In the wake of rising fuel prices, Union Petroleum Minister Dharmendra Pradhan on Sunday announced that petrol, diesel & LPG prices would fall soon. This is because the situation in the global market has improved significantly.
“Prices for petrol, diesel and LPG have started to fall now and will fall sharply in the coming days. Earlier, Pradhan had also said that India’s petrol prices are controlled by international commodities as the country is 85 percent dependent on the importation of crude oil to meet its needs.
“They need resources … and this (taxing petrol and diesel tax) has become a proven and powerful way for all governments, whether national or central,” he said.
The prices of petrol and diesel in major cities remain unchanged. In Delhi, petrol cost Rs 90.56 per liter and diesel was sold at Rs 80.87 per liter. In Mumbai, petrol costs Rs 96.98 a liter and diesel Rs 87.96 a liter.