Opposition parties have held protests in different parts of the country over the rise of prices of diesel and petrol. (Sanket Wankhade/HT Photo)
Opposition parties have held protests in different parts of the country over the rise of prices of diesel and petrol. (Sanket Wankhade/HT Photo)

When will petrol and diesel prices drop? Oil minister Pradhan weighs in

Petrol and diesel prices have been increasing continuously for more than 10 days and in some states, the price of petrol has even crossed 100.
By hindustantimes.com | Written by Meenakshi Ray, New Delhi
PUBLISHED ON FEB 23, 2021 02:25 PM IST

Union petroleum minister Dharmendra Pradhan said on Tuesday prices of petrol and diesel have gone up after fluctuation in the international markets and will eventually come down. “Due to an increase in prices of crude oil in international markets, consumer price (for petrol and diesel) has risen. This will soften gradually. Global supply was reduced due to Covid in turn affecting production as well,” Pradhan was quoted as saying by news agency ANI.

“We are consistently requesting the GST Council to include petroleum products under its purview as it will benefit people. But it is their call to take,” the oil minister added.

Petrol and diesel prices have been increasing continuously for more than 10 days and in some states, the price of petrol has even crossed 100. Petrol price has already surged past the 100-mark in some places in Rajasthan and Madhya Pradesh, states which levy the highest Value Added Tax (VAT) on the fuel. The price of petrol touched an all-time high of 97 per litre in Mumbai last Saturday and the diesel rate crossed the 88-mark. It was the 12th straight day of price hikes and the largest daily increase since oil companies started to revise rates on a daily basis in 2017.

Also read | Why are prices of petrol and diesel increasing? Petroleum minister explains

Petrol and diesel prices were up again in the national capital and stood at 90.83 and 81.32 per litre, respectively on Tuesday. Petrol price was raised by 25 paise while that of diesel by 35 paise. The price of liquefied petroleum 14.2kg domestic cylinder was also raised by 50 per unit in Delhi on February 14, taking the cost of LPG gas to 769 per cylinder.

Opposition parties have held protests in different parts of the country over the rise of prices of diesel and petrol. Congress president Sonia Gandhi last Sunday wrote a letter to Prime Minister Narendra Modi to convey "every citizen's anguish and deep distress regarding the spiralling fuel and gas prices."

Also read | Jharkhand petroleum dealers body demands reduction of VAT on diesel

Responding to Gandhi’s letter, Pradhan pointed out the issue of taxation in Rajasthan and Maharashtra, states where the Congress party is in power on its own or as part of an alliance. “Sonia ji must know Rajasthan and Maharashtra have maximum tax. Earnings of Centre and state were negligible during the lockdown,” Pradhan said after Gandhi's letter to PM Modi over rising fuel prices.

SHARE THIS ARTICLE ON
Close
Vijay Mallya is wanted in India to face charges of defrauding a consortium of banks of more than a billion dollars in relation to the collapse of Kingfisher Airlines in 2013. (FILE PHOTO).
Vijay Mallya is wanted in India to face charges of defrauding a consortium of banks of more than a billion dollars in relation to the collapse of Kingfisher Airlines in 2013. (FILE PHOTO).

UK knows urgency in Mallya's case, extradition linked to legal process: Envoy

PUBLISHED ON MAR 05, 2021 06:28 PM IST
  • The UK home secretary signed off on Mallya’s extradition to India more than two years ago but his return to India has been held up because of secret legal proceedings, according to the British government. Mallya is learnt to have applied for asylum in the UK.
Close
DRDO in a statement also said that only a handful of countries have such a technology after successfully tested a flight demonstration based on Solid Fuel Ducted Ramjet (SFDR) technology. (DRDO/PIB)
DRDO in a statement also said that only a handful of countries have such a technology after successfully tested a flight demonstration based on Solid Fuel Ducted Ramjet (SFDR) technology. (DRDO/PIB)

DRDO successfully tests SFDR technology in a bid to develop long-range missiles

By hindustantimes.com | Edited by Shankhyaneel Sarkar, Hindustan Times, New Delhi
PUBLISHED ON MAR 05, 2021 06:27 PM IST
  • It said that the test was carried out using a booster motor to simulate an air-launch scenario. The nozzle-less booster propelled the missile to the required Mach number for Ramjet operation.
Close
The Bailey bridge was inaugurated on Thursday.(ANI Photo)
The Bailey bridge was inaugurated on Thursday.(ANI Photo)

Bridge in Uttarakhand, washed away in flash flood, rebuilt in 8 days

By hindustantimes.com | Edited by Amit Chaturvedi
PUBLISHED ON MAR 05, 2021 06:03 PM IST
The Uttarakhand flood was triggered after a chunk of a glacier - which experts said was 15 football fields long and five across - broke off from the main structure and fell into a small river.
Close
Union Finance Minister Nirmala Sitharaman added that the minimum threshold for initiating IBC proceedings has already been raised from <span class='webrupee'>₹</span>1 lakh to <span class='webrupee'>₹</span>1 crore, which largely insulates MSMEs.(ANI file photo)
Union Finance Minister Nirmala Sitharaman added that the minimum threshold for initiating IBC proceedings has already been raised from 1 lakh to 1 crore, which largely insulates MSMEs.(ANI file photo)

I-T raids on Taapsee, Anurag Kashyap: FM says they were raided in 2013 too

PTI, New Delhi
PUBLISHED ON MAR 05, 2021 05:38 PM IST
Refusing to comment on individual cases, she said it is in the national interest to know if some evasion is happening.
Close
Jammu and Kashmir National Conference leader Farooq Abdullah. (PTI)
Jammu and Kashmir National Conference leader Farooq Abdullah. (PTI)

Farooq Abdullah questions ED order in alleged money laundering case

PTI
PUBLISHED ON MAR 05, 2021 05:26 PM IST
The former Jammu and Kashmir chief minister challenged the December 2020 order before the high court on Wednesday. It is scheduled to come up for hearing later Friday.
Close
Ramesh Chennithala denied allegations that the Congress party has weakened in Kerala. In picture - Chennithala (extreme left) arrives for a meeting with the party leaders.(PTI)
Ramesh Chennithala denied allegations that the Congress party has weakened in Kerala. In picture - Chennithala (extreme left) arrives for a meeting with the party leaders.(PTI)

Kerala Assembly Poll 2021: Congress says UDF seat-sharing talks on ‘last lap’

By hindustantimes.com | Written by Srivatsan K C, New Delhi
PUBLISHED ON MAR 05, 2021 05:12 PM IST
“Seat sharing talks are progressing. We are on the last lap. We will finalise the list by today or tomorrow," Congress leader Ramesh Chennithala said.
Close
File photo of Punjab chief minister Captain Amarinder Singh.(HT Photo)
File photo of Punjab chief minister Captain Amarinder Singh.(HT Photo)

Punjab passes resolution demanding unconditional withdrawal of farm laws

By hindustantimes.com | Edited by Amit Chaturvedi
PUBLISHED ON MAR 05, 2021 05:06 PM IST
Earlier, the members of the Shiromani Akali Dal (SAD) created uproar in the assembly when the chief minister was replying to the Governor's address.
Close
Tourism sector association says restrictions in Himachal are the most stringent in the country and this was not only causing revenue loss to the government but also resulting in job losses and near collapse of the hospitality industry.(HT File)
Tourism sector association says restrictions in Himachal are the most stringent in the country and this was not only causing revenue loss to the government but also resulting in job losses and near collapse of the hospitality industry.(HT File)

Pandemic-induced job losses ate up 13 lakh crore of household income: Report

PTI
PUBLISHED ON MAR 05, 2021 05:06 PM IST
Though general economic activity is back to the pre-pandemic level, the key question is if this growth momentum can be sustained as the composite economic indicator has plateaued in January after recovering swiftly in the prior two quarters.
Close
Congress leader Karti P Chidambaram.(ANI)
Congress leader Karti P Chidambaram.(ANI)

News updates from HT: Karti Chidambaram wants Priyanka Gandhi in TN bypolls

By hindustantimes.com, New Delhi
PUBLISHED ON MAR 05, 2021 05:03 PM IST
Here are today’s top news, analysis and opinion. Know all about the latest news and other news updates from Hindustan Times.
Close
The second and the third "Shahi Snan" are slated for March 9 and 13(AP)
The second and the third "Shahi Snan" are slated for March 9 and 13(AP)

Release more water in Yamuna, priests appeal to PM Modi ahead of Vrindavan Kumbh

PTI, Mathura
PUBLISHED ON MAR 05, 2021 04:59 PM IST
While the arrangements made for the Vrindavan Kumbh by the government of Uttar Pradesh are commendable, the polluted Yamuna water mars the efforts, the outfit's president, Mahesh Pathak, said.
Close
Representational Image. (HT file)
Representational Image. (HT file)

25 students of govt boarding school test Covid positive in Rajasthan’s Udaipur

By Sohail Khan
PUBLISHED ON MAR 05, 2021 04:53 PM IST
Chief medical officer Dinesh Kharadi said 80 students and 10 staff members of the school were tested after a teacher tested positive for the disease. He added the students who tested positive have been kept under isolation
Close
The decision to hold the Quad summit soon after the Joe Biden administration takes charge indicates that the security dialogue has been institutionalised.(Agencies)
The decision to hold the Quad summit soon after the Joe Biden administration takes charge indicates that the security dialogue has been institutionalised.(Agencies)

As China eyes Taiwan and beyond, Quad's Indo-Pacific agenda takes priority

By Shishir Gupta, Hindustan Times, New Delhi
UPDATED ON MAR 05, 2021 04:56 PM IST
  • The Quad Summit will be US President Joe Biden’s first interaction under the diplomatic and security initiative revived during the Donald Trump era as a buffer against Beijing
Close
Border Roads Organisation (BRO) workers engaged in building a valley bridge over the Rishi Ganga River at Raini village of the disaster-hit Chamoli district. (PTI)
Border Roads Organisation (BRO) workers engaged in building a valley bridge over the Rishi Ganga River at Raini village of the disaster-hit Chamoli district. (PTI)

Natural hazards, infra development magnified Chamoli disaster: ICIMOD

By Jayashree Nandi
PUBLISHED ON MAR 05, 2021 04:40 PM IST
The analysis is significant because the Defence Geo-informatics Research Establishment under DRDO had recently said the tragedy was not “immediately” a human-induced disaster
Close
File photo of Congress MP Karti Chidambaram.(PTI)
File photo of Congress MP Karti Chidambaram.(PTI)

Karti again raises demand that Priyanka Gandhi must contest Kanyakumari bypoll

By hindustantimes.com | Reported by Divya Chandrababu | Edited by Amit Chaturvedi
UPDATED ON MAR 05, 2021 04:19 PM IST
This is the second time that Chidambaram, the Congress MP from Sivaganga, has made this demand. In November last year, he tweeted to say that Congress needs a 'bold move' and demanded that Priyanka Gandhi Vadra should contest the Kanyakumari bypoll.
Close
Prime Minister Narendra Modi during virtual summit with Swedish PM Stefan Löfven.
Prime Minister Narendra Modi during virtual summit with Swedish PM Stefan Löfven.

At virtual summit with Sweden, PM Modi says ‘climate change a priority’

By hindustantimes.com | Written by Kanishka Sarkar, Hindustan Times, New Delhi
UPDATED ON MAR 05, 2021 04:24 PM IST
Modi put spotlight on the nation’s achievements in the power sector in the recent years, and said, “India's renewable power capability has increased by 162% in the last five years.”
Close
SHARE
Story Saved
OPEN APP