Yadav took to Twitter to say, “What good is the petroleum ministry if no government rules, administration, or management can stop this irrational increase in fuel prices, and everything is market-driven? With immediate effect, these ministries must be shut down.”
The opposition leader launched his attack after Petroleum Minister Hardeep Singh Puri said in the Lok Sabha on Tuesday that the increase in petrol prices in India is attributable to the spike in worldwide prices caused by the Ukraine conflict.
Puri was quoted by the news agency ANI as saying, “We are not the only country that has been hit by the conflict. In India, the growth in fuel prices is a tenth of the increase in other countries. In the United States, the United Kingdom, France, Germany, and Spain.” Prices have climbed by 51% in the United States, but only 5% in India.
Finance Minister Nirmala Sitharaman had previously stated that the price of fuel on the worldwide market had risen dramatically since the commencement of the war, and that an increase in fuel costs in India was unavoidable.
While fuel prices remained unchanged for the third day in a row on Saturday, they continue to rise rapidly after a four-month hiatus that ended on March 22 with the BJP’s victory in assembly elections in five states. On Wednesday, petrol and diesel prices were increased by 80 paise per litre, bringing the total increase to Rs 10 per litre in 16 days.
The opposition parties have been hammering the government over the rise in petrol costs. On the rise in petrol prices, Congress leaders have accused the BJP-led government of “tax bribery,” “torture of the poor,” and “profiteering.” Shiv Sena, TMC, and other political parties have also criticised the national government for “feeding their coffers.”
According to a report by PTI, India is 85% reliant on imports to cover its oil needs. Oil flows have been affected around the world as a result of Russia’s invasion of Ukraine and escalating sanctions.
first published:April 9, 2022, 5:45 p.m.