Centre working out long-term solution to fuel price hike, says Prakash Javadekar

02 June 2018, 08:43 PM
Centre working out for long-term solution to fuel price hike
Centre working out for long-term solution to fuel price hike

Union Minister Prakash Javadekar said on Saturday that the central government is working out to find a long-term solution to the issue of rising fuel prices.

Welcoming cooperation from states to share the rise in fuel and the burden of it, Javadekar said that even they too levy taxes on petroleum products.

"During the Congress regime, petrol prices were deregularised and it was supported by Trinamool Congress. During our time the whole price set up was re-regularised but still the government is working with states for a long-term solution as they are equal stakeholders," Javadekar told reporters in Kolkata.

"States levy taxes on fuel and therefore we all have to come together for a solution (to the price issue)," the minister for human resource development said.

In June 2010, under the Congress-led United Progressive Alliance (UPA) government under Manmohan Singh, petrol prices were deregularised.

In June 2017, oil companies decided to follow international practice and revise prices daily instead of fortnightly. 

First Published: Saturday, June 02, 2018 08:34 PM
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