By Admin 
Petrol-Diesel News: There was a huge increase in the prices of petrol and diesel last month. Due to which the general public also became very upset. Due to increase in fuel prices four times in a row, there was a fear in the minds of people that there could be further rise in prices in the future. Meanwhile, a statement has been issued by the government regarding this. Hearing this, the general public will heave a sigh of relief.
Oil companies suffered losses
In fact, recently during a press conference, Union Minister Hardir Singh Puri talked about the change in oil prices. In this statement given on Thursday, he said that till June 30, government oil companies have suffered a loss of Rs 74,781 crore due to selling petrol, diesel and LPG at prices below cost. This loss was caused by the increase in crude oil prices during the tension in the Middle East.
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Benefits cannot reach customers
Further, the minister also said that the prices of crude oil in the international market have now come down, but the oil companies are currently refining the same crude oil, which they had purchased at an expensive price about two months ago. Therefore its benefits cannot reach the customers immediately.
Prices of petrol and diesel may decrease!
Hardeep Singh Puri also said during this time that, ‘If the prices of crude oil remain low for the next 2-3 months, then only we can think about reducing the prices of petrol and diesel. It is too early to say anything about this right now. During the Middle East crisis, petrol prices increased by about 20% in many developed countries and by 35% in India’s neighboring countries. But petrol prices in India increased by only 5.58%. During this period, fuel supply continued without any interruption at more than 1.07 lakh petrol pumps in the country.
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Let us tell you that in the meantime, on the previous day i.e. on 1st July, Naira Energy has reduced the prices of petrol and diesel. However, during the press conference, Minister Hardeep Singh Puri also made it clear that in the situation of crisis, Naira Energy Limited had increased the price by Rs 5 per liter. In such a situation, it becomes necessary to value that company.