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Petroleum Minister Says Fuel Price Rise Due to Pandemic

The Congress staged a nationwide protest over rising petrol and diesel prices and interim party chief Sonia Gandhi accused the Center of ‘excluding’ the people for fuel price hike, Union Petroleum Minister Dharmendra Pradhan said on Monday. Attributed the increase, to which prices were added. Stability in international markets, prices in India will also be stable ‘.

Talking to the news agency ANI, he said, “The Indian economy is going through challenging times along with the world economy. Due to the COVID-19 epidemic, the energy industry is going through a difficult time. In the months of April-May in the country, the demand for petrol was reduced by 70-80%, which had a direct impact on the economy. ”

In particular, demand for petrol declined in April – May as the country was in the midst of a COVID-19 lockdown, which began on 25 March and ended partially on 31 May.

“Now the demand is picking up again. The minister said that no one can predict oil prices, but we have predicted that as prices in the international market stabilize, prices in India will also stabilize.

The increase in demand for petrol and diesel may be due to the ‘unlock’, which started from 1 June and as the name itself suggests, it is out of the country despite being shut down in several phases in the country.

Also on that day, Congress leader Rahul Gandhi, along with his mother and party, was targeting the government, demanding a reduction in the prices of petrol and diesel.

For the first time since June 7, petrol and diesel prices rose again in Delhi on Monday after a day’s freeze. With a rise of five and 13 paise respectively, a liter of petrol and diesel in Delhi is priced at Rs 80.43 and Rs 80.53.

Last Wednesday, for the first time in many years, a liter of diesel became costlier than petrol in the national capital, and has maintained a ‘lead’ ever since.

Fuel prices have been rising since June 7, when oil companies introduced a daily price revision mechanism after a gap of 83 days during the lockdown.

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