Oppn walkout over rising petrol, diesel prices; Puri asks them to cut VAT
Dissatisfied with the reply of Petroleum Minister Hardeep Puri on the increased prices of petrol and diesel in the country, opposition parties staged a walkout from the Lok Sabha on Thursday.
Responding to a question asked by Lok Sabha MP K. Muraleedharan during the Question Hour on Thursday, Union Petroleum Minister Hardeep Puri said, “While the average price of Indian basket of Crude oil increased by 102% (from $43.34 to $87.55) between November 2020 and November 2022, the retail prices of Petrol and Diesel have increased in India by only 18.95 % and 26.5 % during this period.”
“To insulate the Indian consumers from the impact of high international crude oil prices, Central Government reduced the Central Excise duty twice on 21 November 2021 and 22 May 2022, effecting a cumulative reduction of Rs. 13 and Rs.
