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Fuel prices increasing due to Russia-Ukraine war: Nitin Gadkari

Prime News, National, International, Crude Oil, Fuel, Finance, Mumbai, March 26:- Union Minister Nitin Gadkari on Friday (March 25) justified the hikes in fuel prices, thrice in the last four days, saying that the oil prices had gone up within the international market owing to the ongoing war between Russia and Ukraine, which was beyond the Indian government’s control.

Speaking at a session titled “New India, New Manifesto-Sab Ka Saath, Sab Ka Vikas,” at the ABP Network’s inaugural ‘Ídeas of India’ summit here on Friday, Gadkari, Minister for Road Transport and Highways, also said that, “Sometimes, Hindutva is projected in a wrong way.” “In India, 80 percent of the oil is imported. Amid the ongoing war between Russia and Ukraine, the oil prices have spiralled up within international markets and we can not do anything about that,” he said when asked about the high petrol and diesel prices and how the government was planning the issue.

The minister said that he has been making a pitch for making India self-reliant since 2004, “with which, we need to make our own fuel,” while laying stress on the need for developing indigenous energy generation capabilities.

Petrol and diesel prices were hiked by 80 paise a litre each on Friday, the third increase in four days, as oil firms recoup losses from holding rates during the period prior to the recently-concluded assembly elections.

These hikes are the steepest single-day rise since the daily price revision began in June 2017. (MR, Inputs: Agencies)

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