An attendant refuels a vehicle at a Hindustan Petroleum Corp. gas station in Bengaluru, India.(Bloomberg File Photo)
An attendant refuels a vehicle at a Hindustan Petroleum Corp. gas station in Bengaluru, India.(Bloomberg File Photo)

As petrol, diesel prices skyrocket, oil minister says Centre mulling immediate solution

The Centre is deliberating on an “immediate solution” to deal with rising fuel prices, said Union oil minister Dharmendra Pradhan.
By HT Correspondent | Press Trust of India, New Delhi
UPDATED ON MAY 24, 2018 08:33 PM IST

As fuel prices rose for the 11th consecutive day on Thursday, Union Oil Minister Dharmendra Pradhan said that the Centre is deliberating on an “immediate solution” to deal with the prices that have been on fire.

“The oil ministry is of the view to bring petroleum products under the purview of the GST in order to bring down the prices of petrol and diesel. We are deliberating on an immediate solution to this problem till that time. We will certainly find a way out to deal with the situation,” Pradhan told reporters.

Amid suggestions that the Centre cut the excise duty on fuel, Pradhan said central government had reduced the excise on fuel by Rs 2 per litre last October in the interest of the poor.

“The Centre is now looking at both short and long term solutions,” he said.

He reiterated that global politics were behind the fuel price rise

“The political difference between two oil producing countries Iran and Venezuela has been a major cause behind the rise in the price of fuel in the international market,” Pradhan said. Earlier in the week, the minister said that OPEC’s production cut was a major reason for rising price of fuel in India which imports almost 80% of its oil requirements.

He also said that the sliding rupee hasn’t helped matters. “It is due to circumstances in international market. Value of Indian rupee has reduced in comparison to the dollar and there has been surge in oil prices. We are trying to control prices,” Pradhan said.

He also asked the Odisha government to reduce VAT on petroleum products to contain the cascading effect of rising fuel prices. But that suggestion drew a sharp response from Odisha Finance Minister S B Behera who accused Pradhan of “evading responsibility.”

“The reasons that the Union Oil Minister is giving is not justified. He is telling this to suppress the Central government’s inability to deal with the situation. The price of petrol and diesel will automatically come down if the centre reduces excise duty,” he said.

Behera wasn’t keen about Pradhan’s suggestions to bring petroleum products under GST. “All the state governments will take a decision in regard to the proposal of including petroleum products under GST. Now the Centre should not escape from its responsibility.”

Both opposition Congress and ruling BJD in Odisha have launched agitations against the spiralling prices of petrol and diesel.

Fuel prices across metros increased by another 30 paise on Thursday with petrol breaching Rs 85 per litre mark in Mumbai at a retail price of Rs 85.29 a litre. In Delhi, petrol was Rs 77.47 per litre, Rs 80.42 in Chennai, and Rs 80.12 in Kolkata, according to Indian Oil Corp.

In the past one week, petrol prices have gone up over Rs 2 per litre across metros. Diesel prices too rose by 30 paise on Thursday. Diesel was the most expensive in Mumbai at Rs 72.96 per litre, followed by Chennai at Rs 72.35 per litre, Kolkata at Rs 71.08 a litre and Delhi at 68.53 a litre.

SHARE THIS ARTICLE ON
Close
Shantanu Muluk, a climate activist, arrives at National Cyber Forensic Lab for an investigation, in New Delhi, India, February 23, 2021. REUTERS/Adnan Abidi(REUTERS)
Shantanu Muluk, a climate activist, arrives at National Cyber Forensic Lab for an investigation, in New Delhi, India, February 23, 2021. REUTERS/Adnan Abidi(REUTERS)

Toolkit case: Shantanu Muluk’s bail plea hearing today

PUBLISHED ON FEB 25, 2021 12:40 AM IST
Additional sessions judge Dharmender Rana, who granted bail to Ravi on Tuesday, posted Muluk’s bail application for arguments on Thursday. Muluk had got transit bail from the Bombay high court on February 16 for a period of 10 days.
Close
In two parallel investigations, the CBI is also probing a multi-crore coal smuggling scam. (FILE PHOTO)
In two parallel investigations, the CBI is also probing a multi-crore coal smuggling scam. (FILE PHOTO)

CBI names TMC youth leader in charge-sheet of cattle smuggling case

PUBLISHED ON FEB 25, 2021 12:17 AM IST
  • Earlier this month, CBI in the first charge-sheet in the case had named BSF Commandant Satish Kumar and Murshidabad-based businessman Enamul Haque along with five others for their alleged involvement in cattle smuggling across the India-Bangladesh border.
Close
The three-judge bench headed by Chief Justice of India (CJI) SA Bobde said that even under the existing system, Magistrates are made witnesses during trial as they record dying declaration and hold test identification parade. (HT PHOTO).
The three-judge bench headed by Chief Justice of India (CJI) SA Bobde said that even under the existing system, Magistrates are made witnesses during trial as they record dying declaration and hold test identification parade. (HT PHOTO).

Top court proposes cadre of magistrates to fill gaps in police investigation

By Abraham Thomas
PUBLISHED ON FEB 24, 2021 11:55 PM IST
  • The bench, also comprising Justices L Nageswara Rao and S Ravindra Bhat apart from Chief Justice of India (CJI) SA Bobde were of the view that magistrates should play a more “intrusive” role in investigation.
Close
Police said the accused surrendered after killing the woman.(Representational Photo/Getty Images)
Police said the accused surrendered after killing the woman.(Representational Photo/Getty Images)

College student in Andhra Pradesh killed for rejecting marriage proposal

PUBLISHED ON FEB 24, 2021 11:44 PM IST
  • Police said the accused and the victim were in a relationship for a year, but of late she had been avoiding him.
Close
Currently, the Railways have operationalized almost 65 per cent of Mail/Express trains and over 90 per cent of suburban services as compared to pre lockdown times. (HT PHOTO).
Currently, the Railways have operationalized almost 65 per cent of Mail/Express trains and over 90 per cent of suburban services as compared to pre lockdown times. (HT PHOTO).

Higher fares for short distance trains to discourage needless travel: Railways

PUBLISHED ON FEB 24, 2021 11:31 PM IST
  • The national carrier at present is operating only special passenger trains since the curbs on lockdown were eased. Regular passenger trains have been suspended since March 25, 2020.
Close
When asked about the new strains of the virus that have been found in several parts of the country, Guleria said authorities are closely monitoring the situation.(ANI photo)
When asked about the new strains of the virus that have been found in several parts of the country, Guleria said authorities are closely monitoring the situation.(ANI photo)

New strains not more infectious, need to aggressively monitor situation: Guleria

ANI
PUBLISHED ON FEB 24, 2021 11:28 PM IST
"Currently we have vaccines with efficacy of 70 per cent , 80 per cent, 90 per cent so even if there is slight fall in efficacy they will still be effective in preventing the virus from further spreading," Guleria told in an interview to ANI.
Close
Indo-Tibetan Border Police (ITBP) personnel recovered 2 Improvised Explosive Devices (1 pressure cooker and 1 pipe type) placed in a series manner near Dhanora, Narayanpur on Tuesday. (ANI photo)
Indo-Tibetan Border Police (ITBP) personnel recovered 2 Improvised Explosive Devices (1 pressure cooker and 1 pipe type) placed in a series manner near Dhanora, Narayanpur on Tuesday. (ANI photo)

2 security personnel killed in Chhattisgarh’s Narayanpur in Maoist attacks

PUBLISHED ON FEB 24, 2021 11:16 PM IST
  • Both the casualties took place due to IED blasts.
Close
Motera Stadium is the world's largest cricket stadium. (PTI)
Motera Stadium is the world's largest cricket stadium. (PTI)

Govt clarifies on controversy over Motera stadium being named after PM

Written by Prashasti Singh, Hindustan Times, New Delhi
UPDATED ON FEB 24, 2021 11:22 PM IST
Narendra Modi Stadium in Motera, inaugurated by President Ram Nath Kovind, is part of a larger complex, named 'Sardar Patel Sports Complex'.
Close
Twitter ignored orders to remove content over farmers' protests.(Reuters)
Twitter ignored orders to remove content over farmers' protests.(Reuters)

India plans new social media controls after Twitter face-off

Reuters, New Delhi
UPDATED ON FEB 24, 2021 11:03 PM IST
The latest draft rules say companies should remove the content as early as possible, but no later than 36 hours, after a government or legal order.
Close
Sanbor Shullai, one of the two BJP MLAs in Meghalaya, has described hi party as a sinking ship. (HT PHOTO)
Sanbor Shullai, one of the two BJP MLAs in Meghalaya, has described hi party as a sinking ship. (HT PHOTO)

Differences in Meghalaya BJP intensifies, coalition govt comes under strain

By David Laitphlang
PUBLISHED ON FEB 24, 2021 10:52 PM IST
  • The BJP unit has also been at loggerheads with the ruling Meghalaya Democratic Alliance (MDA) dispensation with its chief Earnest Mawrie accusing it of anomalies in governance.
Close
Shahjahanpur's police chief said a few suspects have been detained for questioning .(Representational Photo/PTI)
Shahjahanpur's police chief said a few suspects have been detained for questioning .(Representational Photo/PTI)

UP cops hunt for clues into case of college girl found with burn injuries

PUBLISHED ON FEB 24, 2021 10:03 PM IST
  • Shahjahanpur’s superintendent of police S Anand, SP, denied reports that the girl was burnt after a failed rape attempt
Close
An SDRF team widening the channel of a glacial lake in Uttarakhand to increase the discharge of water from it on Wednesday.(SDRF)
An SDRF team widening the channel of a glacial lake in Uttarakhand to increase the discharge of water from it on Wednesday.(SDRF)

Expert team widens mouth of lake formed upstream Rishiganga for faster drainage

PUBLISHED ON FEB 24, 2021 09:39 PM IST
  • An expert team is trying to drain out the lake to prevent another tragedy like the Chamoli flash flood.
Close
The Koya tribes in large numbers make it a point to assemble at Medaram on “Magha Suddha Pournami” (the full-moon day of the month of Magha) every year to pay obeisance to the deities. (HT PHOTO).
The Koya tribes in large numbers make it a point to assemble at Medaram on “Magha Suddha Pournami” (the full-moon day of the month of Magha) every year to pay obeisance to the deities. (HT PHOTO).

Amid Covid-19 fears, thousands throng Telangana’s Sammakka-Saralamma festival

PUBLISHED ON FEB 24, 2021 09:34 PM IST
  • The tribal fair draws devotees not only from Telangana, but also from other states like Andhra Pradesh, Chhattisgarh, Maharashtra and Madhya Pradesh.
Close
The results will be considered valid if the test was 72 hours of flight departure. (PTI Photo/Kunal Patil)(PTI)
The results will be considered valid if the test was 72 hours of flight departure. (PTI Photo/Kunal Patil)(PTI)

West Bengal makes RT-PCR tests mandatory for arrivals from Maha, 3 other states

By hindustantimes.com | Edited by Ayshee Bhaduri, Hindustan Times, New Delhi
PUBLISHED ON FEB 24, 2021 09:28 PM IST
  • The notice released by the state government stated “All passengers coming to West Bengal from the aforementioned 4 states shall mandatorily carry a covid negative RT-PCR report for such test conducted within 72 hours of flight departure.”
Close
Army troopers near the encounter site in Shalgul forests in Anantnag district on Wednesday.(ANI)
Army troopers near the encounter site in Shalgul forests in Anantnag district on Wednesday.(ANI)

2 terrorists killed in encounter in Jammu and Kashmir’ Anantnag

PUBLISHED ON FEB 24, 2021 09:17 PM IST
  • The police said they were ascertaining the identities and affiliation of the two terrorists.
Close
SHARE
Story Saved
OPEN APP