Live
- Janajatiya Gaurav Diwas: PM Modi’s selfie with members of Irula tribe draws attention
- Bolivian Opposition leaders arrested on terrorism charges
- 1 in 5 IT decision-makers struggling to find AI/ML talent: Report
- India's economy in sweet spot with strong growth, inflation likely to ease: Moody’s
- Mani Shankar Aiyar questions Jaishankar's visit to Pakistan, says he created 'false hope'
- K.T. Rama Rao calls on farmers arrested for attack on Vikarabad officials
- AP CM Chandrababu Naidu Unveils Vision for Andhra Pradesh amidst Financial Challenges
- VVS Laxman lauds fans for massive support on foreign tours
- Bengal lottery scam: Huge amount of cash traced, ED brings currency counting machine
- Raj Thackeray releases MNS election Manifesto with a ‘key’ to implementing it
Government to take a 'long-term' view on fuel pricing: Ravi Shankar Prasad
India wants to take a long-term view on pump prices of petrol and diesel to shield consumers from the volatility in global markets, the country\'s law minister said on Wednesday, indicating the government could change its fuel pricing mechanism.
NEW DELHI: India wants to take a long-term view on pump prices of petrol and diesel to shield consumers from the volatility in global markets, the country's law minister said on Wednesday, indicating the government could change its fuel pricing mechanism.
HIGHLIGHTS
- Prices of diesel and petrol in India have surged to a record high. A litre of petrol costs Rs 77.17 ($1.13) while diesel is sold at Rs 68.34 per litre
- Opposition leaders have criticised the government for failing to rein in rising fuel prices, a politically-sensitive issue in one of the world's biggest economies
Prices of diesel and petrol in India have surged to a record high. A litre of petrol costs Rs 77.17 ($1.13) while diesel is sold at Rs 68.34 per litre.
"The government is keen that instead of having an ad hoc measure it may be desirable to have a long-term view which addresses not only the volatility but also takes care of the unnecessary ambiguity arising out of frequent ups and downs," Ravi Shankar Prasad told a news conference.
Opposition leaders have criticised the government for failing to rein in rising fuel prices, a politically-sensitive issue in one of the world's biggest economies.
