NEW DELHI: Fuel prices have gone up the least in India as compared to Western economies amid flaring global oil prices, petroleum minister Hardeep Singh Puri said on Tuesday, the day state-run fuel retailers raised pump prices for the 13th time in 15 days since they began revising rates after a gap of nearly five months.
“We have raised the price of petrol by Rs 9 (per litre) over 12 or 13 days, whereas the international (oil) price has shot up… Our percentage increase is one-tenth of what it is elsewhere,” Puri said during a discussion on the Russia-Ukraine conflict and evacuation of Indians studying in Ukraine.
“I have some figures which show a comparison in the prices of gasoline (petrol) between April 2021 and March 2022. In USA, during that period, the increase in prices of gasoline in terms of percentage is 51%. In Canada the increase is 52%, in Germany and UK it is 55%, in France it is 50%, in Spain it is 58%, in Sri Lanka it is 55% and in India, it is just 5%,” he said.
