The Central Government has rejected the news of increase in the prices of petrol and diesel by Rs 25-28. The Petroleum Ministry clarified that there is no proposal to increase prices and these reports are misleading. People have been appealed not to believe them.
The Central Government has completely rejected the news of increase in the prices of petrol and diesel by Rs 25 to 28 per liter. The Union Petroleum Ministry has officially clarified that no proposal to increase oil prices is under consideration of the government. The ministry said on social media platform X that these news are being deliberately spread to create fear and panic among the people. The Center has appealed to the people not to believe such misleading reports.
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Kotak’s report behind the rumors
These rumors started after a report by ‘Kotak Institutional Equities’. It was claimed in this report that after the end of the assembly elections on April 29, oil prices in the country may suddenly increase. The report estimated that due to the price of crude oil in the international market reaching close to $ 120 per barrel, the prices may increase by Rs 25 to 28 per liter. After this this report became very viral on social media.
Steps taken to stop prices from rising
The government claimed that India is the only country where fuel prices have not been increased in the last four years. The ministry said that due to the current tension in the Middle East, there has been a lot of fluctuation in the prices of crude oil. But, the government, along with the oil companies, is ensuring that it does not affect the common people. Under this, earlier the excise duty on petrol and diesel was reduced by Rs 10 each per liter.
global situation
Oil prices are increasing across the world due to the war-like situation between countries like America, Israel and Iran and obstruction in the movement of ships in the Strait of Hormuz. Military interference on this important route of energy supply has had an impact on the market.
fuel stock safe
The government has assured that there is no need to fear increase in prices, as there is sufficient stock of petrol and diesel in the country. All the refineries of India are working at full capacity. Apart from this, oil companies have been instructed to maintain smooth supply of gas to industrial areas.