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Trying to Get Resolution Soon on Rising Fuel Prices, Says Oil Minister Dharmendra Pradhan

Prices of diesel and petrol in India have surged to a record high, stoking opposition criticism of Prime Minister Narendra Modi's administration for causing hardship to ordinary people.

Reuters

Updated:May 24, 2018, 1:41 PM IST
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Trying to Get Resolution Soon on Rising Fuel Prices, Says Oil Minister Dharmendra Pradhan
File Photo of Dharmendra Pradhan (Photo: Reuters/Anindito Mukherjee)
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New Delhi: The government is trying to get a resolution soon on tackling rising fuel prices, and is looking at both short-term and long-term solutions, Oil Minister Dharmendra Pradhan said on Thursday.

Prices of diesel and petrol in India have surged to a record high, stoking opposition criticism of Prime Minister Narendra Modi's administration for causing hardship to ordinary people.

Rising global crude oil prices are largely behind the surge, but fuel is also heavily taxed by India's state and central authorities, accounting for about 40-50 percent of the retail cost of petrol and diesel.

In Delhi, petrol costs Rs 77.47 a litre and diesel sells at Rs 68.53 a litre.

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