Will the prices of petrol and diesel decrease before the Lok Sabha elections? Modi government’s minister told ‘truth’ – is petrol-diesel price reduce before lok sabha election
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New Delhi: The dates of the Lok Sabha elections 2024 may not have been announced, but the political parties have started preparations for the elections. At the same time, the discussion has also intensified that people can get some relief from inflation before the elections. It is often seen that the prices of oil and gas cylinders are reduced before elections. The way the preparations for the elections have started, once again people’s hopes have started increasing that they will get relief from expensive petrol and diesel before the elections.
During the Aaj Tak G20 program, when Petroleum and Natural Gas Minister Hardeep Singh Puri was asked about this, he said that it is a misconception that the government will or will reduce the price of oil and gas before elections. He said that the prices of oil and gas are fixed at the international level. India imports 80 percent of its oil requirement. We depend on imports. On the other hand, talking about gas, India imports about 50 percent of the requirement. In such a situation, if you are dependent on imports, then it has to be understood that the price is fixed at the international level.
During the Aaj Tak G20 program, when Petroleum and Natural Gas Minister Hardeep Singh Puri was asked about this, he said that it is a misconception that the government will or will reduce the price of oil and gas before elections. He said that the prices of oil and gas are fixed at the international level. India imports 80 percent of its oil requirement. We depend on imports. On the other hand, talking about gas, India imports about 50 percent of the requirement. In such a situation, if you are dependent on imports, then it has to be understood that the price is fixed at the international level.
The price of petrol and diesel in India is determined by oil companies after adding the international price of crude oil, transportation costs, insurance, refining costs, their margin and taxes etc. These are the factors that decide the price of petrol and diesel in the country. He said that the price of fuel depends on how the government deals with these factors.
Referring to the oil prices during Corona, he said that even at that time we did not ask oil supplying countries to reduce the price. The government cut excise duty to control the price of petrol and diesel. BJP ruled states tried to reduce the prices of petrol and diesel by reducing VAT.
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