Petroleum Minister blames ‘unsettled’ international conditions for fuel price hike

Mar 24,2022

LNG prices in the international market shot up by "more than 37 per cent" as compared to prices from April 2021 to February 2022. This is due to "military action" in one part of the world following the COVID crisis. said Hardeep Singh Puri

Despite these challenges, the government was making every effort to ensure the consumer at the point of consumption gets fuel at an affordable price, said the petroleum minister in the Lok Sabha

Petroleum Minister Hardeep Singh Puri on Thursday blamed the hike in fuel prices in the country to the increase in prices in the international market triggered by “military action in one part of the world following the COVID crisis”. But he assured that efforts were on to ensure that fuel would be available to people at “affordable prices”.

Replying to a question in Lok Sabha, the minister said the LNG prices in the international market has shot up by “more than 37 per cent” as compared to prices from April 2021 to February 2022. This is due to “an unsettled condition and military action in one part of the world following the COVID crisis”, he said.