Dr Kiran Deep
New Delhi, March 9
Petrol and diesel prices will not be increased for now despite international crude oil rates crossing USD 100 per barrel, top government sources said on Monday.
Officials said the government is closely monitoring global oil markets, but there is no immediate plan to raise retail fuel prices. Oil marketing companies are expected to absorb the current cost pressure for the time being.
Crude prices have surged amid escalating tensions in West Asia, raising concerns over global energy supplies.
Sources said the minimum waiting period for booking a domestic LPG cylinder refill increased from 21 days to 25 days to prevent hoarding.
Average households consume 7-8 LPG cylinders of 14.2 kg in a year and should normally not need a refill in less than 6 weeks, they said, adding that the refill booking period has been increased to prevent hoarding and creation of artificial scarcity in the market.
The oil companies have an adequate stock of LPG, they noted.
PTI
New Delhi, September 29 Congress General Secretary in-charge of Punjab, Sachin Pilot, on Tuesday criticised…
Two universities in Punjab. Two student protests. Two outbreaks of violence within days of each…
Five-day banking remains key demand; PLI scheme already kept in abeyance by government Chandigarh, September…
What happened at Chitkara University on September 25 and what followed at Lovely Professional University…
