Rupee strong as ever, dollar creating problem: Oil minister Pradhan on rising fuel prices


Rupee strong as ever, dollar creating problem: Oil minister Pradhan on rising fuel prices

On a day when fuel prices continued its journey northwards, petroleum minister Dharmendra Pradhan once again blamed international factors for the prevailing situation.

Petrol prices rose by 33 paise per litre while diesel prices surged by 44 paise across the country on Saturday. In the national capital, petrol prices breached the Rs 80 per litre mark for the first time ever. Since August 15, petrol prices have risen by Rs 3 per litre while diesel prices have seen an increase of Rs 3.50 to every litre. While the common man’s household budget has gone for a complete toss, Pradhan highlighted just why the government cannot do much in the matter.

“Due to 2 major external factors this unavoidable situation is there in market. American dollar is creating a unique and unavoidable situation which is not good for world’s economy also,” he said. “Today, Indian currency is stronger as ever, in comparison to all other currencies. But how do we purchase oil? Through dollars. Read More

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