When will fuel prices come down News Today

  • | Saturday | 27th February, 2021

Chennai: Allaying concerns of people over the upward spiralling of fuel price Union Minister Dharmendra Pradhan said the price will decrease as winter season ends. Prices will come down a little as winter goes away. It will come down as the season ends” the Union Minister said. Prices of LPG petrol and diesel have been repeatedly hiked in the country. Opposition parties held protests in different parts of the country over the rise of prices of diesel and petrol.

Chennai: Allaying concerns of people over the upward spiralling of fuel price Union Minister Dharmendra Pradhan said the price will decrease as winter season ends. “Increase in petroleum price in the international market has affected consumers too. Prices will come down a little as winter goes away. It is an international matter price is high due to increase in demand it happens in winter. It will come down as the season ends” the Union Minister said. Petroleum Natural Gas and Steel Minister Dharmendra Pradhan explained why the North-eastern Region (NER) which includes Arunachal Pradesh Assam Manipur Meghalaya Mizoram Nagaland Tripura and Sikkim are important for oil and gas sector of the country. “The first oil deposits in the country were discovered near the town of Digboi and Duliajan areas of Assam and around 18 per cent of the countrys oil resources are located in the northeast east region (NER). Assam Arunachal Nagaland Mizoram Tripura are the areas that are full of oil and gas fields. When the Modi government came in power in 2014 we decided to create an infrastructure of the crude pipeline gas pipeline increase our exploration refining and gas production capacity” he said earlier. Prices of LPG petrol and diesel have been repeatedly hiked in the country. Opposition parties held protests in different parts of the country over the rise of prices of diesel and petrol.

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