BHUBANESWAR: With fuel price touching new highs and mounting pressure from opposition parties for urgent measures to stem the hike, Union Minister for Petroleum and Natural Gas Dharmendra Pradhan on Tuesday said that the price rise is temporary.
Attributing the price rise to factors beyond the control of Central government, Pradhan said there was a demand destruction during the Covid-19 pandemic leading to restricted production by oil producing countries. Though the oil producing countries had assured to restore normal supply by January-February, they have not done this so far.
