Indian Oil Minister holds the USA responsible for record rise in domestic Oil prices
Bhubaneswar: With Petrol & Diesel prices hitting new heights each passing day, the Union Petroleum minister Dharmendra Pradhan has attributed the rise to weakening of Indian Rupee against the US Dollar.
Speaking at a function, he said that the rise in oil prices is due to a weak rupee. Not only the Indian currency, all the major currencies in the world are facing similar ate owing to isolationary policies of the United States of America. The government is well aware of the situation and is taking appropriate steps”
While the Rupee breached the 71 mark per US Dollar for the first time today, the state owned Oil marketing companies also hiked petrol and diesel prices by 22 paise and 28 paise respectively. With this hike, Petrol is selling at a price of Rs. 78.52 per litre in Delhi today. In Mumbai, petrol is retailing at Rs.85.93 per litre in Mumbai. Petrol is priced at Rs. 81.44 per litre in Kolkata and Rs. 81.58 per litre in Chennai. Diesel can be bought today at Rs. 70.21 per litre in Delhi. Diesel can be bought at Rs. 74.54 per litre in Mumbai, Rs. 73.06 per litre in Kolkata and Rs. 74.18 per litre in Chennai, according to daily price notification issued by state-owned oil firms. In Bhubaneswar Petrol and Diesel prices have reached to Rs.77.40 and Rs.75.32 respectively.