Limited increase in petrol, diesel prices in India despite global crude oil market volatility: Puri
GST
Dated:- 20-6-2026
PTI
Sonbhadra (UP), Jun 20 (PTI) Union Petroleum and Natural Gas Minister Hardeep Singh Puri on Saturday said the increase in petrol and diesel prices in India has been limited, given the extreme volatility in global crude oil markets.
“If we look at the situation in real terms, there has been no increase in petrol and diesel prices in the country,” Puri said, while addressing a press conference during his visit to Sonbhadra as part of the Centre's campaign marking 12 years of the Narendra Modi government.
He said Prime Minister Narendra Modi had reduced central excise duty in November 2021, May 2022
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ay, but the government ensured that the burden was not passed on to consumers.
“If compared with 2022 prices, the rates are actually lower,” he said.
Puri said oil companies were holding inventories of crude purchased at higher prices and fuel prices could soften once lower-priced crude reached refiners.
“At present, companies have stocks of crude oil bought at higher prices. When crude purchased at lower prices reaches them, there is a possibility of a reduction in fuel prices,” he said.
Puri further said that Sonbhadra in Uttar Pradesh is shedding its image of being a backward region and is moving towards becoming a model district.
Highlighting development in Sonbhadra, Puri said the district had secured the top posi
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ighlighting local development, he said Sonbhadra's per capita income had increased from Rs 43,000 in 2018 to around Rs 1.2 lakh at present.
“There is still work to be done and all of us are engaged in that effort,” he said.
The minister said Uttar Pradesh had emerged as a major centre of economic and industrial growth, with its gross state domestic product rising from around Rs 13 lakh crore in 2016-17 to nearly Rs 36 lakh crore.
He said more than 23,000 startups, over nine lakh government jobs through transparent recruitment processes, and initiatives such as One District One Product (ODOP) had turned the state into a new engine of growth and employment.
“Ayodhya, Kashi and Prayagraj are emerging as world-class spiritual an
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