Several members of a parliamentary committee questioned the highest officers of the petroleum ministry on Thursday in regards to the rising costs of petroleum merchandise and what was being carried out to cease it.
Petroleum Secretary Tarun Kapoor and high officers of state-owned corporations IOCL, BPCL, HPCL and GAIL appeared earlier than the Parliamentary Standing Committee on Petroleum and Natural Gas.
According to sources, a number of members of the committee, primarily the opposition events, raised questions on the continual enhance within the costs of petroleum merchandise and stated that it’s severely affecting the family funds of the widespread individuals.
Sources stated ministry officers advised the panel that the costs of petroleum merchandise are linked to worldwide crude oil costs.
Sources stated a member of the opposition strongly opposed the argument of the officers and stated that even when the worldwide crude oil costs fall, the costs within the home market stay excessive.
Some members additionally stated that the choice to revise petroleum costs is commonly taken on the premise of elections.
According to sources, it was raised within the assembly that in seven states the value of petrol is above Rs 100 per liter, whereas in lots of different states it’s round Rs 100.
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With inputs from TheIndianEXPRESS
