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19 September 2017
 |
Fuel (The Total Investment & Insurance Solutions)
Petroleum
and Natural Gas Minister Dharmendra Pradhan said that fuel prices may come down
by Diwali, which is next month.
The comments come amid criticism by
opposition parties of a sharp rise in oil prices after the daily rate revision
mechanism was introduced by the government recently. The Total Investment & Insurance Solutions
"Fuel prices may come down by Diwali
festival," said the minister who was on a brief visit here. The Total Investment & Insurance
Solutions
Pradhan, who has been elevated as Cabinet
minister this month and given additional charge of the Ministry of Skill
Development and Entrepreneurship, said prices of refinery oil went up because
production of oil dropped by 13 per cent in the US due to floods. The Total Investment & Insurance
Solutions
On being asked about margin of the oil
companies, he said they are being run by the government. The Total Investment & Insurance Solutions
"And everything is crystal clear,"
he said, ruling out "higher margins" for the companies. The Total Investment & Insurance
Solutions
When asked about bringing oil under the Goods
and Services Tax (GST), Pradhan said that he hoped that it might be brought
under the GST. "It will extend enormous benefit to customers."The Total Investment & Insurance
Solutions
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