Why can’t you pass on benefit of lower crude prices to consumers, Congress asks Modi government

The Congress on Wednesday asked the Narendra Modi government why it was not passing on to consumers the benefit of cheaper crude oil in the international market and in spite of making “so much noise” about buying cheap Russian oil during the Ukraine war.

The Congress asked the government to make public the names of industrialists who, besides public sector refiners, have benefited from cheaper Russian crude oil.

“Why can’t the benefit of falling crude oil be transferred to the final consumers? In the past 305 days, since the Centre changed fuel prices the last time, crude oil prices have come down by Rs 16.75 a litre. Why is the same benefit not transferred to people in the country? Why do dynamic fuel prices work only in one direction, only to increase the prices?”