New Delhi: The Government of India has dismissed reports claiming an imminent hike in petrol and diesel prices, terming them “fake news” and misleading.
In an official clarification, the government stated that there is no proposal under consideration to increase fuel prices. It warned that such reports are being circulated to create unnecessary fear and panic among citizens.
The statement further asserted that India has managed to keep petrol and diesel prices stable over the past four years, despite volatility in global crude oil markets. According to the government, measures taken in coordination with public sector oil companies have helped shield consumers from sharp international price fluctuations.
Ministry of Petroleum and Natural Gas Statement:
There are some news reports suggesting a price hike of petrol and diesel. It is hereby clarified that there is no such proposal under consideration by the Government.
Such news items are designed to create fear and panic amongst the citizens and are mischievous and misleading.
In fact, India is the only country where petrol and diesel prices haven’t increased in the last 4 years. Govt of India and Oil PSUs have taken relentless steps in order to insulate the Indian citizens from steep increases in international prices.
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