. This is why we need this tax but there is also the need for balance. I believe Finance Minister can find a way,โ€ said Petroleum Minister Dharmendra Pradhan.

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