OPEC’s decision would stabilise fuel prices: Dharmendra Pradhan
Union minister Dharmendra Pradhan on Sunday expressed hope that fuel prices would stabilise as the Organization of the Petroleum Exporting Countries (OPEC) has decided to increase the crude oil production.
The Petroleum minister was talking to reporters here.
“Two days ago, OPEC decided to increase the crude oil production by 5 lakh barrels a day. We are going to benefit out of it. We are of the view that the (fuel) price would stabilise,” he said.
Pradhan’s statement comes in the wake of a steep hike in the prices of petrol and diesel recently.
The Congress has demanded that the hike in the fuel prices should be rolled back for public good, saying that the crude oil prices have tumbled in the international market.
