With opposition parties mocking the one paisa cut in the prices of petroleum products, Petroleum MinisterDharmendra Pradhan on Wednesday said the prices are decided by the oil companies and the government has no role in it.
“Petrol prices were connected to the market a few years back and daily pricing was brought in a year back. The government does not fix the price.
“The government used to monitor the price when it used to give out subsidy but today the oil companies are free to decide their price as per the international market. The government has no role in monitoring the price apart from the policy framework,” he said. Read More