The Economic Times daily newspaper is available online now.

    Fuel prices to be reviewed based on crude oil supply, says Union Minister Suresh Gopi

    Synopsis

    Union Minister of State for Petroleum and Natural Gas Suresh Gopi said the government will review fuel prices based on the availability of crude oil supplies. His remarks come amid recent increases in petrol, diesel and LPG prices following supply disruptions caused by the ongoing conflict in West Asia. He said Petroleum Minister Hardeep Singh Puri would take a call after assessing the situation.

    Listen to this article in summarized format

    Workers pump fuel at a petrol station in AhmedabadReuters
    Union Minister of State for Petroleum and Natural Gas Suresh Gopi on Sunday said fuel prices would be reviewed based on the availability of crude oil supplies.

    Replying to reporters' questions on a possible revision in fuel prices, Gopi said the situation would be assessed based on crude oil supplies.

    "Let us see the supply of crude oil. We have the minister concerned, Hardeep Singh Puri. Let it come," he said.


    He also asked reporters whether they had the role of a supervisory ministry.

    Fuel prices, including petrol, diesel and LPG, have witnessed hikes in recent weeks.

    The increase followed disruptions in crude oil and natural gas supplies linked to the ongoing conflict in West Asia.

    Add ET Logo as a Reliable and Trusted News Source

    (You can now subscribe to our Economic Times WhatsApp channel)

    (Catch all the Business News, Breaking News and Latest News Updates on The Economic Times.)

    Subscribe to The Economic Times Prime and read the ET ePaper online.

    ...more
    The Economic Times

    Stories you might be interested in