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Fuel prices in India have increased less than other countries, claims the Union Petroleum Minister

Fuel prices in India have increased less than other countries, claims the Union Petroleum Minister
Fuel prices in India have increased less than other countries, claims the Union Petroleum Minister

Kolkata: The price of one liter of petrol is 106 taka 30 paisa. Diesel price per liter is 92 taka 76 paisa. And the price of LPG cylinder of 14.2 kg is 1 thousand 79 taka. But in terms of international market, this price is supposed to be higher. But Union Petroleum and Natural Gas Minister Hardeep Singh Puri claimed that fuel prices are low enough in the country under the leadership of Prime Minister Narendra Modi.

He said on Friday that the price of gas has increased by 300 percent in the international market in the last two years, but compared to that in India, it is less. Amid the global energy crisis, India has shown its mettle. Prime Minister Narendra Modi’s government has ensured that its impact on the common citizens of the country is minimal.

In a statement, the Union minister said Saudi CP prices (India’s benchmark for gas imports) have increased by 303 percent in the last 24 months. At the same time, LPG prices in India rose by less than a tenth of that, or just 28 percent.

He also said that from July 2021 to August 2022, there has been a huge increase in gas prices in every region of the world. Other global gas benchmarks, such as Henry Hub in the US, rose by 140 percent, JKM in the UK by 257 percent and ABP by 281 percent, while CNG and PNG prices in India rose by 71 percent.

He claimed that India has shown unprecedented resilience in the face of the global energy crisis. Prime Minister Narendra Modi’s government has taken several steps to reduce volatility in global crude oil and gas prices.


The article is in Bengali

Tags: Fuel prices India increased countries claims Union Petroleum Minister

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