As petrol and diesel prices continue to soar due to continuous rise in fuel rates, Union Petroleum and Natural Gas and Steel Minister Dharmendra Pradhan has blamed the hike on reduced production by the international market.
“There are two main reasons behind the fuel price rise. The international market has reduced fuel production and manufacturing countries are producing less fuel to gain more profit. This is making the consumer countries suffer,” Pradhan was quoted as saying by news agency ANI.
“We have continuously been urging the Organisation of the Petroleum Exporting Countries (OPEC) and OPEC plus countries that it should not happen. We hope there will be a change,” he said.
On Saturday, after crossing the Rs 90-mark, petrol prices in Delhi rose to Rs 90.58 per litre with an increase of 39 paise. While diesel prices soared to Rs 80.97 per litre with a hike of 37 paise over the previous day’s rate.
Petrol prices have gone up by a total of Rs 3.64 per litre while the diesel rates have risen by Rs 4.18 a litre in the national capital region. In Noida, the price for petrol rose to Rs 88.92 per litre while diesel rates went up to Rs 81.41 per litre.
Petrol prices in Mumbai surpassed the Rs 97 per litre mark with a hike of 38 paise while diesel rose to Rs 87.06 per litre after an increase of 39 paise.
In Kolkata, the price of petrol rose to Rs 91.78 per litre while diesel now costs Rs 84.56 per litre. Petrol prices in Chennai, too, went up to Rs 92.59 per litre while diesel started to retail at Rs 85.98 per litre.
Meanwhile, in Bengaluru, petrol prices rose to Rs 93.67 per litre after a hike of Rs 1.30 while diesel rates reached Rs 85.84 with an increase of 10 paise.
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