Fuel price hike unavoidable due to crude oil challenges, says Union Minister Suresh Gopi
Union Minister Suresh Gopi announced that a fuel price hike is necessary due to challenges in crude oil procurement amid the West Asia conflict. He acknowledged the impact on the public but emphasized that the government is working to manage the increase. Gopi also discussed the political situation in Tamil Nadu and the BJP's gradual progress in the region.
- ▪The Centre has no option but to increase fuel prices due to crude oil procurement challenges.
- ▪The government has incurred losses for the past two to three months and must raise prices to avoid running out of crude oil stocks.
- ▪Suresh Gopi stated that India is better positioned to handle crude oil shortages compared to many other countries.
Opening excerpt (first ~120 words) tap to expand
Union Minister of State for Petroleum and Natural Gas and Tourism Suresh Gopi on Tuesday said the Centre had no option but to increase fuel prices in view of the challenges in crude oil procurement and supply management amid the ongoing West Asia conflict.Speaking to reporters at Coimbatore Airport, Mr. Gopi said the government was aware that the hike in petrol prices would affect people everywhere but added that efforts were being taken to keep the increase under control. “The government has incurred losses for the past two to three months. At present, there is no other option except to raise prices,” he said. Responding to a question on whether petrol prices could rise to ₹150 per litre, Mr.
…
Excerpt limited to ~120 words for fair-use compliance. The full article is at The Hindu — Top.
Discussion
0 commentsMore from The Hindu — Top
