Petrol-Diesel Price: Many people are worried about inflation in India. The increased prices of petrol and diesel are making everyone’s pocket lighter. In such a situation, Petroleum Minister Hardeep Singh Puri gave such a statement on Sunday, which can make your worry lines bigger. Petroleum Minister Hardeep Singh Puri said on Sunday that petrol prices are not expected to be cut anytime soon considering the past losses of public sector oil companies.

Companies had to bear huge losses It is being informed that all the three Public Sector Oil Marketing Companies- IOC, BPCL and HPCL have For months, the prices of petrol and diesel have not changed according to the cost. These companies have suffered a lot due to not increasing the prices commensurate with the cost. Although the pressure on the companies has reduced due to falling international crude oil prices in the last few months, but they have not made any cut in the prices of petrol and diesel to make up for the previous losses.

‘prices should come down once the losses are recovered’ Participating in an event here, Puri said, “I hope that the prices should come down once the losses are recovered.” He said that despite the jump in the price of crude oil after the start of Russia-Ukraine war, the oil companies behaved responsibly and did not increase the retail prices. He said, “We didn’t ask them to keep the prices stable. They themselves took the decision.”

Buying crude oil at a higher price increased their cost However, buying crude oil at a higher price increased their cost. At the end of June 2022 he got Rs. .Rs 4 and on Diesel .Had to bear the loss of Rs.2 per litre. Indian Oil Corporation (IOC), Bharat Petroleum Corporation Limited (BPCL) and Hindustan Petroleum Corporation Limited (HPCL) on April 6, The prices of petrol and diesel were last revised.

Source – Language Input

PetrolPetrol Price HikePublished Date

Sun, Jan 22, 2023, 10: 00 PM IST